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85 28th St, Hialeah, FL
Offering:
For Sale
Location:
Hialeah, FL 33010
Status:
Active
$1,615,000
Deemed reliable but not guaranteed.
Details
Year built:
1971
Lot size:
6,450 sq ft
Levels:
Two
Stories:
2
Parking:
10 spaces
Days on market:
89
Annual tax (2025):
$13,920
Type:
Multi-family
MLS ID
A12058410
Virtual tour:
Listed by:
RE/MAX United Realty (RMUR01)
Listing office phone:
305-575-2727
Listing office email:
Listing agent:
Saul Milian (3325806)
Features
Utilities
Water source:
Public
Sewer:
Other
Description
This well-maintained, 2-story building with 4,905 sq ft of living space sits on a 6,450 sq ft lot and was built in 1971. Key updates include a 1 year old roof, security cameras and impact windows. The property features a mix of four 1BD/1BA units and four 2BD/1BA units. It is 100% occupied on flexible month-to-month leases, offering an ideal opportunity for rent optimization in a market with consistent year-over-year growth.
Annual Gross Income: $124,800
- Operating Expenses: $49,000
- Net Operating Income (NOI): $75,800 GRM 13.62 (4.69% cap rate at asking price)
- Pro Forma Potential: Immediate 5-10% rent upside due to below-market rates and strong local demand.
DO NOT DISTURB THE TENANTS.
Price history
$1,700,000 → $1,615,000
·
Reduced by
$85,000 (5.0%) · 2 price changes
Location
85 W 28th StHialeah, FL 33010
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MLS information
Last updated Oct 13, 2026
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
