$1,500,000
For Sale

765 W 23rd St

Hialeah, FL 33010
Browse 3 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

This property presents an excellent opportunity for leveraging the Live Local Act program, given its prime location just 0.5 miles from the Okeechobee Metro Rail station, which includes an eight-story development. The site is strategically situated adjacent to a public school on the east side and bordered by an industrial site to the north. Potentially zoned for 70 units per acre under Neighborhood Business District (NBD) regulations, the property can accommodate up to 35 units. Currently generating $6,500 per month from two fully rented structures (3/1, 3/2, and 1/1 units), the highest and best use of this property is the land. Benefit from ongoing rental income during the development process.

  • Property Details
      • Lot DescriptionFenced
    • Measurements
      • Acres0.5
  • Construction Details
      • Property TypePurchase
  • Community and Neighborhood Details
      • SubdivisionSEMINOLA CITY SEC 2
    • Location
      • CountyMiami-Dade County
  • Other
      • MLS #A11654093

Location

William Barnes | BrokerReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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