10 W 53rd Ter, Hialeah, FL 33012

$1,500,000 Asking Price

4 beds
3 baths
1,575  sqft
Built in 1952

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

Features & Amenities

Interior

General:
First Floor Entry, Closet Cabinetry, Pantry, Attic, Family Room, Separate Guest/In-Law Quarters, Utility Room/Laundry
Appliances:
Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
Laundry:
Utility Room/Laundry
Flooring:
Tile
A/C:
true, Central Air
Heating:
true, Central

Exterior

General:
Extra Building/Shed
Style:
Detached, One Story, Ranch
Parking:
Circular Driveway, Driveway

Construction

Roofing:
Shingle
Windows:
Complete Impact Glass
General:
CBS Construction

Location

Originating MLS:
Miami Association of REALTORS®
County:
Miami-Dade County

Lot

Zoning:
4400, PALM SPRINGS AMD PB 53-22 LOT 1 BLK 8 LOT SIZE 96.520 X 136 OR 19829-2334 0801 1 COC 24443-0096 04 2006 1, 04-21-31-001-1590
View:
Garden
Fencing:
Fenced

Utilities

Utilities:
Circuit Breakers
Water:
Municipal Water
Sewer:
Public Sewer

Financial

Source:
Miami Association of REALTORS®

This listing courtesy of:
RE/MAX Advance Realty II, Ileana Rodriguez

About Hialeah, FL

Housing

Number of Units
118,947
Median Home Value
$293,340
Median Rent
$1,206

50.15% of housing units are renter occupied.

3.35% are vacant.

Commute

Car
66.82%
Public Transportation
1.12%
Walk to Work
0.69%
Work from Home
30.51%
Other
0.58%

The median travel time to work is 24 minutes.

People

Population
343,759
Median Age
44.50
Median Household Size
3.13

Education

High School
30.54%
Associate’s Degree
9.29%
Bachelor’s Degree
15.54%
Graduate Degree
6.89%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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