85 W 28th St, Hialeah FL 33010
Income/MultiFamily in Hialeah
$1,615,000
Listing courtesy of RE/MAX United Realty; Saul Milian. Information from the Southeast Florida Multiple Listing Service is deemed reliable but is not guaranteed accurate.
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Income/MultiFamily, Commercial Sale
Details
Overview
Description
This well-maintained, 2-story building with 4,905 sq ft of living space sits on a 6,450 sq ft lot and was built in 1971. Key updates include a 1 year old roof, security cameras and impact windows. The property features a mix of four 1BD/1BA units and four 2BD/1BA units. It is 100% occupied on flexible month-to-month leases, offering an ideal opportunity for rent optimization in a market with consistent year-over-year growth. Annual Gross Income: $124,800 - Operating Expenses: $49,000 - Net Operating Income (NOI): $75,800 GRM 13.62 (4.69% cap rate at asking price) - Pro Forma Potential: Immediate 5-10% rent upside due to below-market rates and strong local demand. DO NOT DISTURB THE TENANTS.
This income/multifamily home located at 85 W 28th St, Hialeah FL 33010 is currently for sale and has been available on Brickellsold for 62 days. This property is listed at $2M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1971. 85 W 28th St, Hialeah FL 33010 is in Hialeah county Miami-Dade County.
Interior
- Flooring: Terrazzo
- Common walls with other units/homes:
Property
- Parking Features: Assigned
- Entry location:
- Exterior Features:
- View Description:
Construction
- Year Built: 1971
Community & HOA
- Security Features: Security System
- Amenities: