2405 W 78 Street, Hialeah, FL 33016 Assigned

  • $24,900,000
  • 2 beds
  • 2 baths
  • 100,332 sqft
Assigned

2405 W 78 Street, Hialeah, FL 33016

Offered at: $24,900,000
Units: 108
Consists of:
• 76 units (2/2’s)
• 20 units (2/1’s)
• 12 units (1/1’s)
• EGI-$154,381 monthly
• NOI- $1,075,271

Property Info:
• Building Size- 100,332 sf
• Lot size- 173,504 sf (3.98 acres)
• 243 Assigned Parking and Guest
Parking
• Built in 2014
• Unit Features:
• Washer and Dryer
• Separate Water Meters

Available on 06.01.2020

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Price:
$24,900,000
Address:
2405 W 78 Street,
Hialeah, Florida 33016
Square Feet:
100,332
Lot Size:
173,504 sf
Bedrooms:
2
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Apartment
Year Built:
2014

Additional Features

Opportunity to acquire an Income Producing Investment Property in South Florida. Garden Style Apartment Complex Built in 2014 composed of 12 Buildings with 108 Residential Units. The project is located in the City of Hialeah just south of I-75/Gratigny and just west of the Palmetto Expressway (SR-826). The project consists of 100,332 SF of living area on nearly 4 acres (173,504 SF). The units have Hurricane Impact Windows and Doors, Granite Counter Tops in the Kitchen, Ceramic Tile Floors, Central Air Conditioning, Washer and Dryer. Lower Operating Expenses with Separate Water and Electric Meters and Newer Construction with less repairs/maintenance and lower insurance premiums. 108 Residential Units with 3 Floorplans; 12 units are one-bedroom/one-bathroom, 20 units are two bedrooms/one bathroom and 76 units are two bedrooms/two bathrooms with 89% two bedroom units. The project has 243 parking spaces. Currently 100% occupied and rarely had vacancy in the past 4 years. Hialeah is the Sixth Largest City in Florida with over 225,000 residents with over 55% of Residents Renting according to a Project Overview: study in 2016. Palm West is rare opportunity to purchase a Newer Development in the desirable area of Hialeah for Investors.

Call (954) 280-5883 for more details

Property Location