Active

955 W 23rd St

Hialeah, FL 33010

$1,250,000 $5,270/Mo

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Overview

Bed

Bath

3,544

Sqft

Description

This 1969 four-plex is situated on a prime corner lot, offering a high-yield, turnkey acquisition for investors targeting one of Miami’s most resilient rental sub-markets. The building consists of four spacious 2-bedroom, 1-bathroom units, featuring a private and functional layout of two units per floor. The asset has been significantly de-risked with major capital improvements, including a new roof (2025), a completed 40-year recertification, and on-site laundry facilities. Each unit is equipped with individual mini-split AC systems, allowing for decentralized maintenance and efficient utility management. The property presents a compelling value-add opportunity, as current rents sit significantly below the local market average. With a current monthly gross of $5,500 and a conservative pro forma potential of $8,400/mo, an investor can realize an immediate increase in NOI through lease renewals and minor cosmetic updates. The building's CBS construction and placement on a 5,300 SF lot—zoned R-3-5 (High-Density)—provides both immediate cash flow and long-term land value appreciation. Strategically located just minutes from Miami International Airport, the Okeechobee Metro-rail Station, and Palm Avenue corridor, this property caters to a stable workforce and a growing population of young professionals. This is an ideal asset for a portfolio growth play in a neighborhood where vacancy remains at historic lows.

Property Details

Property Type : ResidentialIncome

Price : $1,250,000

AD Id : 76739630

MLS Id : A11993310

Beds : 8

Living Area Size : 3,544

Year Built : 1969

County : Miami-Dade

Subdivision: Hialeah Homesites

Map

Features

Interior Features

Roof: Concrete
Heating & Cooling

Has Heating: Yes Heating: Electric, HeatPump Has Cooling: Yes Cooling: Electric, WallWindowUnits

Building Information

Year Built: 1969

Building Area Total: 3544

Construction Materials: Block

Stories: 2

Pool Features: None

Private Pool: No
Exterior Features

Exterior Features: Fence, Lighting, StormSecurityShutters

Lot Information

Lot Description: CornerLot,LessThanQuarterAcre

Property Information

Subdivision: HIA HOMESITES 1ST ADDN Source Property Type: ResidentialIncome Postal Code Plus 4: 2041 Zoning Description: 4600 Property SubType: Quadruplex Levels: Two Property Age: 57

Listing Price Information

Listing Price: $1250000

Cash, Conventional

Tax Information

Parcel Number: 04-30-12-019-0292 Tax Year: 2025 Annual Tax: $11990 Tax Legal Desc: PB 18-37 HIALEAH HOMESITES 1ST ADDN LOTS 21 & 22 BLK 5 LOT SIZE 5300 SQUARE FEET OR 14654-829 0890 1

Parking Information

Parking Total: 4

Utility Information

CableNotAvailable
Location Information

WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
453 E 13th St, Hialeah, FL, 33010	$795,000	4	2	1,659	1,659 SqFt
36 E 17th St, Hialeah, FL, 33010	$650,000	4	4	2,364	2,364 SqFt
155 W 26th St, Hialeah, FL, 33010	$790,000	3	2	1,627	1,627 SqFt
41 E 20th St, Hialeah, FL, 33010	$760,000	--	--	1,392	1,392 SqFt
2474 W 4th Ct, Hialeah, FL, 33010	$1,750,000	6	4	2,430	2,430 SqFt

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ByOwner last updated this listing 06/04/2026 @ 18:09

MLS: A11993310 LISTED BY: Mauricio Villasuso, Fausto Commercial Realty Consultants Inc 786-748-7373 SOURCE: SEFMIAMI