10 W 53rd Ter, Hialeah FL 33012

For sale Days on market 422

PALM SPRINGS AMD [ Income/MultiFamily ]

$1,400,000

$100,000
Price Decreased

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Overview

0.32 acres

Property Type

Income/MultiFamily

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

Property Details

MLS#

A11635359

Building

PALM SPRINGS AMD

Address

10 53rd Ter W

City

Hialeah

State/county

Zip/Postal Code

33012

Area

Palm Springs Amd

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$4,939

Maint Fee

$--

Tax Year

2023

Canal View

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