859 E 23rd St, Hialeah, FL 33013 — MLS photo

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859 E 23rd St, Hialeah, FL 33013

Active · SingleFamilyResidence

$1,600,000

859 E 23rd St, Hialeah, FL 33013

Beds
3
Baths
2
Living area
2,032 sq ft
$ / sq ft
$787/sq ft
Year built
1947
Lot size
8,280 sq ft
HOA fee
—
Annual tax
—

About this property

Prime Development Opportunity in Booming East Hialeah! Invest in one of the fastest-growing areas in South Florida! This 8,280 sqft lot is perfectly positioned in East Hialeah, an area experiencing a surge in development and investor interest. Located within walking distance of the Tri-Rail station, this property offers unbeatable accessibility, making it a perfect choice for transit-oriented development. With increasing demand for housing and business spaces, this lot presents a rare chance to capitalize on East Hialeah’s growth. Don’t miss out on this exceptional opportunity

Property location

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859 E 23rd St, Hialeah, FL 33013

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Facts & features

Interior

Bedrooms
3
Bathrooms
2
Living area
2,032 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1947
Lot size
8,280 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Miami-Dade
MLS listing ID
A11748305
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

-$3,799

Cap rate
2.8%
Net yield
2.8%
Cash-on-cash return
-10.2%
Gross yield
6.0%
Mortgage payment
$7,585/mo
Down payment
$400,000
Loan amount
$1,200,000
Annual NOI
$45,426

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