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Hialeah,FL 33012
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Palm Springs Amd
MLS Listing ID A11635359
Annual Tax Amount $4,939
Tax Year 2023
Lot Size 0.320 Acres
Property Description
Development Potential: approved plans: 4 units, each with 3 bedrooms and 2 bathrooms (1,600 sq ft per unit) Potential income $14,000 per month Maximum potential: (plans can be modified)to up to 12 units . Additional Considerations: Appreciation: Plans include 8 parking spaces, which may need to be increased if the number of units is maximized. Rental market: Research the local rental market to determine demand for 3/2 units and potential rental rates. Overall, this property offers significant potential for investors looking to capitalize on the growing demand for multifamily housing. Current State: Main house: 4 bedrooms, 3 bathrooms (potential rental income) Efficiency unit: 1 bedroom, 1 bathroom Land: 13,127 sq ft corner lot
Location
State FL
County Miami-dade
Community Palm Springs Amd
Area 21
Exterior
Utilities Available Cable Available,Electricity Available,Phone Available,Sewer Available,Trash Collection
Waterfront Yes
Waterfront Description Canal Access,Canal Front
View Canal
Building
Lot Description <1 Acre
Sewer Other
Water Public
Others
Acceptable Financing Cash,Conventional,Owner May Carry
Listing Terms Cash,Conventional,Owner May Carry