329 18 St ,Other, Triplex, Hialeah 9th Addn for Sale

329 18 St for Sale

Price $925,000.00

• Lot size 2246
• Year Build 1965
• Waterfront
• Zip 33010
• Style Other
• Parking Description
• Pool Yes
• Status Active

Description

INCOME-PRODUCING PROPERTY FOR SALE IN HIALEAH. The three Units are 100% occupied w/same tenants for years & collect a steady, stable income. Three units are 2 bed/1 bath, and 1-unit is a studio w/a bathroom. All of the units are fully renovated & beautifully improved. Major renovations to the building & the units include impact windows & doors; new kitchens & floors; new bathrooms; plumbing & electrical renovations; a Roof, HVAC Units, and water Heaters. The building has ample parking w/2 spaces per door. All tenants are on M2M leases & pay rent on time as agreed. This is the perfect property for an investor seeking a steady stream of income. The property is located in the Highest Rental Demand Miami-area Submarkets with the lowest vacancy rates.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11429675 Income: Unit 1 2 bed, 1 bath $2,500 monthly Unit 2 2 bed, 1 bath $2,200 monthly Unit 3 0 bed, 1 bath $1,100 Monthly Total Gross Operating Income: $5,800 monthly (-) Operating Expenses: $629.08 (=) Net Operating Income (NOI): $5,170.92 CAP Rate: 6.3%

7 53 41 HIALEAH 9TH ADD PB 9-44 LOT 20 BLK 111 LOT SIZE 40.000 X 129 OR 12604-418 0285 4

Less Than 1/4 Acre Lot

INCOME-PRODUCING PROPERTY FOR SALE IN HIALEAH. The three Units are 100% occupied w/same tenants for years & collect a steady, stable income. Three units are 2 bed/1 bath, and 1-unit is a studio w/a bathroom. All of the units are fully renovated & beautifully improved. Major renovations to the building & the units include impact windows & doors; new kitchens & floors; new bathrooms; plumbing & electrical renovations; a Roof, HVAC Units, and water Heaters. The building has ample parking w/2 spaces per door. All tenants are on M2M leases & pay rent on time as agreed. This is the perfect property for an investor seeking a steady stream of income. The property is located in the Highest Rental Demand Miami-area Submarkets with the lowest vacancy rates.

City:Hialeah,Zoning:5400,Heating:1:Electric,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2022,Flooring:1:Vinyl,2:Wood,Latitude:25.8381378,Cooling Y N:1,Heating Y N:1,List Price:925000,Listing Id:A11429675,Longitude:-80.2885648,Mls Status:Active,Year Built:1965,Living Area:2054,Postal Code:33010,Street Name:18 St,Coordinates:1:25.8381378,Photos Count:14,Building Name:HIALEAH 9TH ADDN,Days On Market:26,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M L S Area Major:Hialeah 9th Addn,On Market Date:2023-08-02,Parcel Number:04-31-07-002-0490,Parking Total:6,Property Type:Residential Income,Rent Includes:1:Sewer,Stories Total:1,Street Number:329,M I A M I R E_ Style:Triplex,Public Remarks:INCOME-PRODUCING PROPERTY FOR SALE IN HIALEAH. The three Units are 100% occupied w/same tenants for years & collect a steady, stable income. Three units are 2 bed/1 bath, and 1-unit is a studio w/a bathroom. All of the units are fully renovated & beautifully improved. Major renovations to the building & the units include impact windows & doors; new kitchens & floors; new bathrooms; plumbing & electrical renovations; a Roof, HVAC Units, and water Heaters. The building has ample parking w/2 spaces per door. All tenants are on M2M leases & pay rent on time as agreed. This is the perfect property for an investor seeking a steady stream of income. The property is located in the Highest Rental Demand Miami-area Submarkets with the lowest vacancy rates.,County Or Parish:Miami-Dade County,Expiration Date:2025-08-02,List Office Name:Cruz Commercial Realty, LLC,Standard Status:Active,Window Features:1:Impact Glass,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:2528,Property Sub Type:Triplex,State Or Province:FL,Street Dir Prefix:W,Subdivision Name:HIALEAH 9TH ADDN,Tax Annual Amount:5389,Total Actual Rent:69600,Unparsed Address:329 W 18 St, Hialeah FL 33010,Listing Agreement:Exclusive Right To Sell,Operating Expense:7549,Year Built Details:Effective Year Built,Building Area Total:2246,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:477.1178,Original List Price:1100000,Previous List Price:1100000,Public Survey Range:31,I D X Participation Y N:1,Net Operating Income:62051,Number Of Units Total:3,Syndication Remarks:INCOME-PRODUCING PROPERTY FOR SALE IN HIALEAH. The three Units are 100% occupied w/same tenants for years & collect a steady, stable income. Three units are 2 bed/1 bath, and 1-unit is a studio w/a bathroom. All of the units are fully renovated & beautifully improved. Major renovations to the building & the units include impact windows & doors; new kitchens & floors; new bathrooms; plumbing & electrical renovations; a Roof, HVAC Units, and water Heaters. The building has ample parking w/2 spaces per door. All tenants are on M2M leases & pay rent on time as agreed. This is the perfect property for an investor seeking a steady stream of income. The property is located in the Highest Rental Demand Miami-area Submarkets with the lowest vacancy rates.,Listing Contract Date:2023-08-02,Originating System I D:miamire,Public Survey Section:7,Showing Instructions:Appointment Only,Call Listing Agent,Street Number Numeric:329,Tax Legal Description:7 53 41 HIALEAH 9TH ADD PB 9-44 LOT 20 BLK 111 LOT SIZE 40.000 X 129 OR 12604-418 0285 4,Public Survey Township:31,Construction Materials:1:CBS Construction,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:3.0%,M I A M I R E_ Adjusted Area S F:2118,Contract Status Change Date:2023-08-02,Internet Address Display Y N:1,Number Of Units In Community:3,M I A M I R E_ Ok To Advertise List:No,Transaction Broker Compensation:3.0%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:477.12,