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118 W 26th Street, Hialeah, FL

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118 W 26th Street

Hialeah, FL 33010 - Hialeah Acres MF Submarket

Property Type:Multi-Family Number of Units:10 Status:Existing Year Built:1965
Stories:2 Building Size:6,456 SF Land Area:.15 AC (6,534 SF)
For Sale Price:$1,100,000 Price/Unit:$110,000.00 Cap Rate:- GRM:-


Sale Notes:
Union Street Partners LLC is pleased to offer this 10 unit apartment building for sale in Hialeah, Florida. The building was constructed in 1965 and consists of 8 - 1 bedroom 1 bathroom units and 2 - studios. The current ownership has owned this in excess of 15 years and the current rents are $800 for the 1 BR units and $600 and $650 for the studios.

The building has an excellent occupancy history and the property was granted a 40 year recertification in May 2015. There are 10 off street parking spots and each apartment has a wall unit AC. The building is 100% occupied and has an excellent occupancy history. There are also laundry machines on site which are owned by the seller which provide additional income. A new owner could create value by implementing a $50 rent increase for all units as leases expire of which 5 are month to month. This increase is well within the market.

Union Street Partners
Gregory P Celentano

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