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Active multifamily SALE

715 W 29th Street, Hialeah, Florida None

Hialeah, FL

$2,599,000
Property Details
MLS# B26007690
Type Multifamily
Year Built 1968
Tax Amount $18,742

Property Description

Prime 8-Unit Multifamily Investment in Thriving Hialeah - Strong Cash Flow & Upside Potential! Seize this turnkey income producer at 715 W 29th St, Hialeah, FL 33012: a well-maintained 2-story, 5,332 sq ft apartment building on a 6,375 sq ft lot, built in 1968 with key updates including a 2019 roof, fully renovated bathrooms (last 3 years), and wall AC units in every apartment. Mix of 4 x 2BD/1BA and 4 x 1BD/1BA units, 100% occupied on flexible month-to-month leases, ideal for rent optimization in a market with YOY growth. Financial Highlights: Annual Gross Income: $171,120; Operating Expenses: $45,172; NOI: $125,948 (5% cap rate at asking price). Pro Forma Potential: Raise rents 5-10% immediately due to below-market rates and strong local demand. Located in Hialeah's vibrant core, minutes from major highways (I-95, Palmetto Expressway), Miami International Airport, and industrial hubs fueling job growth. No vacancies, deferred maintenance, or issues. Zero capex needs short-term. Perfect for 1031 exchanges, value-add plays, or long-term hold. Seller open to clean offers; quick close possible.
Amenities
2 Stories
Built 1968
Cooling: Central Air
Heating: Central, Individual

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Property Location
Listing Office: Savvy Avenue, LLC
Listing Agent: Moe Mossa

All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Updated: 07/20/2026 10:19 AM

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