$2,700,000
$2,999,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
6,729 SqFt
SOLD DATE : 04/04/2025
Key Details
Sold Price $2,700,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,729 sqft
Price per Sqft $401
MLS Listing ID A11729702
Sold Date 04/04/25
Construction Status Resale
HOA Y/N No
Year Built 1954
Annual Tax Amount $24,561
Tax Year 2024
Contingent Pending Inspections
Lot Size 0.465 Acres
Property Sub-Type Multi Family
Property Description
This 14-unit multi-family building is located in one of the best areas in West Hialeah. The property is in excellent condition with long-standing tenants, fully occupied. There are nine 1-bedroom units and 5 studio units. The 50-year Recertificatioon was passed and completed in 2024. Potential to increase monthly rental rates to market rents which indicate should be $1,750 per month for 1-bedrooms and $1,350 per month for studios. There is extremely low turnover and almost no vacancy on this property. Utility room onsite where a Washer/Dryer are located and currently collecting rent, about $70 per month. All units have separate electric meters.
Location
State FL
County Miami-dade
Area 31
Exterior
Roof Type Shingle
Total Parking Spaces 15
Private Pool Yes
Building
Story 1
Sewer Septic Tank
Water Public
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 04-31-18-001-4921
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash
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15050 NW 79 Court Suite 105, Miami Lakes, Florida, 33016, USA