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909 E 24th St 12 Unit Apartment Building $4,800,000 ($400,000/Unit) 5.10% Cap Rate Hialeah, FL 33013
Investment Highlights
- ATTRACTIVE UNIT MIX WITH ONLY 2BR UNITS
- WALKING DISTANCE TO METRORAIL AND TRI RAIL
- NEW CONSTRUCTION
Executive Summary
• ATTRACTIVE UNIT MIX WITH ONLY 2BR UNITS
• EXCELLENT LOCATION ONLY FOOTSTEPS FROM TRI-RAIL & METRORAIL AS WELL AS THE HIALEAH HOSPITAL
• WELL-BUILT NEW CONSTRUCTION PROPERTY
• COVERED PARKING AREA FOR ALL RESIDENTS
• EXCELLENT, HIGH-END FINISHES
• EXCELLENT LOCATION ONLY FOOTSTEPS FROM TRI-RAIL & METRORAIL AS WELL AS THE HIALEAH HOSPITAL
• WELL-BUILT NEW CONSTRUCTION PROPERTY
• COVERED PARKING AREA FOR ALL RESIDENTS
• EXCELLENT, HIGH-END FINISHES
Financial Summary (Actual - 2024) 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 (Actual - 2024) 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 | $4,800,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $400,000 | Building Class | A |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 5.10% | Building Size | 22,201 SF |
| Gross Rent Multiplier | 13 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | ||
| Zoning | 0100 | ||
| Price | $4,800,000 |
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| Cap Rate | 5.10% |
| Gross Rent Multiplier | 13 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.18 AC |
| Building Size | 22,201 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2024 |
| Zoning | 0100 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 12 | $2,600 | 900 |
1 1
Walk Score®
Very Walkable (75)
Property Taxes
| Parcel Number | 04-3108-002-2400 | Total Assessment | $226,899 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
04-3108-002-2400
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$226,899 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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909 E 24th St
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