Hialeah Multifamily Development
For Sale
Contact for pricing
10 W 53rd Ter, Hialeah, FL 33012
Approved plans for 4 units, potential for up to 12.
Property SizeContact for details
Lot Size0.30 Acres
Days on Market734
Property Features for 10 W 53rd Ter
General Information
Standard status
Active
Class
B
Lot size
0.30 Acres
Property subtype
Multifamily
Building Details
Units
12
Listing Agency:
RE/MAX Advance Realty
(305) 992-5626
Listed By:
Ileana Rodriguez · License #0392092
Source:
Crexi
Added: Aug 6, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:31AM
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 RE/MAX Advance Realty
Investment Insights
Based on property information with market context.
This property presents a development opportunity with approved plans for the construction of 4 units. Each unit is designed with 3 bedrooms and 2 bathrooms, offering approximately 1,600 square feet of living space per unit. The anticipated potential income is $14,000 per month based on the 4-unit plan. There is a possibility to modify the plans to maximize the development potential up to 12 units. The property currently includes a main house featuring 4 bedrooms and 3 bathrooms, presenting a potential rental income opportunity. Additionally, there is an efficiency unit with 1 bedroom and 1 bathroom. The property is situated on a 13,127 square foot corner lot. The approved plans include 8 parking spaces, which may need to be increased if the number of units is maximized. Research of the local rental market is recommended to determine demand for 3-bedroom, 2-bathroom units and potential rental rates. This property offers significant potential for investors looking to capitalize on the growing demand for multifamily housing.
Key Highlights
- Approved plans for 4 units, each with 3 bedrooms and 2 bathrooms (1,600 sq ft per unit).
- Development potential to modify plans for up to 12 units.
- 13,127 sq ft corner lot.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,170
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?
Residential land & home lot - Approved plans for 4 units, potential for up to 12.
Where is this residential land & home lot located?
The property is located at 10 W 53rd Ter Hialeah, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Approved plans for 4 units, each with 3 bedrooms and 2 bathrooms (1,600 sq ft per unit).; Development potential to modify plans for up to 12 units.; 13,127 sq ft corner lot.
