$9,300,000
Hialeah, FL 33012
MLS# A1684571
Status: Closed
121351 sqft
1 / 8
Property Description
102 unit apartment building for sale in the heart of Hialeah - Great unit mix - building always 100% occupied. Includes 160 parking spaces and fenced in pool. Central city location close to schools, airport, highways, industry, malls, etc. Plenty of ro om for added value. There is an assumable mortgage. Financials available to serious buyers only. Appointments available upon request. Please do not disturb tenants.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2012-08-23
Status: Closed
Original List Price: 10000000
Sold Price: $9,300,000
Current Price: $9,300,000
Location and Legal
Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 1871
Street Direction Prefix: W
Street Name: 62
Street Suffix: Street
City Name: Hialeah
Municipal Code: 4
State Or Province: FL
Postal Code: 33012
Postal Code +4: 6085
Area: 2200
Parcel Number: 0420350380080
Subdivision Number: 38
Zoning: 44/MULTI
Directions: EAST OF PALMETTO EXPRESSWAY ON THE NW CORNER OF 62ND STREET AND 19TH AVENUE
Property Description: 102 UNITS MULTI FAMILY RESIDEN
General Property Information
Number Of Buildings: 3
Property Sub Type: Multi Family
Number Of Units Total: 7
Price Per Unit: 100000
Occupant Type: Tenant
Building Area Main: 121351
Year Built: 1972
Year Built Details: YearBuiltDescription Resale
Parking Total: 160
Stories Total: 3
Financial Information
Tax Annual Amount: 143299
Tax Year: 2011
Tax Assessed/SOH Value: 6954301
Tax Legal Description: LAKE ROBIN SEC ONE PB 92-44LOT 8 BLK 1 & PORT LOTS 9 & 10 BLK 1 PB 92-75 DESC BEG SW COR LOT 9 S60.05FT W247.51FT N326.19 FT E
Assessor Market Value: 7000000
Status Change Information
Major Change Timestamp: 2013-05-31T23:11:51Z
Major Change Type: Status Change
Status Change Date: 2013-06-04
Under Contract Date: 2013-02-21
Close Date: 2013-05-31
Close Price: 9300000
Buyer Financing: Conventional
Meter Information
Number Of Meters Total: 102
Building and Property Details
# Of Offices: 1
# Of Tenants: 102
# Of Toilets: 145
Income and Expenses
Gross Income: 371886
Gross Scheduled Income: 1089060
Inc/Exp Statement Period: 12/31/2011
Insurance Expense: 93772
Maintenance Expense: 26955
Net Operating Income: 717174
Other Expense: 5000
Other Income: 2120
Professional Management Expense: 32672
Real Estate Taxes: 137567
Supplies Expense: 15600
Total Expenses: 371886
Trash Expense: 11700
Utilities Expense: 78508
Vacancy Allowance Rate: 3
Occupancy Percentage: 100
Description of Unit Type 1
Units Total: 1
Furnished: No
Annual Rent: 650
Description of Unit Type 2
Units Total: 38
Furnished: No
Annual Rent: 850
Description of Unit Type 3
Units Total: 18
Furnished: No
Annual Rent: 900
Description of Unit Type 4
Units Total: 44
Furnished: No
Annual Rent: 950
Description of Unit Type 5
Units Total: 1
Furnished: No
Annual Rent: 1300
Buyer Details
Intended Use: Investment
Concessions
Seller Concessions: No
Section Details
Parcel Number MLX: 0080
Originating Details
Originating System Key: 27317257
Originating System ID: M00000151
Property Features
Building Features: Balconies; Elevator(s); Exterior Lighting; Fenced Area; Laundry Facilities; Pool
Documents Available: Deed; Financial Statement; Investment Analysis; Rent Rolls
Electric: 220 Volts
Flooring: Tile
Heating: Central Building; Central Individual
Location of Property: City Location; Near Airport
Parking Features: Assigned; Common; Guest
Possession: Negotiable
Property Condition: Resale
Sale Includes: Building; Fixtures; Land; Leases
Zoning Information: Use Conforms To Zoning
Source Of Expenses: Owner Provided
Tenant Pays: Electricity; Interior Electric
Construction Materials: Block
Cooling: Central Building; Central Individual
Listing Terms: Assumable; Cash
Road Frontage Type: City Street
Roof: Tar/Gravel
Security Features: Fire Alarm; Security Fence; Security Gate; Security Lights
Sewer: Public Sewer
Special Information: City Jurisdiction
Water Source: Public
Showing Requirements: 24 Hour Notice; Appointment Only
Listing Office: U.S.A. Lending & Realty, Inc.
Last Updated: May - 23 - 2026
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