USD 639,900

390 E 16th St
Hialeah, Florida 33010

For Sale

Property Description

Eleventrust is please to present 390 East 16 Street Hialeah, Fl. 33010 a one story Six unit apartment rental building built in 1953 of CBS. The property is on a corner lot directly on East 4 Ave with a lot size that measures 135 x 50 or 6,750 square foot. The property has a unit mix of five efficiencies and one large one bedroom one bathroom with an average unit size of 303 square foot and a total adjusted building size of 1,818 square foot zoned B-1 for mixed use retail sales and services.
A investor can purchase this building with 25% down payment and potentially achieve a double digit cash on cash of 10%-11% with hands on management raising rents up to market.

Listed by Eleventrust LLC

Property Details

ID #
A10925258
Status
Sale
Type
Commercial, Industrial, Income/Multi-Family 5+
Zip Code
33010
Year Built
1953
Building Feature
Air Conditioning
Water Source
City/mains water
Septic
City sewer
Construction
CBS Construction
Heating
Wall/Window Units
Lease Term
Month To Month Lease
Occupancy
Tenant Occupied
Road Frontage
City Road
Type of Building
Apartments, Hotel/Motel
Utilities
Internet
Zoning Information
6300

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