492 28Th St Hialeah, FL 33013
This exceptional fourplex in desirable West Hialeah presents a rare investment opportunity. Located near the Hialeah Casino and convenient to shopping and major highways, this property boasts four units, each with its own water and FPL meter. The legal fourplex features a central courtyard and offers over 3,000 square feet of living space on a lot exceeding a quarter-acre. Currently, two units are on month-to-month leases, while the remaining two have leases of 10 and 6 months respectively. Detailed unit information and floor plans are available. This property's prime location and substantial size make it an attractive investment for both income generation and potential redevelopment. The corner lot zoning allows for expansion up to nine units, presenting significant upside for developers seeking to maximize their return. Built in 1952, this single-story building represents a solid foundation for immediate income and future growth. The asking price is $1,080,000. Don't miss this chance to acquire a highly sought-after multifamily property in a thriving area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
No recorded transactions found for this property.
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.