Multifamily Income
1185 W 27th St Hialeah, FL 33010
1185 W 27th St, Hialeah, FL, 33010
Contact for pricing
For Sale
Contact for pricing
16 rented apartment units include central A/C, hurricane shutters, and 24 parking spaces.
Property Size11,904 SF
Price / SF$390.63
Days on Market144
Property Features for 1185 W 27th St
General Information
- Standard status
- Active
- Size
- 11,904 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1970
Listing agency
Equator Realty
Listed by
Roberto Gonzalez · License #0620347
Source
Crexi
Added: Feb 28 Updated: Jul 21 at 11:51PM Checked: Jul 21 at 11:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Equator Realty
Investment Insights
Based on property information with market context.
This multifamily income property offers 16 apartment units configured as 8 one-bedroom and 8 two-bedroom homes. The building is described as being in excellent condition and includes central A/C and hurricane shutters. There are 24 parking spaces available for residents and guests.
The property is located in the center of Hialeah, Florida. The offering notes that the units are 100% rented.
For access and additional information, the listing advises contacting the LA and not disturbing tenants.
The property is located in the center of Hialeah, Florida. The offering notes that the units are 100% rented.
For access and additional information, the listing advises contacting the LA and not disturbing tenants.
Key Highlights
- 16 rented apartment units built in 1970 with central A/C
- Unit mix includes 8 one‑bedroom and 8 two‑bedroom apartments
- Hurricane shutters included
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $310.0k | $26.04 |
| − Vacancy | −$20.1k | −$1.69 |
| EGI | $289.8k | $24.35 |
| − OpEx | −$130.4k | −$10.96 |
| NOI | $159.4k | $13.39 |
11,904 SF · lease $26.04/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.28M
$1.99M – $2.66M
NOI $159,407 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.69M
$4.10M – $5.47M
NOI $327,979 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 16 rented apartment units include central A/C, hurricane shutters, and 24 parking spaces.
Where is this apartment building located?
The property is located at 1185 W 27th St Hialeah, FL.
What is the asking price?
The asking price for this property is $4,650,000.
What are key features of this property?
This property features: 16 rented apartment units built in 1970 with central A/C; Unit mix includes 8 one‑bedroom and 8 two‑bedroom apartments; Hurricane shutters included
