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
Property Details
Price:
$1,500,000
MLS #:
A11635359
Status:
Active
Beds:
0
Baths:
0
Address:
10 W 53rd Ter
Type:
Single Family
Subdivision:
PALM SPRINGS AMD
Neighborhood:
Palm Springs Amd
City:
Hialeah
Listed Date:
Aug 4, 2024
State:
FL
ZIP:
33012
Lot Size:
13,127 sqft / 0.32 acres (approx)
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Schools
Interior
Exterior
Financial
Tax Year
2023
Taxes
$4,939
Map
Community
- Address10 W 53rd Ter Hialeah FL
- SubdivisionPALM SPRINGS AMD
- CityHialeah
- CountyMiami-Dade County
- Zip Code33012
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