85 W 28th St, Hialeah, FL 33010
- $1,615,000
- List Price
- $1,615,000
- Price Change
- ▼ $85,000 1789601178
- MLS#
- A12058410
- Status
- ACTIVE
- Type
- Commercial
Property Description
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.
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Additional Information
- Days on Market
- 104
- Tax Amount
- $13,920
- Maintenance Fee
- 6000
- Water Access
- Building & Land
- Parcel Number
- 04-31-07-004-0930
- Lot Size
- 6,450
- Address
- 85 W 28th St, Hialeah
- Year Built
- 1971
- Section
- 7
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Listing Courtesy of RE/MAX United Realty, Contact: