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Cabana Hialeah Multi-Family 508 W 1st Ave 53 Unit Apartment Building $7,500,000 ($141,509/Unit) Hialeah, FL 33010
Investment Highlights
- Convenient location near major expressways, Miami International Airport, and dense commercial hubs.
- Prime corner lot offering superior visibility and accessibility in central Hialeah.
Executive Summary
This is a prime income-producing property with flexible financing terms – perfect for investors looking for a high-potential asset in a growing market. Open to seller financing.
Building Size: 9,474 sqft
Lot Size: 6,750 sqft
Stories: 2
Corner Lot: Maximum visibility and accessibility
Unit Breakdown:
43 units with shared bathrooms
9 units with private bathrooms
1 two-bedroom apartment with full kitchen & bathroom
Building Size: 9,474 sqft
Lot Size: 6,750 sqft
Stories: 2
Corner Lot: Maximum visibility and accessibility
Unit Breakdown:
43 units with shared bathrooms
9 units with private bathrooms
1 two-bedroom apartment with full kitchen & bathroom
Property Facts
| Price | $7,500,000 | Building Class | C |
| Price Per Unit | $141,509 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 9,926 SF |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| No. Units | 53 | Year Built | 2022 |
| Property Type | Multifamily | Parking Ratio | 0.45/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | 6100 - Industrial | ||
| Price | $7,500,000 |
| Price Per Unit | $141,509 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 53 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 9,926 SF |
| No. Stories | 2 |
| Year Built | 2022 |
| Parking Ratio | 0.45/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 6100 - Industrial |
Amenities
Unit Amenities
- Cable Ready
- Microwave
- Refrigerator
- Tub/Shower
- Wi-Fi
- Window Coverings
Site Amenities
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 43 | - | 300 |
| 1+1 | 9 | - | 500 |
| 2+1 | 1 | - | 700 |
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 04-3118-001-2200 | Improvements Assessment | $1,228,750 |
| Land Assessment | $371,250 | Total Assessment | $1,600,000 |
Property Taxes
Parcel Number
04-3118-001-2200
Land Assessment
$371,250
Improvements Assessment
$1,228,750
Total Assessment
$1,600,000
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Cabana Hialeah Multi-Family | 508 W 1st Ave