145 W 12th St - Multi-Family FOR SALE


Hialeah, FL 33010- Hialeah Acres
$850,000 USD
954-501-5020
145 W 12th St, Hialeah, FL for Sale
$850,000 USD
Multi-Family - FOR SALE
1/4
null | 6.12% Cap Rate

145 W 12th St
Hialeah, FL 33010
Hialeah Acres


HIGHLIGHTS

  • Easy Access To Palmetto Expressway (SR-826) And Okeechobee Road (US-27)
  • Located In The Highly Soughtafter Hialeah Rental Market
  • 1955 Concrete Block Construction

OVERVIEW

Marcus & Millichap is pleased to present 12th Street Flats, a four-unit multifamily property located at 145 W 12th Street in Hialeah, Florida. Built in 1955 with a pitched composite shingle roof, the single-story building totals 2,460 square feet and is situated on a 0.15-acre lot with convenient on-site parking. The property is comprised of four (4) one-bedroom/one-bathroom units, each averaging 615 square feet, and equipped with wall-unit air conditioning. Its efficient layouts and central location make it well-suited for workforce housing, which remains in strong demand throughout Hialeah. 12th Street Flats benefits from excellent accessibility, positioned just west of Okeechobee Road (US-27) and minutes from the Palmetto Expressway (SR-826) and Miami International Airport. The property is also proximate to major employment centers, including the Hialeah Hospital medical district, the Airport West/Doral industrial submarket, and the thriving logistics and manufacturing corridors that define the city’s economic base. With its in-demand unit mix, reliable workforce housing appeal, and location in one of South Florida’s most supply-constrained rental markets, 12th Street Flats presents investors with a compelling opportunity for stable cash flow and long-term appreciation.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$346 USD /SF

# OF UNITS

4

PRICE/UNIT

$212,500

CAP RATE

6.12%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12th Street Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

04-3118-014-0630

ASK ABOUT THIS PROPERTY

Daniel CunninghamMarcus & MillichapMore Info
954-501-5020

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Daniel CunninghamMarcus & MillichapMore Info
954-501-5020

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.