NW 5th Street, Hialeah, FL 33010
- $5,000,000
- List Price
- $5,000,000
- Status
- ACTIVE
- Days on Market
- 2
- MLS#
- A12066819
- Subtype
- Land
- Lot Size
- 4,250
- Acres
- 1.20
- Subdivision
- Town Of Hialeah Fla
- MLS Area Major
- 2410
Property Description
Income generating development opportunity, 6 folio assemblage totaling 1.3 acre (44,750 SF). Strategically located in Hialeah one block from Miami Springs. City and state incentives such as Hialeah’s Neighborhood Business District overlay and Florida’s Live Local Act can apply on this property. Property currently features 10 income producing units with a monthly cash flow of $14,200. Along with an additional 12 units that brings in $12,000 a month. This allows the developer to collect income to cover costs while developer is going through the entitlement and planning stages for future development. Seller will also consider a Joint Venture with any builder that has a vision.
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Additional Information
- Taxes
- $54,272
- Elementary School
- Kensington Park
- Middle School
- Citrus Grove
- High School
- Miami
Listing courtesy of The Canero Group. Contact:
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Agent: Mary Arbelaez | Email: marysells305@gmail.com