Listed by The Leonard Real Estate Group
$6,150,000
871 SE 8th Ave
Details
APN 04-31-20-009-0090
Property Type Multifamily
Square Footage 4,018
Units 3
Cap Rate 6.25%
NOI $384,375
Occupancy 95%
Pro-Forma Cap Rate 6.32%
Pro-Forma NOI $388,740
Price per SqFt $1,531
Year Built 1947
Buildings 3
Lot Size (SqFt) 26,715
Zoning 0100
Multifamily
Marketing description
A True Diamond in the Rough! Prime Development Opportunity in the Heart of Hialeah!
An exceptional opportunity to acquire three side-by-side properties sold together as a package, ideally positioned in one of Hialeah’s fastest-growing areas. Multifamily development is booming throughout Hialeah—don’t get left behind. The two other Folio#0431200090080, 861 SE 8th Ave. & Folio#0431200090070, 851 SE 8th Ave.
Located within the Neighborhood Business District (NBD) overlay zone, this site offers rezoning potential to support multifamily and/or mixed-use development (see attached ordinance).
Location Highlights:
Central Hialeah location with easy access to major highways;
Close to shopping centers, schools, and daily conveniences;
Just minutes from Miami International Airport; and
Near the upcoming Miami Freedom Park Stadium, a major attraction for soccer fans and future growth.
This is a rare canvas for any buyer, and visionaries ready to leave their mark. Make this block yours and put your signature on a transformative project. Opportunity, location, and vision—this one has it all!
Serious inquiries! Please do not disturb tenants! Bring your offers, let's make a deal!
Investment highlights
Make this your vision come true! Three big properties, make it yours! Bring me any offer to show to the sellers to negotiate.
Listing Contacts
Listed by The Leonard Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$384,375.00
$32,031.25/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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