Palm Springs, 10 W 53rd Ter Hialeah, FL, 33012

$1,500,000Price
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Size: 13,127 ft2 / 1,220 m2
Price: $114 ft2 / $1,230 m2
MLS Number: A11635359
View: Canal
On Site: 183 Days
Updated: 12 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: 172
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
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 RodriguezRE/MAX Advance Realty II • Buyer Agency Compensation .

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Unit 10 W 53rd Ter – Asking

$N/A/ft²

Closed Medium $/ft²

$400/ft²
Community $/Price Range (Closed) $194/ft² – $559/ft²
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