4260 Palm Ave, Hialeah, FL 33012

$3,800,000
List Price
$3,800,000
Price Change
▲ $310,000 1653506553
MLS#
A11113069
Status
ACTIVE
Type
Commercial

Property Description

Rare Opportunity to Acquire a New Construction Multi-Family Apartment Development in South Florida. Ronny’s Place is a Garden Style Apartment Complex consisting of 14 Total Units. 12 Residential Units and 2 Retail Units. This building is located in the City of Hialeah. The project consists of 9,693 SF of Living Area on 11,508 SF Lot. All the Residential Units are One-Bedroom and One-Bathroom with approximately 640 SF each. The 2 Retail Units are currently leased by one tenant with a total of approximately 1,180 SF. The building is fully leased. The unit amenities include Hurricane Impact Windows & Doors, Granite Counter Tops in the Kitchen, Ceramic Tile Floors, Central Air Conditioning, Washer/Dryer. Lower Operating Expenses with Separate Water and Electric Meters. NOI $155,543 / Cap 4.5%

Additional Information

Days on Market
251
Tax Amount
$47,526
Parcel Number
04-31-06-045-0470
Lot Size
11,508
Address
4260 Palm Ave, Hialeah
Year Built
2020
Special Information
New Construction

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of EZ 2 Own Homes Realty, LLC.