60 12Th StHialeah, FL 33010

Property Details for 60 12Th St

Year built

1972

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

This exceptional investment opportunity presents a four-unit apartment building plus an efficiency unit located in Hialeah, Florida, at 60 W 12th St, 33010. Built in 1972, this two-story property offers significant upside potential. The property comprises two buildings; a main house with a private backyard and a secondary building with three units sharing a backyard. Currently, three units and the efficiency are on month-to-month leases, with rents significantly below market value due to long-term tenancy. New ownership can capitalize on this by adjusting rents to market rates. Each unit has its own Florida Power & Light (FPL) meter, and there's an additional meter for common areas with a low monthly cost (under $50). Both buildings have undergone their 40-year recertification, with one building also having completed its 10-year inspection. The main house requires its 10-year inspection in 2025. This property is priced at $1,647,000 and presents a compelling opportunity for investors seeking strong returns in a desirable location. The property's solid foundation and existing tenant base provide a stable income stream with room for substantial growth.

Location Insight

City

Hialeah

County

Miami-Dade

State

Florida

Latitude

25.8323

Longitude

-80.2829

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