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Gelfand Realty Miami Properties - Income/MultiFamily

179 W 9TH ST, HIALEAH GARDENS, FL 33010

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Income/MultiFamily -

179 W 9TH ST, HIALEAH GARDENS, FL 33010

Date Sold 04-04-2025

Sold Price$2,700,000 Asking Price$2,999,000

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  • Days on market:

    27 day(s)

  • Original Price:

    $2,999,000

  • Tax Legal Description:

    TOWN OF HIALEAH PB 5-77 LOTS 21-22 & 23 BLK 41 LOT SIZE 150.000 X 135 OR 15256-943 1091 1

  • Tax Year:

    2024

  • Property Type:

    Income/MultiFamily

  • Parking:

    Assigned

  • Construction Type:

    Cbs ConstructionConcrete Block Construction

  • Roof:

    Shingle

  • Special Listing Conditions:

    Sale

Description

$2,999,000

This 14-unit multi-family building is located in one of the best areas in west hialeah. the property is in excellent condition with long-standing tenants, fully occupied. there are nine 1-bedroom units and 5 studio units. the 50-year recertificatioon was passed and completed in 2024. potential to increase monthly rental rates to market rents which indicate should be $1,750 per month for 1-bedrooms and $1,350 per month for studios. there is extremely low turnover and almost no vacancy on this property. utility room onsite where a washer/dryer are located and currently collecting rent, about $70 per month. all units have separate electric meters.
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