492 28Th StHialeah, FL 33013

Property Details for 492 28Th St

Year built

1952

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Hialeah

County

Miami-Dade

State

Florida

Latitude

25.8476

Longitude

-80.2726

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