10 W 53rd Ter

Hialeah, FL 33012
$1,500,000
1575 sqft | 4 beds | 3 baths | #A11662830
For Sale

Description

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
      • Interior:First Floor Entry, Closet Cabinetry, Pantry, Attic, Family Room, Separate Guest/In-Law Quarters, Utility Room/Laundry
      • Bedrooms:4
      • Bathrooms:3
      • Full Baths:3
      • View:Garden
      • Lot description:1/4 To Less Than 1/2 Acre Lot
      • Square Feet:1575
      • Parking type:Circular Driveway, Driveway
      • Property type:Purchase
      • Year built:1952
      • Sewer information:Public Sewer
      • Utility source:Municipal Water
      • Subdivision:PALM SPRINGS AMD
      • County:Miami-Dade County
      • Pets:1
      • MLS #:A11662830
      • Cost:1500000
      • Property subtype:Single Family Residence
      • Waterfront:1
      • MLS #:A11662830
      • Structure type:House

Location

Legal

MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Marjo Realty Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS.

Last Updated: . Source: MAOR

Listing Courtesy
Listing Agent: Ileana Rodriguez
Listing Office: RE/MAX Advance Realty II

Lifestyle International RealtyReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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    MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Marjo Realty Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS.