8-Unit Multifamily Income
For Sale
$2,599,000
715 W 29th Street, Hialeah, FL 33012
Well-maintained two-story apartment building with eight units, including wall A/C and updated roof and bathrooms.
Property Size5,332 SF
Lot Size0.15 Acres
Price / SF$487.43
Days on Market159
Property Features for 715 W 29th Street
General Information
Standard status
Active
Size
5,332 SF
Lot size
0.15 Acres
Property subtype
Multi Family
Occupancy
100%
Additional Details
Cap Rate
5%
Highway Access
Yes
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$18,742
Building Details
Building Size
5,332 SF
Year Built
1968
Stories
2
Listing Agency:
Savvy Avenue, LLC
(888) 490-1268
Listed By:
Moe Mossa · License #3432985
Source:
Marcelosteinmander
Added: Mar 27
Changed: Aug 23
Last Checked: Aug 30 at 9:11PM
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 Savvy Avenue, LLC
Investment Insights
Based on property information with market context.
This well-maintained two-story apartment building offers eight residential units in a 4-by-2BD/1BA and 4-by-1BD/1BA mix. The property is fully occupied on flexible month-to-month leases. Updates include a roof installed in 2019, fully renovated bathrooms completed within the last three years, and wall A/C units in every apartment.
The building is located at 715 W 29th St in Hialeah, with convenient access to major highways including I-95 and the Palmetto Expressway, as well as Miami International Airport and nearby industrial hubs.
The current operations show annual gross income of $171,120 and operating expenses of $45,172, resulting in an NOI of $125,948, reported at a 5% cap rate at the asking price. The seller states there are no vacancies and no deferred maintenance or issues, and indicates no short-term capex is required.
The building is located at 715 W 29th St in Hialeah, with convenient access to major highways including I-95 and the Palmetto Expressway, as well as Miami International Airport and nearby industrial hubs.
The current operations show annual gross income of $171,120 and operating expenses of $45,172, resulting in an NOI of $125,948, reported at a 5% cap rate at the asking price. The seller states there are no vacancies and no deferred maintenance or issues, and indicates no short-term capex is required.
Key Highlights
- 8‑unit, 2‑story apartment building on a 6,375 SF lot at 715 W 29th St, Hialeah, FL 33012
- Year built 1968; 5,332 SF building
- Unit mix: 4 x 2BD/1BA and 4 x 1BD/1BA
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,950
Businesses Nearby
Explore this area
Business Placement
Demographics for 33012, FL
70,260
Population
25,923
Households
2.7
Avg Household Size
48
Median Age
18%
College-Educated
72%
High-School Grad
5.9 sq mi
ZIP Area
11,908
Density / Sq Mi
$45,818
Median Household Income
$32,039
Median Earnings
$1,562
Median Rent
$355,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained two-story apartment building with eight units, including wall A/C and updated roof and bathrooms.
Where is this apartment building located?
The property is located at 715 W 29th Street Hialeah, FL.
What is the asking price?
The asking price for this property is $2,599,000.
What are key features of this property?
This property features: 8‑unit, 2‑story apartment building on a 6,375 SF lot at 715 W 29th St, Hialeah, FL 33012; Year built 1968; 5,332 SF building; Unit mix: 4 x 2BD/1BA and 4 x 1BD/1BA
