For Sale
$1,080,000

492 28Th St Hialeah, FL 33013

Fourplex near Hialeah Casino - High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional fourplex in desirable West Hialeah presents a rare investment opportunity. Located near the Hialeah Casino and convenient to shopping and major highways, this property boasts four units, each with its own water and FPL meter. The legal fourplex features a central courtyard and offers over 3,000 square feet of living space on a lot exceeding a quarter-acre. Currently, two units are on month-to-month leases, while the remaining two have leases of 10 and 6 months respectively. Detailed unit information and floor plans are available. This property's prime location and substantial size make it an attractive investment for both income generation and potential redevelopment. The corner lot zoning allows for expansion up to nine units, presenting significant upside for developers seeking to maximize their return. Built in 1952, this single-story building represents a solid foundation for immediate income and future growth. The asking price is $1,080,000. Don't miss this chance to acquire a highly sought-after multifamily property in a thriving area.

Highlights

  • $1,080,000 asking price.
  • Four-unit multifamily apartment building.
  • Located in desirable Hialeah, FL, near Hialeah Casino and major roadways.
  • Built in 1952, one-story building.
  • Individual water and electric meters for each unit.
  • Over 3,000 square feet on a lot larger than 1/4 acre.

Property Details for 492 28Th St

Property type
Apartment buildings, Small apartment buildings
Year Built
1952
Stories
1
Units
4

Location Insight

City
Hialeah
County
Miami-Dade
State
Florida
Latitude
25.847592
Longitude
-80.2725791

FAQs

What type of property is this?
Apartment building - Fourplex near Hialeah Casino - High ROI Potential
Where is the apartment building located?
The property is located at 492 28Th St Hialeah, FL.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: $1,080,000 asking price.; Four-unit multifamily apartment building.; Located in desirable Hialeah, FL, near Hialeah Casino and major roadways.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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492 28Th St
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