85 W 28th St
$1,700,000
85 W 28th St, Hialeah, FL 33010
For Sale
Multifamily
Active
Last Updated: 07/31/2026
4,905 sqft
Building Size
8
Units
Details:
Building Size: 4,905 sqft
Units: 8
Year Built: 1971
Floors: 2
Parking Spots: 10
Highlights:
- Lot Features: City Location
- Number Of Buildings: 1
- Documents Available: Photos
- Cooling: Wall/Window Unit(s)
- Heating: Wall/Window Units
- Flooring: Terrazzo
- Construction Materials: Concrete Block Construction
- Parking Features: Assigned
- Security Features: Security System
- Insurance Expense: 1333
- Ownership: Self Proprietor/Individual
Description:
This well-maintained, 2-story building with 4,905 sq ft of living space sits on a 6,450 sq ft lot and was built in 1971. Key updates include a 1 year old roof, security cameras and impact windows. The property features a mix of four 1BD/1BA units and four 2BD/1BA units. It is 100% occupied on flexible month-to-month leases, offering an ideal opportunity for rent optimization in a market with consistent year-over-year growth.
Annual Gross Income: $124,800
- Operating Expenses: $49,000
- Net Operating Income (NOI): $75,800 (4% cap rate at asking price)
- Pro Forma Potential: Immediate 5-10% rent upside due to below-market rates and strong local demand.
DO NOT DISTURB THE TENANTS.
Location
Gallery
