Hialeah, FL 33010,985-987 SE 1st St
Hialeah, FL 33010,985-987 SE 1st St
Hialeah, FL 33010,985-987 SE 1st St
21
$605,000
$589,000
2.7%
Est.Price: ?

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2,012 SqFt

985-987 SE 1st St Hialeah, FL 33010

Est. payment /mo
SOLD DATE : 03/11/2024

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Elena Krasnopolski-Harilaou

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Key Details

Sold Price $605,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,012 sqft

Price per Sqft $300

Subdivision Hialeah 54Th Street Addn

MLS Listing ID A11472274

Sold Date 03/11/24

Construction Status Resale

HOA Y/N No

Year Built 1958

Annual Tax Amount $6,491

Tax Year 2022

Contingent Other

Property Description

Introducing a Hialeah gem! This duplex, situated at the end of a cul-de-sac, awaits your vision. Unit 1 offers 2 bedrooms and 1 bathroom, while Unit 2 boasts 3 bedrooms and 2 bathrooms, both currently leased below market value. Huge upside potential: These units are ready for your creative touch, offering the potential to unlock their true value. With market rents in the area soaring to $2,400 for the 2/1 and $3,200 for the 3/2, your investment possibilities are limitless. Estimated pro-forma cap rate of 8-10%. Whether you're a seasoned investor looking to maximize rental income or a homeowner seeking additional income from one of the units, this property fits the bill perfectly.

Location

State FL

County Miami-dade County

Community Hialeah 54Th Street Addn

Area 31

Interior

Heating Central, Electric

Cooling Central Air, Ceiling Fan(s), Electric

Flooring Tile

Exterior

Pool None

Utilities Available Cable Available

Roof Type Shingle

Total Parking Spaces 4

Building

Lot Description < 1/4 Acre

Story 1

Sewer Public Sewer

Level or Stories One

Structure Type Block

Construction Status Resale

Others

Tax ID 04-31-20-041-0040

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

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Listed by Compass Florida, LLC.
Bought with Prestige Luxury Realty LLC

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agent

Elena Krasnopolski-Harilaou

Agent | License ID: 3386081

+1(206) 250-4003

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