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    620 29Th St Hialeah, FL 33012

    For Sale
    $1,800,000

    Profitable 2-Story Apartment Building in Hialeah, FL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2-story apartment building, constructed in 2020, presents a lucrative investment opportunity in the vibrant city of Hialeah, Florida. Located at 620 W 29th St, 33012, this multifamily property boasts all-block construction, ensuring durability and longevity. The building features hurricane impact windows and doors, providing superior protection and peace of mind. A new roof further enhances its structural integrity and reduces maintenance concerns. All units are fully leased to long-term tenants, providing immediate and consistent cash flow. Each apartment is equipped with modern appliances, central air conditioning, and stacked washer/dryer units, appealing to a wide range of renters. The property's prime location offers convenient access to a public library, highly-rated schools, Hialeah Park and Casino, and a variety of shops, restaurants, and drugstores within walking distance. This combination of modern amenities, strong tenant occupancy, and desirable location makes this apartment complex an ideal investment for discerning buyers seeking a stable and profitable return. The property is situated in Miami-Dade County and is a duplex, triplex, or quadplex.

    Property Features for 620 29Th St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2020
    Stories
    2

    HighLights

    • $1,800,000 asking price for this multifamily investment opportunity.
    • 2‑story, 2020‑built apartment building in Hialeah, FL.
    • All‑block construction with hurricane impact windows and doors, and a new roof.
    • Fully leased with long‑term tenants and modern amenities including A/C and stacked washer/dryers in each unit.
    • Prime location near shops, restaurants, schools, Hialeah Park & Casino.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2948032
    Latitude
    25.8477558

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    FAQs

    What type of property is this?
    Multifamily property - Profitable 2-Story Apartment Building in Hialeah, FL
    Where is this multifamily property located?
    The property is located at 620 29Th St Hialeah, FL.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: $1,800,000 asking price for this multifamily investment opportunity.; 2-story, 2020-built apartment building in Hialeah, FL.; All-block construction with hurricane impact windows and doors, and a new roof.
    Request Owner's contact information
    620 29Th St Hialeah, FL 33012
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    Hialeah, FL 33012
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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
    620 29Th St Hialeah, FL 33012
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