Property summary
This two-story duplex in Hialeah, Florida, presents a compelling investment opportunity. Priced at $500,000, this property boasts two 2-bedroom, 1-bathroom units situated on a sizable lot with a large backyard. Built in 1947, the building features a solid flat tile roof and hurricane accordion shutters on all windows, providing both durability and protection. The upper unit is currently updated and rentable, while the lower unit requires a complete renovation. The property's zoning, according to IMAPP Property Tax information, is 5400/PLAN UNIT DEVEL - DUPLEXE. However, potential buyers are responsible for verifying allowable improvements with city and county building officials. The property's convenient location is approximately 0.6 miles from the MetroRail station, adding to its appeal. Recent construction of similar multifamily units nearby further underscores the area's development potential. The property's current use is classified as 08/MULTIFAMILY 2-9 UNITS. Cash offers only. This is a rare opportunity to acquire a well-located duplex in a growing area. The property's potential for increased rental income after renovation makes it an attractive investment.
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