715 W 29th Street, Hialeah, FL

Listing Snapshot

About This Home

Prime 8-Unit Multifamily Investment in Thriving Hialeah - Strong Cash Flow & Upside Potential! Seize this turnkey income producer at 715 W 29th St, Hialeah, FL 33012: a well-maintained 2-story, 5,332 sq ft apartment building on a 6,375 sq ft lot, built in 1968 with key updates including a 2019 roof, fully renovated bathrooms (last 3 years), and wall AC units in every apartment. Mix of 4 x 2BD/1BA and 4 x 1BD/1BA units, 100% occupied on flexible month-to-month leases, ideal for rent optimization in a market with YOY growth. Financial Highlights: Annual Gross Income: $171,120; Operating Expenses: $45,172; NOI: $125,948 (5% cap rate at asking price). Pro Forma Potential: Raise rents 5-10% immediately due to below-market rates and strong local demand. Located in Hialeah's vibrant core, minutes from major highways (I-95, Palmetto Expressway), Miami International Airport, and industrial hubs fueling job growth. No vacancies, deferred maintenance, or issues. Zero capex needs short-term. Perfect for 1031 exchanges, value-add plays, or long-term hold. Seller open to clean offers; quick close possible.

General Features

Property Type

CommercialSale

Sub-type

MultiFamily

Stories

2

Parking Spaces

2

Parking

AccessibleParking,Common

Zoning

6400

Security

SmokeDetectors

Utilities

ElectricityConnected,Other

Interior Features

Flooring

CeramicTile,Tile

Heating

Central,Individual

Cooling

CentralAir

Exterior Features

Construction

Block

Roof

Shingle

Lot Features

CityLot,LessThanQuarterAcre

Community Features

MLS Area

2300

Map

Virtual Tour