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1015 Palm Ave
Hialeah, FL 33010
Multifamily Property For Sale
·
16 Units
Property Facts
| No. Units | 16 | Lot Size | 0.31 AC |
| Property Type | Multifamily | Building Size | 5,436 SF |
| Property Subtype | No. Stories | 1 | |
| Apartment Style | Low-Rise | Year Built | 1947 |
| Building Class | C | ||
| Zoning | 6400 | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 5,436 SF |
| No. Stories | 1 |
| Year Built | 1947 |
| Zoning | 6400 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Range
About 1015 PALM AVE , HIALEAH, FL 33010
16-Unit multifamily in an Opportunity Zone on a commercial zoned corner lot. Located in a prime Hialeah commercial district with frontage on Palm Ave and East 10th St. The zoning is C-2 (Liberal retail commercial) and the property is located within the EHDUC (Hialeah downtown urban center district). Possible development or adaptive re-use includes hotel, motel, ALF, retail, commercial, or mixed-use. Short term rentals are also allowed. Build up to 6 stories or 70 ft. on this lot. This is essentially a covered land play with existing cash flow in place. The property is fully occupied and producing gross income of over $15,000/mo with an opportunity to increase rents inthe future. This is an extremely low vacancy rental market. Features assumable Fannie Mae debt at 3.45% fixed.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 15 | - | - |
| 1+1 | 1 | - | - |
Property Taxes
| Parcel Number | 04-3118-003-0890 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,716,000 |
Property Taxes
