85 W 28th Street, Hialeah, FL 33010
Listing Snapshot
| List Price | $1,700,000 |
| Beds | 0 |
| Baths | 0 |
| Living Area | 0 sqft |
| Lot Size | 0.15 acres |
| Year Built | 1971 |
| Property Tax | $13,920/yr |
| MLS # | 1178589576 |
| Status | Active |
| Days on Market | 18 |
About This Home
This well-maintained, 2-story building with 4,905 sq ft of living space sits on a 6,450 sq ft lot and was built in 1971. Key updates include a 1 year old roof, security cameras and impact windows. The property features a mix of four 1BD/1BA units and four 2BD/1BA units. It is 100% occupied on flexible month-to-month leases, offering an ideal opportunity for rent optimization in a market with consistent year-over-year growth. Annual Gross Income: $124,800 - Operating Expenses: $49,000 - Net Operating Income (NOI): $75,800 (4% cap rate at asking price) - Pro Forma Potential: Immediate 5-10% rent upside due to below-market rates and strong local demand.DO NOT DISTURB THE TENANTS.
General Features
- Property Type
- CommercialSale
- Sub-type
- MultiFamily
- Stories
- 2
- Parking Spaces
- 10
- Parking
- Assigned
- Zoning
- 4600
- Security
- SecuritySystem
- Utilities
- SewerAvailable
Interior Features
- Flooring
- Terrazzo
- Heating
- WallFurnace
- Cooling
- WallWindowUnits
Exterior Features
- Construction
- Block
- Lot Features
- CityLot
Community Features
- MLS Area
- 2310
Map
Virtual Tour
View Virtual TourMLS# 1178589576 · BEACH
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Estimate Your Payment
20% down · Loan: $1,360,000
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.