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715 W 29th Street

Hialeah, FL

Listing Details

  • $2,599,000
  • MLS# B26007690
  • Type Commercial - Business
  • Status Active
  • 5,332
    Square Feet
  • 0.150 acres
    Lot Size
  • 1968
    Year Built

Description

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... Read more price). Pro Forma Potential: Raise rents 5-10% immediately due to below-market rates and strong local demand. Located in Hialeahs 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.

Key Features

No amenity information available.

View All Features
715 W 29th Street
Hialeah, FL 33018
County
Miami-Dade

Contact the Agent

Luxury Homes Specialist
Contact the Listing Agent
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All Property Features

  • Property Type: Commercial - Business
  • Cooling: Central Individual
  • Days on Site: 53
  • Exterior: CBS
  • Flooring: Ceramic Tile, Tile
  • Heating: Central Individual
  • Lot Size: 0.15 Acres
  • Parcel#: 0430120020140
  • Parking: Common, Accessible Parking
  • Parking Notes: Common, Accessible Parking
  • Roof Type: Shingle
  • Security: Smoke Detector(s)
  • Sewer: Public Sewer
  • Stories: 2.0
  • Taxes: $18,742
  • Units: 8
  • Utilities: Electricity Connected, Other
  • Utilities: Electricity Connected, Other
  • Water: Public
  • Year Built: 1968