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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.rnrnThe 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.rnrnStrategically 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.

Features
4
Laundry Facility
Address Map
FL
Miami-Dade County
Hialeah
33010
955 W 23rd St
HIA HOMESITES 1ST ADDN
W81° 41' 55.7''
N25° 50' 33.9''
HIA HOMESITES 1ST ADDN
MLS Addon
Detached
All Cash, Conventional
1
4
Water, Gardener, Pest Control, Sewer, Trash Collection
2
Quadruplex, Fourplex
$11,990
2025
Click Here
Municipal Water
4600
4
02/04/2026 15:28:59

955 W 23rd St, Hialeah, Florida 33010

$1,250,000
3,544 size sq.ft.
Listing ID #A11993310
Basic Details
Property Type Residential Income
Listing Type For Sale
Listing ID A11993310
Price $1,250,000
Square Footage 3,544 Sqft
Year Built 1969
Days on Market 9
Building Area 3,544
Status Active
Property SubType Quadruplex
On Market Date 24/03/2026
Elena Beck
MiamiInvestrealty
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