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6 Units in Hialeah-ESSEX GARDENS

3 Flex Properties Offered at $1,025,000 in Hialeah, FL

Executive Summary

6-Apartments in the ESSEX GARDENS Community. 3 units are 2 Bedrooms, and 3 units are 1 Bedroom. This fully renovated condominium is in a great, quiet community, offering a peaceful living environment. The property features a NEW ROOF, NEW A/C, NEW water/heater, and a washer and dryer in the unit. Each unit pays a low maintenance of $230 per month (water is included). The tenant-occupied units are on a (month-to-month lease) rent, ranging from $1,500 to $1,800. This is a co-op with a land lease expiring in 2071. CASH ONLY!!!

Taxes & Operating Expenses (Actual - 2024)

Annual
Gross Rental Income $21,600
Other Income -
Vacancy Loss -
Effective Gross Income $21,600
Taxes $1,954
Operating Expenses $2,760
Total Expenses $4,714
Net Operating Income $16,886

Taxes & Operating Expenses (Actual - 2024)

Gross Rental Income
Annual $21,600
Other Income
Annual -
Vacancy Loss
Annual -
Effective Gross Income
Annual $21,600
Taxes
Annual $1,954
Operating Expenses
Annual $2,760
Total Expenses
Annual $4,714
Net Operating Income
Annual $16,886

Property Facts

Price $1,025,000
Price / SF $449.56 / SF
Sale Conditions Bulk/Portfolio Sale
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 2,280 SF

Properties

Property Name / Address Property Type Size Year Built Individual Price
375 E 4th Ave, 1st Floor - Unit 4, Hialeah, FL 33010 Flex Condo 760 SF 1949 -
375 E 4th Ave, 2nd Floor - Unit 8, Hialeah, FL 33010 Flex Condo 760 SF 1949 -
305 E 4th Ave, 1st Floor - Unit 1, Hialeah, FL 33010 Flex Condo 760 SF 1949 -
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  • Listing ID: 33868833

  • Date on Market: 11/13/2024

  • Last Updated:

  • Address: 6 Units in Hialeah-ESSEX GARDENS, Hialeah, FL

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