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.
- Heating System
- Cooling System
- Parking Features
- Roof:
- Shingle, Composition
- Sewer
- State:
- FL
- County:
- Miami-Dade
- City:
- Hialeah
- Zipcode:
- 33012
- Street:
- 715 W 29th Street, Hialeah, Florida 33012
- Longitude:
- W81° 42' 12.4''
- Latitude:
- N25° 50' 52.9''
- Building Area:
- 5,332 Sqft
- Construction Materials:
- Block
- Cumulative DOM:
- 50
- DOM:
- 60
- Electric
- Flooring:
- Tile, Ceramic Tile
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Lot Features
- Parcel Number:
- 04-30-12-002-0140
- Stories Total:
- 2
- Tax Annual Amount:
- $18,742
- Utilities
- Virtual Tour:
- Click Here
Commercial Sale For Sale
715 W 29th Street, Hialeah, Florida 33012, Hialeah, Florida 33012
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $2,599,000
- Year Built :
- 1968
- MLS # :
- B26007690
- Property Sub Type :
- Multi Family
