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231 E 7th St

6 Unit Apartment Building $1,900,000 ($316,667/Unit) 5.50% Cap Rate Hialeah, FL 33010

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Executive Summary

Amazing investment opportunity in the heart of Central Hialeah. This meticulously maintained 6-plex has been thoughtfully updated (roof, central AC, all PVC pipes, hurricane accordion shutters, bathrooms) providing clean and comfortable living spaces that attract quality tenants. All six units are fully rented with long term tenants, ensuring a steady and reliable income stream from day one. Benefit from strong rental demand in a high-occupancy area, ensuring a lucrative return on your investment. Washer and Dryer on site providing additional income. Don’t miss this opportunity to invest in a turn-key, income-producing property that still has untapped potential.
PLEASE DO NOT DISTURB TENANTS. Any and all showings will be coordinated once there is an accepted offer. Current rent roll can be provided upon request along with the list of owner paid expenses. Rents can be increased to at least $2,000 per unit and therefore increase the rate of return. PLEASE CONTACT THE CO-LISTING AGENT GISELLE AT 786-447-5877 FOR ANY QUESTIONS

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	$105,900	$17.50
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$105,900	$17.50
Taxes	$14,068	$2.33
Operating Expenses	$12,215	$2.02
Total Expenses	$26,283	$4.34
Net Operating Income	$79,617	$13.16

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	$105,900
Annual Per SF	$17.50

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$105,900
Annual Per SF	$17.50

Taxes
Annual	$14,068
Annual Per SF	$2.33

Operating Expenses
Annual	$12,215
Annual Per SF	$2.02

Total Expenses
Annual	$26,283
Annual Per SF	$4.34

Net Operating Income
Annual	$79,617
Annual Per SF	$13.16

Property Facts

Price	$1,900,000	Building Class	C
Price Per Unit	$316,667	Lot Size	0.16 AC
Sale Type	Investment	Building Size	6,050 SF
Cap Rate	5.50%	Average Occupancy	100%
No. Units	6	No. Stories	2
Property Type	Multifamily	Year Built	1995
Property Subtype	Apartment	Parking Ratio	1.49/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,900,000
Price Per Unit	$316,667
Sale Type	Investment
Cap Rate	5.50%
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.16 AC
Building Size	6,050 SF
Average Occupancy	100%
No. Stories	2
Year Built	1995
Parking Ratio	1.49/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

Air Conditioning

Wheelchair Accessible (Rooms)

Site Amenities

Laundry Facilities

Zen Garden

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
1+1	2	$1,313	-
2+1	4	$1,500	-

1 of 1

Walk Score ®

Very Walkable (83)

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, Transit Score® & Bike Score?

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of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	04-3118-006-0730	Total Assessment	$740,029 (2024)
Land Assessment	$0 (2024)	Annual Taxes	$14,068 ($2.33/SF)
Improvements Assessment	$0 (2024)	Tax Year	2023