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Property profile

50 40Th Pl Hialeah, FL 33012

OFF-MARKET
Apartment buildings
Property ID
US18-0377496
Built 1940
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Property summary

AI-generated overview

This charming 1940-built, two-story duplex in Hialeah, Florida, presents a fantastic investment opportunity. Located at 50 W 40th Pl, 33012, within Miami-Dade County, this multifamily property is priced at $649,999. The property boasts a sizable lot, offering potential for expansion. Each unit benefits from separate electric and water meters, simplifying utility management and potentially increasing rental income. The property is further enhanced by the presence of numerous fruit trees, adding to its appeal and potential for additional income streams. This duplex represents a solid investment in a desirable location, offering both immediate income generation and long-term growth potential. The property's age suggests potential for renovation and value enhancement, while the existing structure provides immediate cash flow. The separate utilities contribute to efficient management and potentially higher rental yields. The large lot provides significant expansion possibilities, allowing for future development or additional rental units. This is a rare opportunity to acquire a well-located, income-generating property with significant upside potential in a thriving Florida market. Don't miss this chance to add a valuable asset to your investment portfolio.

Property profile

Verified
Property type Apartment buildings
Year built 1940
UPID US18-0377496

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

50 40Th Pl Hialeah, FL 33012
Hialeah metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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