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715 W 29th Street

$2,599,000

715 W 29th Street, Hialeah, FL 33012

Active
Last Updated: 06/10/2026

5,332 sqft

Building Size

8

Units

Details:
Building Size:    5,332 sqft
Units:    8
Year Built:    1968
Floors:    2
Parking Spots:    2
Highlights:
  • Lot Features: City Location, Less Than 1/4 Acre Lot, Less Than 1 Acre
  • Bathrooms Total: 0
  • Documents Available: Other Documents Available
  • Cooling: Central Individual A/C
  • Heating: Central Individual A/C
  • Electric: Separate Meters
  • Flooring: Ceramic Floor, Tile
  • Construction Materials: CBS Construction
  • Parking Features: Common
  • Accessibility Features: Accessible Parking
  • Security Features: Smoke Alarm, Smoke Detector(s), Smoke Detector
  • Ownership: Corporation
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.

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