221 W 28th St

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$2,985,000

221 W 28th St Hialeah
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Recommend

12

Home61's Closings in

Hialeah

Amenities

Air Conditioning
N/A
Central Heat
N/A
Refrigerator
N/A
Dishwasher
N/A
Washer
N/A
Walk-In Closets
N/A
Water View
N/A
Pool
N/A
Fence
N/A
Garage
N/A
Barbecue
N/A
Impact Windows
N/A

Key features

Living area
N/A
Lot size
N/A
Tax
$ 18,635
$ /sqft
-
Tenant Occupied
No
Parking Space
0
Building
-
On market
1317 days
$ /sqft
-
Type
other
Year Built
1985
Unit
-
Zip Code
33010
Ref./MLS ID
A10930614

DESCRIPTION

Multifamily real estate group is pleased to exclusively bring to market 221-241 west 28th street in hialeah fl.  The offering is a multi-bay industrial warehouse, which consists of one-folio with 8 bays totaling 11,325 sq.  Ft.  Of leasable space.  Presently the property operates with 2-tenants which have been in the property for over 10-years, all of them with leases expiring 2024.  Leases call for a yearly 5% increase, meaning that a future owner in january 2021 can enjoy a $107,872 noi.  A potential buyer could secure a loan with a 70ltv, a 4% interest rate, amortized over 30 years and achieve on year-2 a 7.  78% cash-on-cash return.  


Data is provided by Miami Board of Realtors.

Public transportation

W 29 St & W 2 Av
29
1 mins
W 29 St & W 3 Ct
29
2 mins
W 29 St & W 4 Av
29
3 mins
W 29 St & Palm Av
29
4 mins

Nearby School In Hialeah

Data Provided by greatschools.org

RATING
Name
GRADE
DISTANCE
3
Henry H. Filer Middle School
6-8
0.4 miles
3
Imater Preparatory Academy High School
9-12
0.7 miles
3
Imater Academy Middle School
6-8
0.9 miles
7
Mae M. Walters Elementary School
PK-5
0.6 miles
Listed on September 21, 2020 by George Jimenez from Multifamily Real Estate Group Inc, this other is for sale. other for sale in Hialeah listed at $1,700,000, Reference A10930614

The multiple listing information is provided by Miami Board of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Miami Board of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.