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685 E 2nd Ave Hialeah, FL 33010
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Key Details
Sold Price $800,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,176 sqft
Price per Sqft $251
Subdivision Town Of Hialeah Fla
MLS Listing ID A11082833
Sold Date 09/03/21
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1972
Annual Tax Amount $6,585
Tax Year 2020
Contingent Pending Inspections
Property Description
This is based in the heart of Hialeah close to shopping, major highways. CASH COW property. This is perfect for a buyer looking to live in one unit and use the others for income. This is also a great opportunity for an investor. Property has upside of 8.6% TRUE CAP RATE and 13.4% CASH-ON-CASH potential. The neighborhood has increased in value almost 18% in the last 2 years! Based on recent sales, property has approximately $300-400K in equity. This is for a buyer looking for a value-add property.
Location
State FL
County Miami-dade County
Community Town Of Hialeah Fla
Area 31
Direction From HWY 27 exit Hialeah Dr East. Take Hialeah Drive East to East 2nd Ave and Go North Take East 2nd Ave North property is on the South East Corner of E 7th ave and E 2nd Ave.
Interior
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s)
Flooring Ceramic Tile
Window Features Blinds
Exterior
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Shingle
Total Parking Spaces 4
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Construction Status Resale
Others
Tax ID 04-31-18-001-2691
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Cash
Special Listing Condition Listed As-Is
Read Less
Bought with BHHS EWM Realty
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