60 12Th St Hialeah, FL 33010
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 60 12Th St
- Year built
- 1972
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity presents a four-unit apartment building plus an efficiency unit located in Hialeah, Florida, at 60 W 12th St, 33010. Built in 1972, this two-story property offers significant upside potential. The property comprises two buildings; a main house with a private backyard and a secondary building with three units sharing a backyard. Currently, three units and the efficiency are on month-to-month leases, with rents significantly below market value due to long-term tenancy. New ownership can capitalize on this by adjusting rents to market rates. Each unit has its own Florida Power & Light (FPL) meter, and there's an additional meter for common areas with a low monthly cost (under $50). Both buildings have undergone their 40-year recertification, with one building also having completed its 10-year inspection. The main house requires its 10-year inspection in 2025. This property is priced at $1,647,000 and presents a compelling opportunity for investors seeking strong returns in a desirable location. The property's solid foundation and existing tenant base provide a stable income stream with room for substantial growth.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hialeah
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2828536
- Latitude
- 25.8322648
