
$2,599,000 USD
Commercial for Sale, 715 W 29th Street, Hialeah, Florida
- MLS#B26007690
Listed By Savvy Avenue, LLC
The Commercial Property for Sale located at 715 W 29th Street, Hialeah, Florida is currently for sale. 715 W 29th Street, Hialeah, Florida is listed for $2,599,000.
Property features
Construction
- Year built: 1968
- Roofing: Shingle
- Construction: Cbs Construction
Parking/Garage
- Parking description: Common Lot
Interior Features
- Floors: TileCeramic Tile
Security
- Features: Smoke Detector
Utilities
- Other utilities: PublicPublic Sewer
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.
Location
715 W 29th Street, Hialeah, Florida