85 W 28th St Hialeah, FL 33010
Other
MLS #: A12058410
Courtesy Of RE/MAX United Realty
Property InformationDescription
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 (4% 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.
Features
- Age: Over 50 Years Old
- Amenities: Security System
- Building Units: 8
- Cooling System: Window Unit(s)
- Cooling System: Wall/Window Unit(s)
- Exterior Type: Block
- Floor Covering: Terrazzo
- Floors: 2
- Heating System: Wall Furnace
- Legal Description: 7 53 41 HIALEAH 11TH ADD PB 9-76 LOT 28 BLK 175 LOT SIZE 50.000 X 129 OR 13265-1209 0487 1
- MLSID: A12058410
- Parking Spaces: 10
- Roof Type: Composition
MAP & DIRECTIONS
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