For Sale
$3,999,000

423 UnitsHialeah, FL 33013

Nine-unit apartment building, excellent cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 2021-built, three-story apartment building in Hialeah, Florida, presents a compelling investment opportunity. Located at 423 E 27th St, this nine-unit property boasts a desirable mix of unit configurations. Five units offer two bedrooms and two bathrooms, while the remaining four units feature two bedrooms plus a den, easily convertible into a third bedroom. All nine units are equipped with in-unit washer and dryer sets and feature high-quality porcelain flooring throughout. The property's low maintenance costs are a significant advantage, with alarm cameras, lawn care, and trash removal averaging less than $70 per unit monthly. This represents a substantial cost savings for the owner. The building's strong rental income potential is further enhanced by its prime location in Miami-Dade County, Florida, within the vibrant city of Hialeah, zip code 33013. The asking price for this turnkey investment is $3,999,000. This property is ideal for investors seeking a stable, high-performing asset with significant upside potential. The building's modern construction and desirable features ensure strong tenant demand and long-term value appreciation.

Highlights

  • $3,999,000 asking price.
  • Nine-unit multifamily apartment building.
  • Built in 2021, three stories.
  • Unit mix: five 2 bed/2 bath, four 2 bed/den (convertible to 3 bed).
  • All units feature porcelain floors, in-unit washer/dryer, and low maintenance.

Property Details for 423 Units

Property type
Apartment buildings, Small apartment buildings
Year Built
2021
Stories
3
Units
9

Location Insight

City
Hialeah
County
Miami-Dade
State
Florida
Latitude
25.8469991
Longitude
-80.2738442
423 Units, Hialeah, Florida

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423 Units
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