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

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