1015 Palm Ave

    Hialeah, FL 33010
    • $1,690,000
    • STATUS: Active
    • ON SITE: 34 days
    • MLS #: A10641764
    UPDATED: 56 min ago
    $1,690,000
    • 0
      BEDS
    • 0.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    31
    Type:
    Commercial
    Built:
    1947
    County:
    Area:
    31

    School Ratings & Info

    Description

    16-Unit multifamily in an Opportunity Zone on a commercial-zoned corner lot. Located in a prime Hialeah commercial district with frontage on Palm Ave and East 10th St. The zoning is C-2 (Liberal retail commercial) and the property is located within the EHDUC (Hialeah downtown urban center district). Possible development or adaptive re-use includes hotel, motel, ALF, retail, commercial, or mixed-use. Short term rentals are also allowed. Build up to 6 stories or 70 ft. on this lot. This is essentially a covered land play with existing cash flow in place. The property is fully occupied and producing gross income of over $15,000/mo with an opportunity to increase rents in the future. This is an extremely low vacancy rental market. Features assumable Fannie Mae debt at 3.45% fixed.

    Monthly Payment Calculator



    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-04-23T07:40:56.207.
    www.mariamurdockgroup.com/homes/92840041

    1015 Palm Ave Hialeah, FL 33010

    • Price: $1,690,000
    • Status: Active
    • Updated: 56 min ago
    • MLS #: A10641764
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.31
    Acres
    1947
    Built
    Neighborhood:
    31
    County:
    Miami-Dade
    Area:
    31
    Property Description
    16-Unit multifamily in an Opportunity Zone on a commercial-zoned corner lot. Located in a prime Hialeah commercial district with frontage on Palm Ave and East 10th St. The zoning is C-2 (Liberal retail commercial) and the property is located within the EHDUC (Hialeah downtown urban center district). Possible development or adaptive re-use includes hotel, motel, ALF, retail, commercial, or mixed-use. Short term rentals are also allowed. Build up to 6 stories or 70 ft. on this lot. This is essentially a covered land play with existing cash flow in place. The property is fully occupied and producing gross income of over $15,000/mo with an opportunity to increase rents in the future. This is an extremely low vacancy rental market. Features assumable Fannie Mae debt at 3.45% fixed.
    Exterior Features

    Num Loading Doors 0 Num Parking Spaces 9 Parking Description Common Parking Waterfront Property Yn No

    Interior Features

    Interior Ceiling Height 9.0000 Maximum Ceiling Height 9.0000 Num Offices 1

    Property Features

    Approximate Lot Size 13500 Electric Service Separate Meters Flood Zone AhX Lease Term Info 1 To 3 Year Lease Num Bays 0 Section 18 Tax Amount 9088 Tax Year 2018 Terms Considered All CashAssumptionConventional/RefinanceSecondary Financing

    Listing courtesy of Sigma Real Estate & Investment.


    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-04-23T07:40:56.207.
     
    The Maria Murdock Group | EWM Realty International
    550 South Dixie Highway
    Coral Gables FL, 33146