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Investment Highlights
- 14-Unit Multifamily Investment in Hialeah/Miami Lakes, featuring ten 2BR/1.5BA units and four 3BR/2BA units in one of Miami-Dade's strongest workforce
- Strategically Located Near Major Employment Hubs, with immediate access to SR-826, I-75, the Florida Turnpike, US-27, and the Medley industrial area
- Premier South Florida Multifamily Opportunity offering stable cash flow, strong occupancy fundamentals, and long-term appreciation potential
- High-Demand Rental Asset with spacious floor plans, separately metered electric, and long-term apartment demand driven by the growing affordability
- Walkable to Bucky Dent Park and Minutes from Westland Mall Redevelopment, positioning the property to benefit from ongoing neighborhood investment
Executive Summary
14-Unit Multifamily Investment Opportunity in Hialeah / Miami Lakes
Sea Grove is pleased to present this well-maintained 14-unit multifamily property located in the highly sought-after Hialeah/Miami Lakes submarket, one of South Florida's most established rental housing markets. The property features a desirable mix of ten spacious 2-bedroom, 1.5-bath units and four 3-bedroom, 2-bath units, catering to the area's strong demand for family-oriented workforce housing.
The asset benefits from separately metered electric service for each residence, efficient operations, and large floor plans that continue to attract long-term tenants. Positioned near major employment hubs, transportation corridors, retail centers, and recreational amenities, the property offers investors stable in-place income with the potential to benefit from ongoing population growth and increasing rental demand throughout Miami-Dade County.
Located just minutes from the Palmetto Expressway (SR-826), I-75, Florida's Turnpike, and Okeechobee Road (US-27), the property provides exceptional connectivity to the region's industrial, logistics, healthcare, and commercial employment centers. Nearby redevelopment initiatives, including the planned transformation of Westland Mall into a mixed-use destination, further strengthen the area's long-term investment outlook.
This offering represents a rare opportunity to acquire a well-located, income-producing multifamily asset in a market characterized by limited housing supply, strong renter demand, and favorable long-term demographic trends.
Sea Grove is pleased to present this well-maintained 14-unit multifamily property located in the highly sought-after Hialeah/Miami Lakes submarket, one of South Florida's most established rental housing markets. The property features a desirable mix of ten spacious 2-bedroom, 1.5-bath units and four 3-bedroom, 2-bath units, catering to the area's strong demand for family-oriented workforce housing.
The asset benefits from separately metered electric service for each residence, efficient operations, and large floor plans that continue to attract long-term tenants. Positioned near major employment hubs, transportation corridors, retail centers, and recreational amenities, the property offers investors stable in-place income with the potential to benefit from ongoing population growth and increasing rental demand throughout Miami-Dade County.
Located just minutes from the Palmetto Expressway (SR-826), I-75, Florida's Turnpike, and Okeechobee Road (US-27), the property provides exceptional connectivity to the region's industrial, logistics, healthcare, and commercial employment centers. Nearby redevelopment initiatives, including the planned transformation of Westland Mall into a mixed-use destination, further strengthen the area's long-term investment outlook.
This offering represents a rare opportunity to acquire a well-located, income-producing multifamily asset in a market characterized by limited housing supply, strong renter demand, and favorable long-term demographic trends.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,340,000 | Apartment Style | Low-Rise |
| Price Per Unit | $310,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 5% | Building Size | 12,894 SF |
| Gross Rent Multiplier | 11.3 | No. Stories | 2 |
| No. Units | 14 | Year Built | 1989 |
| Property Type | Multifamily | Parking Ratio | 1.86/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-3 - Multi Family 10 Units Plus | ||
| Price | $4,340,000 |
| Price Per Unit | $310,000 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 11.3 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 12,894 SF |
| No. Stories | 2 |
| Year Built | 1989 |
| Parking Ratio | 1.86/1,000 SF |
| Zoning | R-3 - Multi Family 10 Units Plus |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Ceiling Fans
- Tile Floors
- Refrigerator
- Tub/Shower
- Yard
- Family Room
Site Amenities
- Fenced Lot
- Laundry Facilities
- Tenant Controlled HVAC
- Storage Space
- Public Transportation
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 10 | $2,200 | 774 |
| 3+2 | 4 | $2,500 | 1,050 |
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Very walkable
80/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 04-2034-083-1220 | Total Assessment | $2,900,000 (2025) |
| Land Assessment | $884,796 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,015,204 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
04-2034-083-1220
Land Assessment
$884,796 (2025)
Improvements Assessment
$2,015,204 (2025)
Total Assessment
$2,900,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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