This well-maintained 14-unit multifamily property offers investors a substantial rental asset in the desirable Hialeah/Miami Lakes submarket.The property features ten spacious two-bedroom, one-and-a-half-bathroom residences and four three-bedroom, two-bathroom residences. Each unit is separately metered for electricity, while water is provided through a common meter. The large floor plans and practical configurations are well positioned in a market with strong demand for affordable rental housing.The property is within walking distance of Bucky Dent Park, which features a public swimming pool, water park, skate park, baseball fields, and other community amenities. It is also near Westland Mall, an established retail destination planned for mixed-use redevelopment that may further enhance the surrounding area.Located near the Palmetto Expressway (SR 826), I-75, Okeechobee Road (US 27), and the Florida Turnpike, the property provides convenient access to employment centers throughout Miami-Dade County. Its proximity to Medley and industrial and commercial corridors supports demand from the area's growing workforce.The Hialeah/Miami Lakes submarket is supported by established residential, retail, commercial, and light-industrial corridors. Lower housing costs than many Miami-area submarkets, limited rental vacancies, strong rents, and the continued affordability gap between renting and homeownership make this property a compelling long-term investment opportunity
| MLS # | A12061086 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1989 |
| Days On Site | 79 |
| Listing Provided By | Sea Grove Realty | Derek Varona |
| SQ Feet | 12,894 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Zoning | 4600 |
| Lot Features | Quarter To Half Acre Lot |
|---|
| Tax Annual Amount | 54075 |
|---|
| State | FL |
|---|---|
| County | Miami Dade |
| City | Hialeah |
| Zip Code | 33016 |
| Area | 2200 |
| Community Name | 2ND ADDN TO BARACOA |
| Listing VS Median (in 2ND ADDN TO BARACOA) | |
Price: $3,950,000 low | high Med: $2,100 sqft: 12,894 low | high Med: 800 $ / sqft: $306 low | high Med: $3 On site: 79 low | high Med: 73 | |
| State | FL |
|---|---|
| County | Miami Dade |
| City | Hialeah |
| Zip Code | 33016 |
| Area | 2200 |
| Community Name | 2ND ADDN TO BARACOA |
| Listing VS Median (in 2ND ADDN TO BARACOA) | |
Price: $3,950,000 low | high Med: $2,100 sqft: 12,894 low | high Med: 800 $ / sqft: $306 low | high Med: $3 On site: 79 low | high Med: 73 | |