250 9th St Hialeah, FL 33010-4214
This exceptional development opportunity presents a prime 13,500 square foot double lot in Hialeah, Florida, with approved plans for an 18-unit multifamily building. The property, located at 250 E 9th St, Hialeah, FL 33010, is situated in a highly desirable area of Miami-Dade County. The approved plans allow for the construction of a four-story building, boasting a total of 18 units, ranging in size from a comfortable 733 square feet to a spacious 1,115 square feet. This represents a significant investment opportunity in a rapidly growing market. The property is offered at an asking price of $1,900,000. The project is ready to commence construction, offering a streamlined path to completion. The property's location within Hialeah ensures strong rental demand and potential for significant return on investment. This is a rare chance to acquire a fully permitted development site in a prime location, ready for immediate construction. The property's two parcels are identified by folios 04-3118-006-0780 and 04-3118-006-0790. Don't miss this chance to capitalize on this lucrative development opportunity. The building is slated for completion in 2024.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
6401:COMMERCIAL · Hialeah, FLHialeah. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.