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Multifamily in Hialeah, FL 33010Hialeah Residential, 985-987 SE 1st St
Share
Closed
Beds
2,012
SqFt$301
$/SqFtSold - Mar 11, 2024
Premium Multifamily
Built in 1958
Introducing a Hialeah gem! This duplex, situated at the end of a cul-de-sac, awaits your vision. Unit 1 offers 2 bedrooms and 1 bathroom, while Unit 2 boasts 3 bedrooms and 2 bathrooms, both currently leased below market value. Huge upside potential: These units are ready for your creative touch, offering the potential to unlock their true value. With market rents in the area soaring to $2,400 for the 2/1 and $3,200 for the 3/2, your investment possibilities are limitless. Estimated pro-forma cap rate of 8-10%. Whether you're a seasoned investor looking to maximize rental income or a homeowner seeking additional income from one of the units, this property fits the bill perfectly.
MLS Number: A11472274
On Site: 1066 Days
Updated: 22 Days ago
Page Views: 0
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: Central,Electric
- Cooling Description: CentralAir, CeilingFans, Electric
Building and Construction
- Floor Description: Tile
- Year Built: 1958
- Year Built Description: Resale
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2023-10-19T18:53:17.000-00:00
Taxes, Fees & More
- Taxes: 6491
Apples-to-Apples Comparables
Price History
Current
$605K
High
$605K
Low
$589K
Total Change
2.7%Date
Event
Price
Change
Price Per
03/11/2024
Sold
$605K
2.72%$301 ft2
$3,237 m2
10/19/2023
Listed
$589K
$293 ft2
$3,151 m2
03/11/2024
$605K
Event
Sold
Change
2.72%Price Per
$301 ft2
$3,237 m2
10/19/2023
$589K
Event
Listed
Price Per
$293 ft2
$3,151 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Jorge Guanche • Compass Florida, LLC. • Buyer Agency Compensation .
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Scores
66
100
34
100
53
100
73
100
0
100
30
100
1
100
Community Snapshot
2 – 7 BR
Bedrooms
$339K – $2.5M
Price Tier
576 - 15,186
SqFt Range
1954
Year Build
1
Total Floors
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