For Sale
$1,350,000

1670 42Nd St Hialeah, FL 33012

Four-unit apartment building, excellent income potential.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a four-unit apartment building located in Hialeah, Florida, at 1670 W 42nd St, 33012. Built in 1984, this two-story, concrete block construction building boasts four fully occupied apartments, each featuring three bedrooms and two bathrooms. Each unit includes central air conditioning, an inside laundry room, an open kitchen, and walk-in closets. Upper units offer open balconies, while lower units provide private, fenced patios. The property includes a private parking lot accommodating six to eight vehicles. Recent improvements include a new roof, and the building has successfully completed its 40-50 year certification. All four units are currently on month-to-month leases, providing flexibility for adjusting rental rates to market value and maximizing income potential. Financing options include FHA, cash, conventional, and VA loans. A 48-hour notice is required for showings to respect tenant privacy. This property represents a strong investment opportunity in a desirable Hialeah location.

Highlights

  • $1,350,000 asking price for a four-unit apartment building.
  • Multifamily property located at 1670 W 42nd St, Hialeah, FL 33012.
  • Four units, each with three bedrooms and two bathrooms.
  • Features include central AC, in-unit laundry, and open kitchens.
  • Top units have balconies; bottom units have fenced patios.
  • Six to eight parking spaces.

Property Details for 1670 42Nd St

Property type
Apartment buildings, Small apartment buildings
Year Built
1984
Stories
2
Units
4

Location Insight

City
Hialeah
County
Miami-Dade
State
Florida
Latitude
25.8595533
Longitude
-80.3163055

FAQs

What type of property is this?
Apartment building - Four-unit apartment building, excellent income potential.
Where is the apartment building located?
The property is located at 1670 42Nd St Hialeah, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: $1,350,000 asking price for a four-unit apartment building.; Multifamily property located at 1670 W 42nd St, Hialeah, FL 33012.; Four units, each with three bedrooms and two bathrooms.
How can I contact the broker?
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1670 42Nd St
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