10 West 53rd Terrace Hialeah, FL 33012

$1,400,000
4
Beds
3
Baths
0.30
Acres
1,575
SQFT
889
$/SQFT
$1,400,000
4
Beds
3
Baths
1,575   sf
$889 / sf
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active
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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

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

  • Neighborhood
  • Type
  • Total Baths
  • County
    Miami-Dade County
  • Area
    Palm Springs Amd
  • Tax Amount
    $4,939
  • Status
    Active
  • Listing #
    A11662830
  • Built
    1952
  • Lot Size
    0.30
  • Listed on site
    176 days
  • Listing Agent Id
    0392092
  • Listing Agent Phone
    305-992-5626

Listed by:
RE/MAX Advance Realty II

Source:
MIAMI MLS

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Community Features

  • No HOA

Property History

DateDays AgoEventNew Price
Feb 21, 202522 days agoPrice decreased100,000 (7%)$1,400,000
Sep 19, 20246 mos agoNew on market$1,500,000
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