179 W 9th St - Apartments FOR SALE


Hialeah, FL 33010
$2,999,000 USD
305-726-0100
179 W 9th St, Hialeah, FL for Sale
$2,999,000 USD
Apartments - FOR SALE
1/30
null | 5.29% Cap Rate

179 W 9th St
Hialeah, FL 33010


OVERVIEW

This 14-unit multi-family building is located in one of the best areas in West Hialeah. The property is in excellent condition with long-standing tenants, fully occupied. There are eight 1-bedroom units, 5 studio units and one 2-bedroom/1 bath unit. The 50-year Recertificatioon was passed and completed in 2024. Potential to increase monthly rental rates to market rents which indicate should be $1,750 per month for 1-bedrooms and $1,350 per month for studios. There is extremely low turnover and almost no vacancy on this property. Utility room onsite where a Washer/Dryer are located and currently collecting rent, about $70 per month. All units have separate electric meters.

FOR SALE DETAILS

PRICE

$2,999,000 USD

PRICE/SF

$327 USD /SF

# OF UNITS

14

PRICE/UNIT

$214,214

CAP RATE

5.29%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,251 SF

ZONING

CR

APN/PARCEL ID

04-3118-001-4921

ASK ABOUT THIS PROPERTY

David VazquezDouglas EllimanMore Info
305-726-0100

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David VazquezDouglas EllimanMore Info
305-726-0100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.