Home » Hialeah » 231 E 7th St, Hialeah, FL 33010 | A11637129

Multi Family Sold 231 E 7th St, Hialeah, FL 33010

$1,900,000
closed for a price of $1,500,000

Property Highlights

Listing ID A11637129 Status of this Listing: Closed Sold Property Type Commercial Sale Multi Family Building Area 4,104 Sqft/381.27 m2 approx. Lot area 6,750 Sqft/627.10 m2 approx. Year Built 1995 Time of this property from published date until Closing Date 135 Days

231 E 7th St, Hialeah, FL 33010

Property Description: Amazing investment opportunity in the heart of Central Hialeah. This meticulously maintained 6-plex has been thoughtfully updated (roof, central AC, all PVC pipes, hurricane accordion shutters, bathrooms) providing clean and comfortable living spaces that attract quality tenants. All six units are fully rented with long term tenants, ensuring a steady and reliable income stream from day one. Benefit from strong rental demand in a high-occupancy area, ensuring a lucrative return on your investment. Washer and Dryer on site providing additional income. Don’t miss this opportunity to invest in a turn-key, income-producing property that still has untapped potential.

Useful Info

Contingency:Pending Inspections
Original List Price:$1,900,000
Close Price:$1,500,000

Lease Details

Lease Terms Description:Annual Lease

Business Info

Gross Scheduled Income:105900
Financial Data Source:
  • Owner

Land Lot (Parcel) Details

Lot Size Acres:0.155
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Number of Buildings:1
Number of Units Total:6
Levels:Two
Construction Materials:
  • Block
Flooring:
  • Tile
Structure Type:
  • Multi Family
Stories:2
Road Frontage Type:
  • City Street

Property Features

Waterfront:No
Security:
  • Smoke Detector(s)
  • Fenced
Exterior Features:
  • Storm/security Shutters
Roof:
  • Shingle
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$14,068

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2024

Terms

Documents Available:
  • Ground Photo
  • Lease
Listing Terms Considered by Seller:
  • Cash
  • Other
Occupant Type:
  • Tenant
Buyer Possession:
  • Closing & Funding
Buyer Financing:
  • Cash
Lease Term:
  • 12 Months
Tenant Pays:
  • Electricity
  • Water
  • Telephone
  • Sewer
Lease Considered:No

Community

Building Name:231
Senior Community:No
Restrictions: Zoning Restrictions

Parking

Parking Total Spaces:9
Covered Spaces:0
Parking Features:
  • Assigned

Utilities

Number of Separate Electric Meters:5
Sewer:
  • Other
Utilities Expense:$5,088
Water Source:
  • Public

More Details

Other Information:
Property Description6 Plex
Flood ZoneX
FEMA Flood Zone DesignationsX
Ref1079240113
PACE (Property Assessed Clean Energy) program0
Subdivision Number6
Buyer Country of ResidenceUSA
Buy StateFlorida

Zoning and Legal

Tax Legal Description:HIALEAH 4TH ADDN PB 7-83 LOT 21 BLK 33 LOT SIZE 50.000 X 135 OR 15396-2663 0292 1
Real Estate Folio Number (Parcel Number):04-31-18-006-0730
Zoning Description:3900
Public Survey Range:31
Public Survey Section:18

Listing History

Update/EventDate/Days
Published Date:August 7, 2024 7:44 pm
On Market Date:August 7, 2024
Close Date:December 20, 2024
Price Change Date Time:August 7, 2024 10:23 am
Last Important Update Description:Closed
Date and Time of Last Important Update:December 20, 2024 12:27 pm
Status Last Changed:December 20, 2024 12:27 pm
Photos Last Modified:August 7, 2024 11:58 pm
Last Modified:December 20, 2024 5:27 pm
Days on the Market Reference Date:December 20, 2024
Days on the Market (updated on Last Modified*):117
Cumulative Days on the Market (updated on Last Modified**):117

Additional Information

Number of Photos:39
Location:City Location,In Residential Area,,
Included:Building & Land,Leases,Leases,
Area:31
Automated Valuation Display:Yes
Courtesy of:Julies Realty, LLC
Universal Property Id:US-12025-N-0431180060730-R-N

Location

Show Property Address:Yes
Street Name:7th St
Street Number:231
Street Direction Prefix:E
Street Address:231 E 7th St
City : Hialeah
State : Florida
Zip Code : 33010
County : Miami-Dade
Full Address:231 E 7th St, Hialeah, FL 33010
Latitude:N25° 49' 42.6''
Longitude:W81° 43' 23.1''

Neighborhood

Postal City:Hialeah

Property Map