RIVERWALK II APARTMENTS
Riverwalk II Apartments is a 112-Unit Community located in Homestead, Florida, approximately 30 minutes south of the city of Miami. The property sits on 8.2 acres, with a central lake and offers great amenities and full renovated unit interiors.
Treevita acquired this asset on 2013 and invested more than $2.8 million in redeveloping the property and repositioning it within its submarket. The project was developed under a Land Use Restriction Agreement (LURA). Consistent with LURA requirements, approximately 80 percent of the property’s units were set aside and rented to tenants who earn no more than 60 percent of the area median income (AMI).
Treevita’s Management team provided steady and reliable income from operations and the property had an average occupancy of 98 percent until its disposition in 2019.
Asset type: Multifamily
1 bedroom / 1 bath
2 bedrooms / 1 bath
3 bedrooms / 2 baths
Gross area: 8.19 acres of land
Net rentable area: 103, 200 Sq. Ft.
Unit: Air conditioning, central A/C
Private Patio or balcony, tile floors, walk in closets
Site: Swimming pool, lake, playground
Clubhouse – administrative office
Outdoor Fitness Equipment
Property Manager on site
301 SE 6th Avenue Homestead, FL 33030