For Sale
$2,500,000

23 13Th StHialeah, FL 33010

High-Yield Apartment Building, Below Market Rents

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional two-story apartment building in Hialeah, Florida, presents a compelling investment opportunity. Located at 23 W 13th St, 33010, in Miami-Dade County, this 1971-constructed property offers significant value-add potential. Currently generating $11,200 in monthly rental income, the property boasts a pro forma of $16,000 per month, indicating substantial upside. The building consists of one structure with a duplex/triplex/quadruplex configuration, presenting a unique opportunity for an investor to increase profitability. All current tenants are on month-to-month leases, providing flexibility for the new owner. The asking price for this centrally located Hialeah property is $2,500,000. This represents a rare chance to acquire a well-situated multifamily asset with below-market rents and significant potential for increased revenue. The property's prime location within Hialeah offers easy access to major transportation routes and local amenities. This is a turn-key investment ready for immediate income generation and future growth. The property has never been on the market before outside of the family that owns it, making this a truly unique opportunity.

Highlights

  • Asking price: $2,500,000
  • Multifamily property, Apartment Building (Duplex/Triplex/Quadruplex)
  • Built in 1971, 2-story building
  • Located at 23 W 13th St, Hialeah, FL 33010, in Miami-Dade County
  • Below-market rents, significant value-add opportunity; currently collecting $11,200/month, pro forma $16,000/month.

Property Details for 23 13Th St

Property type
Apartment buildings, Small apartment buildings
Year Built
1971
Buildings
1
Stories
2

Location Insight

City
Hialeah
County
Miami-Dade
State
Florida
Latitude
25.8337809
Longitude
-80.2824
23 13Th St, Hialeah, Florida

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23 13Th St
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