10 W 53rd Ter
Hialeah, Florida
$1,400,000 Price
4 Bedrooms  

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...

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

Listing courtesy of RE/MAX Advance Realty II

 

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

Hialeah, Florida
Type: House
Price: $1,400,000
Approx. sqft: 1,730 sf
Annual Re Tax: $4,939
Web ID: 11662830
MLS ID: A11662830

Info & Amenities

Type: Single Family
Bedrooms: 4
Bathrooms: 3.0
Built: 1952
Pool: Yes

Map of Area for 10 W 53rd Ter

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