About This Home
This 0-bedroom, 0-bathroom commercial at 85 W 28th St in Hialeah, FL is listed for $1,615,000. Built in 1971, on a 0.15 acres lot.
Key Features
- Built in 1971
- 0.15 acre lot
- 2 stories
- 10 parking spaces
Property Details
Amenities
This well-maintained, 2-story building with 4,905 sq ft of living space sits on a 6,450 sq ft lot and was built in 1971. Key updates include a 1 year old roof, security cameras and impact windows. The property features a mix of four 1BD/1BA units and four 2BD/1BA units.
It is 100% occupied on flexible month-to-month leases, offering an ideal opportunity for rent optimization in a market with consistent year-over-year growth. Annual Gross Income: $124,800 - Operating Expenses: $49,000 - Net Operating Income (NOI): $75,800 GRM 13.62 (4.69% cap rate at asking price) - Pro Forma Potential: Immediate 5-10% rent upside due to below-market rates and strong local demand. DO NOT DISTURB THE TENANTS.
Monthly Cost Estimate
$8,637/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
85 W 28th St
Hialeah, FL 33010
Property Details
Flooring
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 85 W 28th St is listed at $1,615,000. The estimated monthly payment is $8,637 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1971, 0.15 acre lot, 2 stories, 10 parking spaces.
This property is listed by Saul Milian and can be reached at 3052987079.
