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    61 13Th St Hialeah, FL 33010

    For Sale
    $2,700,000

    Eight-unit, two-building complex in Hialeah, FL.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a two-building, eight-unit multifamily property located at 61 W 13th St, Hialeah, Florida, 33010, in Miami-Dade County. Built in 1972, the property consists of two two-story buildings. Each of the eight units offers two bedrooms and one bathroom, boasting an average square footage of 840 square feet. Currently, each unit generates $1,800 in monthly rent, with market rent estimated at $2,100 per unit, indicating significant potential for increased revenue. The asking price for this property is $2,700,000. Prospective buyers are welcome to view the exterior of the property. Interior showings will be conducted only after an accepted "as-is" offer has been received. The seller is willing to cooperate with a 1031 exchange, making this an even more attractive proposition for qualified investors. Please note that tenants should not be disturbed. This property presents a compelling opportunity for investors seeking a strong return on investment in a desirable location.

    Property Features for 61 13Th St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1972
    Buildings
    2
    Stories
    2

    HighLights

    • Eight‑unit multifamily property in Hialeah, FL.
    • Two two‑story buildings, built in 1972.
    • Each unit is a 2 bed/1 bath, averaging 840 sq ft.
    • Current rent: $1,800/month per unit; Market rent: $2,100/month per unit.
    • Asking price: $2,700,000.
    • 1031 exchange available.
    Property Profile Location Intelligence

    Current Use by Public Records

    MICHAEL RODRIGUEZ Website Designer

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2829918
    Latitude
    25.8337434

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    FAQs

    What type of property is this?
    Multifamily property - Eight-unit, two-building complex in Hialeah, FL.
    Where is this multifamily property located?
    The property is located at 61 13Th St Hialeah, FL.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: Eight-unit multifamily property in Hialeah, FL.; Two two-story buildings, built in 1972.; Each unit is a 2 bed/1 bath, averaging 840 sq ft.
    Request Owner's contact information
    61 13Th St Hialeah, FL 33010
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    Hialeah, FL 33010
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    61 13Th St Hialeah, FL 33010
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