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OFF MARKET
Palm Springs, 10 W 53rd Ter, Hialeah, FL 33012
1,500,000(-6.67% )
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Status:
OFF MARKETExpired
Size: 0.3 Acres (1,220 m2)
Price: $4,666,667/Acre ($1,148/m2)
Type: Land
MLS Number: A11635359
View: Canal
On Site: 618 Days
Updated: 196 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: 422
- 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
Apples-to-Apples Comparables
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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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