Frank Evans - Preferred Properties Int'l Realty, Inc Logo
$2,599,000
 $13,952 est/mo Sourced by Back At You

715 W 29th Street,Hialeah, FL 33012

Hialeah, FL 33012

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Description

Prime 8-Unit Multifamily Investment in Thriving Hialeah - Strong Cash Flow & Upside Potential! Seize this turnkey income producer at 715 W 29th St, Hialeah, FL 33012: a well-maintained 2-story, 5,332 sq ft apartment building on a 6,375 sq ft lot, built in 1968 with key updates including a 2019 roof, fully renovated bathrooms (last 3 years), and wall AC units in every apartment. Mix of 4 x 2BD/1BA and 4 x 1BD/1BA units, 100% occupied on flexible month-to-month leases, ideal for rent optimization in a market with YOY growth. Financial Highlights: Annual Gross Income: $171,120; Operating Expenses: $45,172; NOI: $125,948 (5% cap rate at asking price). Pro Forma Potential: Raise rents 5-10% immediately due to below-market rates and strong local demand. Located in Hialeah's vibrant core, minutes from major highways (I-95, Palmetto Expressway), Miami International Airport, and industrial hubs fueling job growth. No vacancies, deferred maintenance, or issues. Zero capex needs short-term. Perfect for 1031 exchanges, value-add plays, or long-term hold. Seller open to clean offers; quick close possible.

Details

MLS #B26007690
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1968
Days On Site161
Listing Provided BySavvy Avenue, LLC | Moe Mossa

Features

SQ Feet5,332
Story(s)2
Units8
Zoning6400
Acreage0.15

Exterior

Lot FeaturesLess Than One Acre, Less Than Quarter Acre

Parking

Parking FeaturesAccessible Parking, Common

Taxes

Tax Annual Amount18742

Area Information

StateFL
CountyMiami Dade
CityHialeah
Zip Code33012
Area30
Listing VS Median (in 33012)
Price:
$2,599,000
low | high
Med:
$225,000
100% of Average
sqft:
5,332
low | high
Med:
926
100% of Average
$ / sqft:
$487
low | high
Med:
$243
100% of Average
On site:
161
low | high
Med:
42
100% of Average
Sourced by Back At You

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Learn More About This Property

Frank Evans

Frank Evans

Preferred Properties Intl Realty Inc

BK3280715 (954) 684-6157frank@preferredpropertiesint.com
StateFL
CountyMiami Dade
CityHialeah
Zip Code33012
Area30
Listing VS Median (in 33012)
Price:
$2,599,000
low | high
Med:
$225,000
100% of Average
sqft:
5,332
low | high
Med:
926
100% of Average
$ / sqft:
$487
low | high
Med:
$243
100% of Average
On site:
161
low | high
Med:
42
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.949M - $3.248M
sqft: 3,500 - 6,500
Nearby Listings Property ImageNearby Listings Details
664 W 29th St 6 Property Photo 1
$2,000
664 W 29th St 6
Hialeah, FL 33012
664 W 29th Street 6 Property Photo 1
$2,000
664 W 29th Street 6
Hialeah, FL 33012
654 W 29th St 4 Property Photo 1
$2,000
654 W 29th St 4
Hialeah, FL 33012
654 W 29th Street 4 Property Photo 1
$1,800
654 W 29th Street 4
Hialeah, FL 33012
Listing Updated: August 31, 2026 at 8:31:38 PM PDT

Frank Evans - Preferred Properties Int'l Realty, Inc