South Florida
Palm Springs, 10 W 53rd Ter, Hialeah, FL 33012
1,500,000(-6.67% )
$1,400,000Price
0.3Acre
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Details
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Status:
Active
Size: 0.3 Acres (1,220 m2)
Price: $4,666,667/Acre ($1,148/m2)
Type: Land
MLS Number: A11635359
View: Canal
On Site: 358 Days
Updated: 19 Days ago
Page Views: 0
Development potential: approved plans: 4 units, each with 3 bedrooms and 2 bathrooms (1,600 sq ft per unit) potential income $14,000 per month maximum potential: (plans can be modified)to up to 12 units . Additional considerations: appreciation: plans include 8 parking spaces, which may need to be increased if the number of units is maximized. Rental market: research the local rental market to determine demand for 3/2 units and potential rental rates. Overall, this property offers significant potential for investors looking to capitalize on the growing demand for multifamily housing. Current state: main house: 4 bedrooms, 3 bathrooms (potential rental income) efficiency unit: 1 bedroom, 1 bathroom land: 13,127 sq ft corner lot
Features
All features
- Property SqFt: 13127
- Remarks: Development Potential: approved plans: 4 units, each with 3 bedrooms and 2 bathrooms (1, 600 sq ft per unit) Potential income $14, 000 per month Maximum potential: (plans can be modified)to up to 12 units . Additional Considerations: Appreciation: Plans include 8 parking spaces, which may need to be increased if the number of units is maximized. Rental market: Research the local rental market to determine demand for 3/2 units and potential rental rates. Overall, this property offers significant potential for investors looking to capitalize on the growing demand for multifamily housing. Current State: Main house: 4 bedrooms, 3 bathrooms (potential rental income) Efficiency unit: 1 bedroom, 1 bathroom Land: 13, 127 sq ft corner lot
- Internet Remarks: Development Potential: approved plans: 4 units, each with 3 bedrooms and 2 bathrooms (1, 600 sq ft per unit) Potential income $14, 000 per month Maximum potential: (plans can be modified)to up to 12 units . Additional Considerations: Appreciation: Plans include 8 parking spaces, which may need to be increased if the number of units is maximized. Rental market: Research the local rental market to determine demand for 3/2 units and potential rental rates. Overall, this property offers significant potential for investors looking to capitalize on the growing demand for multifamily housing. Current State: Main house: 4 bedrooms, 3 bathrooms (potential rental income) Efficiency unit: 1 bedroom, 1 bathroom Land: 13, 127 sq ft corner lot
- View: Canal
- Waterfront: Yes
- Days on Market: 339
- Compass Point: W
- Office Name: RE/MAX Advance Realty II
- Area: 13127
- Taxes: 4939
- Tax Year: 2023
- Listing Date: 2024-08-05T10:20:46.000-00:00
- Lot Size Square Feet: 13127
Price History
02/21/2025
Date
Price Reduced
Event
$1.4M
Price
-6.67%
Change Rate
$107 ft2 / $1,148 m2
Price Per
08/04/2024
Date
Listed
Event
$1.5M
Price
$114 ft2 / $1,230 m2
Price Per
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Ileana Rodriguez • RE/MAX Advance Realty II • Buyer Agency Compensation .
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