UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,569 sqft
Price per Sqft $254
Subdivision Homestead Lake Park Homes
MLS Listing ID TB8533956
Bedrooms 10
Full Baths 4
HOA Y/N No
Year Built 1957
Annual Tax Amount $1,285
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 75x100
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
Situated on a generously sized, fully fenced lot, the property offers excellent curb appeal with a spacious front lawn, mature landscaping, abundant parking, and a welcoming covered front porch. The oversized lot provides ample space for boats, trailers, work vehicles, or future improvements, making it as functional as it is versatile. The main residence features a practical floor plan with an eat-in kitchen, spacious bedrooms, multiple full bathrooms, and durable terrazzo flooring throughout much of the home. While cosmetic updates are recommended, the home's solid layout presents an outstanding opportunity to add value. A second living area includes its own kitchenette, multiple bedrooms, and a full bathroom, while the left wing of the property features a private studio-style suite with its own exterior entrance and full bathroom. Together, these spaces create exceptional flexibility for multi-generational living or maximizing rental income.
The outdoor layout is equally impressive. The main residence enjoys its own private fenced backyard complete with a storage shed, while the second living area and studio share a separate fenced backyard, creating additional privacy for each living space. Whether you're looking to generate multiple income streams or accommodate extended family, the layout offers endless possibilities. Major improvements include a 5-year-old roof, 2-year-old A/C system, and plumbing and electrical reported to be in good working order. The seller currently occupies the studio-style wing, while the remaining two tenants are on verbal month-to-month leases paying $650 and $850 per month with no security deposits. The property is serviced by a single electric meter and a single water meter.
The property does have unpermitted additions, open code violations, and liens, and is being sold strictly AS-IS. Buyer is responsible for verifying all permitting, zoning, code compliance, violations, liens, and intended use. No HOA and no rental restrictions provide tremendous flexibility for investors. Motivated seller. No assignable contracts. Opportunities with this much potential are becoming increasingly difficult to find in Homestead—don't miss your chance to unlock the value this unique property has to offer.
Location
State FL
County Miami-dade
Community Homestead Lake Park Homes
Area 33033 - Homestead
Zoning 0100
Interior
Interior Features Other
Heating Central, Electric
Cooling Central Air
Flooring Terrazzo, Tile
Furnishings Negotiable
Fireplace false
Appliance Other
Laundry Other
Exterior
Exterior Feature Other
Utilities Available Other
View Y/N No
Water Access No
Roof Type Shingle
Exposure West
Garage false
Private Pool No
Building
Story 1
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Concrete
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Schools and Properties Nearby
Learn More About LPT Realty
Cyndi Parshook
Broker Associate | License ID: 3405126
Broker Associate License ID: 3405126