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$ 2,599,000

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Active

715 W 29th ST Hialeah, FL 33012

5,332 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,332 sqft

Price per Sqft $487

MLS Listing ID B26007690

HOA Y/N No

Year Built 1968

Annual Tax Amount $18,742

Tax Year 2025

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type Multi Family

Property Description

Prime 8-Unit Multifamily Investment in Thriving Hialeah - Strong Cash Flow & Upside Potential! Seize this turnkey income producer at 715 W 29th St, Hialeah, FL 33012: a well-maintained 2-story, 5,332 sq ft apartment building on a 6,375 sq ft lot, built in 1968 with key updates including a 2019 roof, fully renovated bathrooms (last 3 years), and wall AC units in every apartment. Mix of 4 x 2BD/1BA and 4 x 1BD/1BA units, 100% occupied on flexible month-to-month leases, ideal for rent optimization in a market with YOY growth. Financial Highlights: Annual Gross Income: $171,120; Operating Expenses: $45,172; NOI: $125,948 (5% cap rate at asking price). Pro Forma Potential: Raise rents 5-10% immediately due to below-market rates and strong local demand. Located in Hialeah's vibrant core, minutes from major highways (I-95, Palmetto Expressway), Miami International Airport, and industrial hubs fueling job growth. No vacancies, deferred maintenance, or issues. Zero capex needs short-term. Perfect for 1031 exchanges, value-add plays, or long-term hold. Seller open to clean offers; quick close possible.

Location

State FL

County Miami-dade

Interior

Heating Central

Cooling Central Air

Flooring Ceramic Tile, Tile

Exterior

Utilities Available Electricity Available, Other

Roof Type Composition,Shingle

Total Parking Spaces 2

Private Pool Yes

Building

Lot Description <1 Acre, < 1/4 Acre

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Block

Others

Senior Community No

Tax ID 04-30-12-002-0140

Ownership Corporation

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/715-W-29th-Street-Hialeah-FL/unbranded

Miami Association of Realtors (SEFMIAMI MLS)

Listed by Savvy Avenue, LLC

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