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26327013
26327014

871 SE 8th Ave, Hialeah, FL 33010

The Leonard Real Estate Group
The Leonard Real Estate Group
Listed by The Leonard Real Estate Group
$6,150,000
300 days on market
Updated 0 days ago

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.

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Listing Contacts

The Leonard Real Estate Group
The Leonard Real Estate Group
Listed by The Leonard Real Estate Group

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Loan Amount
$0.00
Annual Debt Service
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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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