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Property profile & analytics
OFF-MARKET
Commercial land

65 7th St Hialeah, FL 33010-4307

1,406 SF 0.15 ac lot Built 1925
Entity Owned 4-yr Hold Free & Clear
Property ID
US18-3866791
Property summary
AI-generated overview

This exceptional 7-unit multifamily development opportunity is located in desirable West Hialeah, Florida, at 65 W 7th St, 33010. Priced aggressively at $550,000, this cleared lot is ready for immediate construction. The property has already undergone the rezoning process and received all necessary approvals for a seven-unit building, eliminating significant pre-construction hurdles and saving valuable time and resources. Situated in a prime location within West Hialeah, the land benefits from its proximity to key amenities and the vibrant city center. The surrounding area is characterized by existing multifamily developments, indicating strong market demand and potential for high occupancy rates. This presents a unique chance to capitalize on the thriving Hialeah real estate market and build a profitable multifamily property. The lot's cleared status further streamlines the construction process, allowing for a swift and efficient project timeline. This is an excellent investment opportunity for developers seeking a turnkey project in a high-growth area. The property's location in Miami-Dade County, Florida, offers access to a robust infrastructure and a large pool of potential tenants. Don't miss this chance to acquire a fully approved development site in a prime location.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1925
Construction TYPE NOT SPECIFIED
Total area 1,406 SF
Lot 0.15 ac (6,750 SF)
Zoning code 3900:MULTI-FAM,38-62 U/A
APN 04-3118-001-3660
UPID US18-3866791
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Rhm Development LLC · 4 yrs held
Rhm Development LLC
since 2021
Last sale
$375,000
3 recorded transactions
2021
$375,000
2021
$250,000
2020
Price N/A
Zoning & alternative use
3900:MULTI-FAM,38-62 U/A · Hialeah, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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