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Active
$2,599,000
715 W 29th Street, Hialeah FL 33012
📍 Hialeah, FL, 33012
🚿0Baños
🌿0.15Acres lote
🏗1968Año constr.

Descripción

Prime 8-Unit Multifamily Investment in Thriving Hialeah - Strong Cash Flow & Upside Potential! Seize this turnkey income producer at 715 W 29th St, Hialeah, FL 33012: a well-maintained 2-story, 5,332 sq ft apartment building on a 6,375 sq ft lot, built in 1968 with key updates including a 2019 roof, fully renovated bathrooms (last 3 years), and wall AC units in every apartment. Mix of 4 x 2BD/1BA and 4 x 1BD/1BA units, 100% occupied on flexible month-to-month leases, ideal for rent optimization in a market with YOY growth. Financial Highlights: Annual Gross Income: $171,120; Operating Expenses: $45,172; NOI: $125,948 (5% cap rate at asking price). Pro Forma Potential: Raise rents 5-10% immediately due to below-market rates and strong local demand. Located in Hialeah's vibrant core, minutes from major highways (I-95, Palmetto Expressway), Miami International Airport, and industrial hubs fueling job growth. No vacancies, deferred maintenance, or issues. Zero capex needs short-term. Perfect for 1031 exchanges, value-add plays, or long-term hold. Seller open to clean offers; quick close possible.

Detalles de la propiedad

Tipo / Type Commercial Sale
Subtipo / Subtype Multi Family
Estado / Status Active
Condado / County Miami-Dade County
Código postal / ZIP 33012
Año construido / Year built 1968
Terreno / Lot 0.1500 acres
Listing Key f4441bb4da9e8f4dd30b547c40bfb7e3

Ubicación

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