Address
715 W 29th Street, Hialeah, FL
Price
$ 2,599,000
Property Attributes
- MLS#B26007690
- TypeSingle Family
- Listing Status Active
- CountyMiami-Dade
- CityHialeah
- Area2300
- Zip
- Style
- Year Built1968
- Taxes$ 18742
- Price$ 2,599,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5332
- Lot Size0.15 Acres
Data Source:
Beaches MLS (FL)
Property 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.
| Price History | |
|---|---|
| 3/27/2026 | Listed $2,599,000 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | Central,Individual |
| Cooling | CentralAir |
| Utilities | ElectricityConnected,Other |
| Possession | CloseOfEscrow |
| Roof | Shingle |
| Security Features | SmokeDetectors |
| Construction Materials | Block |
| Year Built | 1968 |
| Electric | SeparateMeters |
| Stories Count | 2 |
| Levels | Two |
| Property Subtype | MultiFamily |
| Tax Year | 2025 |
| Accessibility | None |
| County | Miami-Dade |
| New Construction | false |
| Property Type | CommercialSale |
| Status | Active |
| City | Hialeah |
| Number Of Units Total | 8 |
| MLS Area | 2300 |
| Tax Annual Amount | 18742 |
| Property Condition | Resale |
| Virtual Tour | https://www.propertypanorama.com/715-W-29th-Street-Hialeah-FL/unbranded |
| Standard Status | Active |
| Ownership Type | Corporation |
| Property Sub Type Additional | MultiFamily |
| PostalCity | Hialeah |
| Legal Description | INDUSTRIAL CENTER PB 14-81 LOT 23 BLK 17 LOT SIZE 6375 SQ FT OR 14005-3619 0289 1 |
Interior Features
| Flooring | CeramicTile,Tile |
|---|---|
| Total Stories | 2 |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
Exterior Features
| Parking Features | AccessibleParking,Common |
|---|---|
| Lot Features | CityLot,LessThanQuarterAcre |
| Water Source | Public |
| Total Parking | 2 |
| Lot Size Area | 6375 |
| Building Area Total | 5332 |
| Lot Size Acres | 0.15 |
| Road Frontage Type | CityStreet |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
