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Hialeah Duplex 971 E 18th St 2 Unit Apartment Building $799,000 ($399,500/Unit) 6.80% Cap Rate Hialeah, FL 33013
EXECUTIVE SUMMARY
Great property in East Hialeah. Downstairs has 4 bedrooms & 2 bathrooms. Upstairs has 2 bedrooms & 1 bathroom. Bathrooms, kitchen, All Flooring redone less than 24 months ago in Italian porcelain. New washer, dryer & kitchen appliances. Large backyard with concrete patio in back with cover & planters to divide backyard. Large shed & carport. Fully fenced property. 2 well maintained AC units. Live in one unit & rent the other. Downstairs generates $3,300 per month & upstairs generates $2,500 per month. Separate meters with a master meter. All Cast iron plumbing changed to PVC. No HOA fees. Leases Expire on April 2026 (downstairs) & Dec 2025 (upstairs). Fruit trees in back. Larger than tax roll, 2,800 SF approx. NOI report attached, 6.1% cap rate if both units rented.
PROPERTY FACTS
| Price | $799,000 | Apartment Style | Low-Rise |
| Price Per Unit | $399,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 6.80% | Building Size | 2,345 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1949/2024 |
| Zoning | 0100 | ||
| Price | $799,000 |
| Price Per Unit | $399,500 |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 2,345 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1949/2024 |
| Zoning | 0100 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $3,300 | 1,450 |
| 4+2 | 1 | $2,500 | 2,250 |
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Hialeah Duplex | 971 E 18th St
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