Duplex corner lot Multifamily zoning 2-9 units

Duplex | 4 Bed | 2 Bath | 1,500 SF total | 11,562 SF corner lot | Multifamily zoning (2–9 units)

Legal duplex with two 2/1 units, offering strong income and redevelopment upside. The property sits on a large corner lot with multifamily zoning allowing up to 9 units, supporting multiple exit strategies.
Each unit has separate electric and water meters, impact windows, and separate laundry hookups. The property is on septic, last cleaned approximately five years ago. The roof is approximately 15 years old and in good condition. A/C age is unknown. Income is currently under market with upside through rent increases or Section 8 placement.

Current Rent: $1,400 per unit ($2,800/month)
Upside Rent: Section 8 projected around $5,000/month
One unit is month-to-month and the other is leased through March/April. Buyer will assume tenants at closing.

Comparables
961 NW 11th St, Homestead, FL 33030 4 Bed | 2 Bath | 1,566 SF Sold $415,000 02/20/2025 0.14 mi
1316 NW 12th St, Homestead, FL 33030 3 Bed | 2 Bath | 992 SF Sold $485,000 07/08/2025 0.34 mi
1101 NW 9th Ct, Homestead, FL 33030 4 Bed | 2 Bath | 1,500 SF Sold $425,000 01/31/2025 0.30 mi
1011 NW 11th St, Homestead, FL 33030 4 Bed | 2 Bath | 1,586 SF Sold $440,000 06/04/2025 0.19 mi
730 NW 14th St, Homestead, FL 33030 4 Bed | 2 Bath | 1,458 SF Sold $420,000 03/07/2025 0.07 mi