620 W 29th St, Hialeah, FL 33012 — MLS photo

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620 W 29th St, Hialeah, FL 33012

Active · Quadruplex

$1,695,000

620 W 29th St, Hialeah, FL 33012

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
2020
Lot size
—
HOA fee
—
Annual tax
—

About this property

Located in the heart of Hialeah this beautiful apartment complex is an investors dream. Built in 2020 this apartment complex is all block construction, has hurricane impact windows and doors, and a new roof. The apartments are fully leased to excellent long term tenants that have been renting since the apartments were constructed. The units come with all modern appliances, A/C, and stacked washer and dryers. Located near wide range of activities including a public library, highly rated schools, Hialeah Park and Casino. On top of all the activities in the area it is within walking distance of many shops, drug stores and restaurants making it a prime location for tenants to want to live long term.

Property location

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620 W 29th St, Hialeah, FL 33012

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
Quadruplex
Year built
2020

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$0
County
Miami-Dade
MLS listing ID
A11678627
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$3,317

Cap rate
3.3%
Net yield
3.3%
Cash-on-cash return
-8.4%
Gross yield
6.6%
Mortgage payment
$8,035/mo
Down payment
$423,750
Loan amount
$1,271,250
Annual NOI
$56,618

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.