85 W 28th St, Hialeah FL 33010

About This Property

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.

Property Details

Property Type

Income/MultiFamily

Status

Active

MLS #

A12058410

Building Area

4,905 SF

Lot Size

6,450 SF

Year Built

1971

Zoning

4600

Days on Market

18

Price

$1,700,000