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- LoopNet Team
390 E 16th St
Hialeah, FL 33010
Hialeah Park Apartments
· Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Recently Painted
- Close to Metro Rail Station
- Close to Shops, Schools & Restaurants
- 40 Year Recertification Completed
- Upside Rents
PROPERTY FACTS
| No. Units | 6 | Building Size | 6,750 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1953 |
| Building Class | C | Tenancy | Single |
| Lot Size | 0.15 AC | ||
| Zoning | B-1 - Multi Family | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,750 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1953 |
| Tenancy | Single |
| Zoning | B-1 - Multi Family |
ABOUT 390 E 16TH ST , HIALEAH, FL 33010
Jorge Ruiz is please to present 390 East 16 Street Hialeah, Fl. 33010 a one-story six-unit apartment rental building built in 1953 of CBS. The property is on a corner lot directly on East 4 Ave with a lot size that measures 135 x 50 or 6,750 square feet. The property has a unit mix of five efficiencies and one large one bedroom one bathroom with an average unit size of 303 square foot and a total adjusted building size of 1,818 square foot zoned B-1 for mixed-use retail sales and services. A investor can purchase this building with 25% down payment and potentially achieve a double digit cash on cash of 10%-11% with hands on management raising rents up to market.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | $675.00 | 300 |
| 1+1 | 1 | $1,300 | 500 |
PROPERTY TAXES
| Parcel Number | 04-3118-003-4600 | Improvements Assessment | $454,950 |
| Land Assessment | $371,250 | Total Assessment | $826,200 |
PROPERTY TAXES
