Premier Properties
Listed by Premier Properties
$1,360,000
192 W 33 ST / "REAR" / Portfolio & Redevelopment-CASH FLOW
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio, Apartment Building
Square Footage 3,997
Units 6
Cap Rate 7.03%
NOI $95,585
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 8.00%
Pro-Forma NOI $108,785
Price per SqFt $340
Class C
Year Built 1960
Year Renovated 2026
Buildings 3
Stories 1
Acreage 0.390
Zoning R-3, R-3-5
Investment Type Stabilized
Ownership Fee Simple
Multifamily | 6 Units | $226,667/unit
Marketing description
Premier Properties is pleased to present this multifamily investment opportunity at 192 W 33 ST in Hialeah, Florida. This property consists of 6 residential units totaling 3,997 square feet across three buildings on a 17,285 square foot lot. The property offers a strong 7.03% cap rate with significant upside potential through market rent increases. Currently 100% occupied, the asset presents an excellent value-add opportunity for investors looking to capitalize on below-market rents in a growing South Florida market.
Investment highlights
- 100% occupancy
- Current 7.03% cap rate / 8.00% pro forma cap rate
- Below-market rents with upside potential
- Fee simple ownership
- Three separate buildings on 0.39 acres
- Located in Hialeah, Florida in Miami-Dade County
- Redevelopment Potential for 11 Residential Garden Style Units
Listing Contacts
Premier Properties
Listed by Premier Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$95,585.00
$7,965.42/mo
Valuation Metrics
0
DSCR
7.03%
Cap Rate
7.03%
ROI
Map
Zoning
R-3 ResidentialMulti FamilyMultiple Family District
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View all 18 uses
View all 18 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
Tax History
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