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10 W 53rd Ter 0.3 Acres of Commercial Land Offered at $1,400,000 in Hialeah, FL 33012
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $1,400,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.30 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | R-3-3 - Medium Density Residential MultiFamily- up to 3 stories | ||
| Price | $1,400,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.30 AC |
| No. Stories | 1 |
| Zoning | R-3-3 - Medium Density Residential MultiFamily- up to 3 stories |
1 LOT AVAILABLE
Lot
| Price | $1,400,000 | Lot Size | 0.30 AC |
| Price Per AC | $4,651,162.79 |
| Price | $1,400,000 |
| Price Per AC | $4,651,162.79 |
| Lot Size | 0.30 AC |
Plans are approved for a 4 unit, it can be amended for up to a 12 unit.
DESCRIPTION
Development Potential: approved plans: 4 units, each with 3 bedrooms and 2 bathrooms (1,600 sq ft per unit) Potential income $14,000 per month Maximum potential: (plans can be modified)to up to 12 units . Additional Considerations: Appreciation: Plans include 8 parking spaces, which may need to be increased if the number of units is maximized. Rental market: Research the local rental market to determine demand for 3/2 units and potential rental rates. Overall, this property offers significant potential for investors looking to capitalize on the growing demand for multifamily housing. Current State: Main house: 4 bedrooms, 3 bathrooms (potential rental income) Efficiency unit: 1 bedroom, 1 bathroom Land: 13,127 sq ft corner lot
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10 W 53rd Ter
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