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1355 W 44th Pl
Hialeah, FL 33012
Las Terrazas · Multifamily Property For Sale
·
90 Units
Investment Highlights
- 90-unit concrete multifamily asset on nearly 3 acres in Hialeah, a high-demand, supply-constrained rental submarket
- Clear value-add opportunity: renovated units achieving ~$447 rent premiums with ~27% projected ROI on remaining units
- Large two- and three-bedroom units averaging 1,000+ SF with near-full occupancy and ~$2,158 average rents
- Strong location & fundamentals near West 49th Street retail corridor with balconies, central A/C, and 2.1 parking ratio
Property Facts
| No. Units | 90 | Building Size | 115,638 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1973 |
| Building Class | C | Parking Ratio | 1.8/1,000 SF |
| Lot Size | 2.93 AC | ||
| Zoning | R-3-2, 4300 - Multifamily | ||
| No. Units | 90 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.93 AC |
| Building Size | 115,638 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.8/1,000 SF |
| Zoning | R-3-2, 4300 - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 750 |
| 2+1 | 52 | - | 1,000 |
| 2+2 | 18 | - | 1,000 |
| 3+2 | 12 | - | 1,200 |
Property Taxes
| Parcel Number | 04-3002-022-0010 | Improvements Assessment | $10,814,554 |
| Land Assessment | $3,705,446 | Total Assessment | $14,520,000 |
Property Taxes
Parcel Number
04-3002-022-0010
Land Assessment
$3,705,446
Improvements Assessment
$10,814,554
Total Assessment
$14,520,000
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