955 W 23rd St - Apartments FOR SALE


Hialeah, FL 33010
$1,250,000 USD
305-340-8901
955 W 23rd St, Hialeah, FL for Sale
$1,250,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

955 W 23rd St
Hialeah, FL 33010


HIGHLIGHTS

  • Four spacious 2-bedroom, 1-bathroom units with private layouts.
  • Major improvements completed: new roof (2025), 40-year recertification, on-site laundry.
  • Individual mini-split AC systems for efficient utility management.
  • Current rents significantly below market, offering strong value-add potential.
  • Located minutes from Miami International Airport and key transit routes.

OVERVIEW

This turnkey fourplex presents an exceptional investment opportunity in one of Miami’s most resilient rental submarkets. Located on a prime corner lot in Hialeah, the property consists of four spacious 2-bedroom, 1-bathroom units, each designed with a functional layout and equipped with individual mini-split AC systems for efficient utility management. The asset has undergone significant capital improvements, including a new roof (2025), a completed 40-year recertification, and on-site laundry facilities, reducing risk and ensuring long-term stability. With current rents well below market averages, investors can capitalize on immediate upside through lease renewals and minor cosmetic upgrades. Positioned on a 5,300 SF lot and zoned for high-density residential use, this property offers both strong cash flow and long-term appreciation potential. Its strategic location near Miami International Airport, the Okeechobee Metrorail Station, and major commuter corridors ensures consistent tenant demand. This is an ideal acquisition for investors seeking a value-add multifamily asset in a high-demand market.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$290 USD /SF

# OF UNITS

4

PRICE/UNIT

$312,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

R-3

APN/PARCEL ID

04-3012-019-0292

ASK ABOUT THIS PROPERTY

Mauricio VillasusoFausto Commercial Realty ConsultantsMore Info
305-340-8901

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Mauricio VillasusoFausto Commercial Realty ConsultantsMore Info
305-340-8901

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