674 29Th St Hialeah, FL 33012
This exceptional four-unit apartment building, located at 674 W 29th St, Hialeah, FL 33012, presents a golden investment opportunity in a prime location. Built in 1958, this single-story property boasts a total of 2,114 square feet and features four one-bedroom, one-bathroom units. Each unit benefits from independent water and FPL meters, offering efficient utility management. The property has recently undergone significant improvements, including a new roof and a newly updated sewer line, ensuring long-term value and minimizing maintenance concerns. Currently, all four units are rented on a month-to-month basis, providing immediate cash flow and the flexibility to adjust rental rates as market conditions dictate. Tenants enjoy a spacious patio area enhanced by mature fruit trees, adding to the property's appeal. Its convenient location, minutes from highly-rated schools, shopping centers, supermarkets, and the Hialeah Casino, ensures strong tenant demand and long-term occupancy. This property is ideally suited for investors seeking a stable, income-generating asset in a thriving Miami-Dade County market. The asking price is $900,000.
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.