Price Reduced 6.67%

$1,400,000

Est. Mortgage $6,987/mo *

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Price History

$1,500,000
8/4/2024

$1,400,000
2/21/2025

10 W 53rd Ter, Hialeah, FL, 33012

10 W 53rd Ter, Hialeah, FL, 33012
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Development Potential: approved plans: 4 units, each with 3 bedrooms and 2 bathrooms (1,600 sq ft per unit) Potential income $14,000 per month Maximum potential: (plans can be modified)to up to 12 units . Additional Considerations: Appreciation: Plans include 8 parking spaces, which may need to be increased if the number of units is maximized. Rental market: Research the local rental market to determine demand for 3/2 units and potential rental rates. Overall, this property offers significant potential for investors looking to capitalize on the growing demand for multifamily housing. Current State: Main house: 4 bedrooms, 3 bathrooms (potential rental income) Efficiency unit: 1 bedroom, 1 bathroom Land: 13,127 sq ft corner lot

Status:

Active

Type:

Land (Multi Family)

Zoning:

4400

Subdivision:

PALM SPRINGS AMD

Acreage:

0.32

Est. Taxes:

$4,939

Utilities

Cable Available,Electricity Available,Phone Available,Sewer Available,Trash Collection

Lot Description:

<1 Acre

View Description:

Canal

Waterfront:

Yes

Days on Market:

201

MLS #:

A11635359

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of RE/MAX ADVANCE REALTY II Phone: 305-251-2127