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.
| MLS # | A12058410 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1971 |
| Days On Site | 107 |
| Listing Provided By | RE/MAX United Realty | Saul Milian |
| SQ Feet | 4,905 |
|---|---|
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 1 |
| Zoning | 4600 |
| Acreage | 6450.00 |
| Parking Features | Assigned |
|---|
| Tax Annual Amount | 13920 |
|---|
| State | FL |
|---|---|
| County | Miami Dade |
| City | Hialeah |
| Zip Code | 33010 |
| Area | 31 |
| Listing VS Median (in 33010) | |
Price: $1,615,000 low | high Med: $161,000 sqft: 4,905 low | high Med: 616 $ / sqft: $329 low | high Med: $261 On site: 107 low | high Med: 11 | |
| State | FL |
|---|---|
| County | Miami Dade |
| City | Hialeah |
| Zip Code | 33010 |
| Area | 31 |
| Listing VS Median (in 33010) | |
Price: $1,615,000 low | high Med: $161,000 sqft: 4,905 low | high Med: 616 $ / sqft: $329 low | high Med: $261 On site: 107 low | high Med: 11 | |
![]() | $1,700,0002250 Palm AveHialeah, FL 33010 |
![]() | $1,700,0002250 Palm AvenueHialeah, FL 33010 |
![]() | $1,700,0002250 Palm AvenueHialeah, FL 33010 |
![]() | $1,700,0002230 Palm AvenueHialeah, FL 33010 |