Residential Land for Sale in Hialeah, Florida
10 W 53rd Ter, Hialeah, FL 33012
Development Potential: approved plans: 4 units, each with 3 bedrooms and 2 bathrooms (1,600 sq ft per unit) Potential income $14,000 per month Maximum potential: (plans can be modified)to up to 12 units . Additional Considerations: Appreciation: Plans include 8 parking spaces, which may need to be increased if the number of units is maximized. Rental market: Research the local rental market to determine demand for 3/2 units and potential rental rates. Overall, this property offers significant potential for investors looking to capitalize on the growing demand for multifamily housing. Current State: Main house: 4 bedrooms, 3 bathrooms (potential rental income) Efficiency unit: 1 bedroom, 1 bathroom Land: 13,127 sq ft corner lot
Location
- Street address
- 10 W 53rd Ter
- County
- Miami-Dade County
- Community
- Palm Springs Amd
- Elevation
- 7 feet
Property details
- Lot size
- 0.32 acres13,939 sq ft
- MLS #
- MAOR A11635359
- Posted
Property taxes
- 2023
- $4,939
Parcels
- 04-21-31-001-1590
Legal description
PALM SPRINGS AMD PB 53-22 LOT 1 BLK 8 LOT SIZE 96.520 X 136 OR 19829-2334 0801 1 COC 24443-0096 04 2006 1
Resources
Details and features
Listing
- Type
- Land
- Subtype
- Multi Family
- Franchise
- RE/MAX International
Lot
- Waterfront
- Canal Access, Canal Front, Waterfront
Structure
- Water
- Public
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Feb 22, 2025 | Price drop | $1,400,000 | $100,000 -6.7% | MAOR |
| Aug 5, 2024 | New listing | $1,500,000 | — | MAOR |