SQUARE FEET5,332
MLS#B26007690
STATUSActive
PROPERTY TYPECommercial - Business
Property 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 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.
Property Features
Property Type: Commercial - Business
Cooling: Central Individual
Heating: Central Individual
Lot Size: 0.15 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $18,742
Year Built: 1968
Feature Descriptions
Days on Site: 9
Exterior: CBS
Flooring: Ceramic Tile, Tile
Parcel#: 0430120020140
Parking: Common, Accessible Parking
Parking Notes: Common, Accessible Parking
Security: Smoke Detector(s)
Sewer: Public Sewer
Units: 8
Utilities: Electricity Connected, Other
Utilities: Electricity Connected, Other
Water: Public
Listed By / Shown By
Listed By
Agency Name: Savvy Avenue, LLC
Agency Phone: 888-490-1268
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
715 W 29th Street | MLS# B26007690
This commercial property located at 715 W 29th Street, Hialeah, FL 33018 is currently listed for sale with an asking price of $2,599,000. Search Hialeah real estate on www.realtymark.net today.