REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Daniel A. Hammer, Sr.

hammergroup@engelvoelkers.com +1(678) 575-6805

$ 1,250,000

Est. payment -/mo

Save Virtual Tour

Active

955 W 23rd ST Hialeah, FL 33010

3,544 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,544 sqft

Price per Sqft $352

Subdivision Hia Homesites 1St Addn

MLS Listing ID A11993310

Construction Status Resale

HOA Y/N No

Total Fin. Sqft 3544

Year Built 1969

Annual Tax Amount $11,990

Tax Year 2025

Property Sub-Type Quadruplex

Property 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.

Location

State FL

County Miami-dade

Area 2300

Zoning 4600

Interior

Interior Features InteriorFeatures

Heating Electric, Heat Pump, Separate Meters

Cooling Electric, Wall/Window Unit(s)

Flooring Terrazzo

Fireplace No

Laundry Outside

Exterior

Exterior Feature Lighting

Fence Fenced

Utilities Available Cable Not Available

Water Access Desc Public

Roof Type Concrete

Total Parking Spaces 4

Private Pool No

Building

Lot Description Corner Lot

Dwelling Type Multi Family

Story 2

Sewer Public Sewer

Water Public

Structure Type Block

New Construction No

Construction Status Resale

Schools

Elementary Schools James H. Bright / J.W. Johnson

Middle Schools Henry H. Filer

High Schools Westland Hialeah

Others

Tax ID 0430120190292

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11993310

Listed by Mauricio Villasuso Fausto Commercial Realty Consultants Inc

NEARBY SCHOOLS & PROPERTIES

Daniel A. Hammer, Sr.

License Partner/Broker

+1(678) 575-6805

Daniel A. Hammer, Sr.

955 W 23rd ST Hialeah, FL 33010

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

Go tour this home

955 W 23rd ST