Property Description
Development Potential: approved plans: 4 units, each with 3 bedrooms and 2 bathrooms (1,600 sq ft per unit) Potential income $14,000 per month Maximum potential: (plans can be modified)to up to 12 units . Additional Considerations: Appreciation: Plans include 8 parking spaces, which may need to be increased if the number of units is maximized. Rental market: Research the local rental market to determine demand for 3/2 units and potential rental rates. Overall, this property offers significant potential for investors looking to capitalize on the growing demand for multifamily housing. Current State: Main house: 4 bedrooms, 3 bathrooms (potential rental income) Efficiency unit: 1 bedroom, 1 bathroom Land: 13,127 sq ft corner lot
Features
: Canal View
: Central Business District, Less Than 1 Acre
: Other
: Electricity Available, Electricity Connected, Sewer Connected, Water Connected, Sewer Available, Phone Available, Cable Available, Cable Connected, Phone Connected, Trash Removal, Natural Gas Connected
Canal Front,canal Width 81-120 Feet
Address Map
FL
Miami-Dade County
Hialeah
33012
10 W 53rd Ter
PALM SPRINGS AMD
0
W81° 42' 59.4''
N25° 52' 15.3''
PALM SPRINGS AMD
MLS Addon
201
: All Cash, Conventional, Owner Will Carry
: City/county Maintained
$4,939
2023
: Municipal Water
4400
Commercial Land For Sale
10 W 53rd Ter, Hialeah, Florida 33012
13,127 Sqft
$1,400,000
Listing ID #A11635359
Basic Details
Property Type : Commercial Land
Property SubType : Income/multifamily
Listing Type : For Sale
Listing ID : A11635359
Price : $1,400,000
Lot Area : 13,127 Sqft
Status : Active
