$1,500,000
53rd Ter

10 W 53rd Ter, Hialeah FL 33012

4 Beds

3 Baths

SQFT 13,127

0 Garage

72 Years Built

Home Details

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

Other Interior Features

Heating
Central
Appliances
Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
Living Area - SqFt
1575
Inside
Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
Total - SqFt
13127

General

MLS#
A11662830
Architectural Style
Detached, One Story, Ranch
Bathroom Features
Shower Only
Living Area - SqFt
1575
Construction Materials
CBS Construction
Window Features
Complete Impact Glass
Total - SqFt
13127

Neighbourhood

Location

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

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