611 SW 8th Ave

Property Description MSP Group is proud to be the exclusive listing agent for 611 SW 8th Avenue, a duplex located in Homestead, FL. The property is made up of two 2-bedroom/1-bathroom units with approximately 713 SF each, encompassing a formal living area and a fully equipped kitchen. The units feature wall A/C units and shuttered windows, which in addition to the concrete roofs, lower the insurance premium to less than $1,500 for full coverage. The roof was replaced in 2017 and has significant useful life remaining. The property has individual meters for water and electricity, lowering the operating cost for the owner. 720 SW 6th Street the adjacent property is also available for sale and these duplexes may be purchased together or separately. Location Description The property is conveniently located near US1 and the Florida Turnpike, two of Miami-Dade County’s main north/south arteries. It is also located minutes away from Downtown Homestead, which is enjoying large amounts of investments that include a new Police Station, City Hall, the reopening of the historic Seminole Theatre and the 65,000 SF Homestead Station that includes a movie theatre, bowling alley, large arcade, multiple dining and retail options. This expansion will continue to bring new amenities and create new employment opportunities in the immediate area, not to mention the thousands of new construction homes brought to South Dade in the last several years. The immediate area surrounding the property also seeing a slew of development including single family homes, duplexes and large multifamily properties. 611 SW 8th Avenue is located steps away from the Miami-Dade County Busway that has been implementing the Bus Rapid Transit System connecting South Dade to the Metro Rail and beyond. It is also located minutes away Miami Dade's buses that transport a significant number of employees from South Dade to the Florida Keys. 611 SW 8th Avenue is located within an IRS Designated Opportunity Zone. These were created in the Tax Cuts and Jobs Act. The designated properties allow for preferential tax treatment to help spur investment in lower income communities.