955 W 23rd St Hialeah, FL 33010
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,544 sqft
Price per Sqft $352
Subdivision Hia Homesites 1St Addn
MLS Listing ID A11993310
Style Fourplex
HOA Y/N No
Year Built 1969
Annual Tax Amount $11,990
Tax Year 2025
Property Sub-Type Quadruplex
Property Description
The property presents a compelling value-add opportunity, as current rents sit significantly below the local market average. With a current monthly gross of $5,500 and a conservative pro forma potential of $8,400/mo, an investor can realize an immediate increase in NOI through lease renewals and minor cosmetic updates. The building's CBS construction and placement on a 5,300 SF lot—zoned R-3-5 (High-Density)—provides both immediate cash flow and long-term land value appreciation.
Strategically located just minutes from Miami International Airport, the Okeechobee Metro-rail Station, and Palm Avenue corridor, this property caters to a stable workforce and a growing population of young professionals. This is an ideal asset for a portfolio growth play in a neighborhood where vacancy remains at historic lows.
Location
State FL
County Miami-dade
Community Hia Homesites 1St Addn
Area 32
Interior
Heating Electric, Heat Pump
Cooling Electric, Wall/Window Unit(s)
Flooring Terrazzo
Exterior
Exterior Feature Fence, Lighting, Storm/Security Shutters
Pool None
Community Features Laundry Facilities
Utilities Available Cable Not Available
Roof Type Concrete
Total Parking Spaces 4
Private Pool No
Building
Lot Description Corner Lot, < 1/4 Acre
Story 2
Sewer Public Sewer
Water Public
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Others
Tax ID 04-30-12-019-0292
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11993310
