About 10 W 53rd Ter
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
Features of 10 W 53rd Ter
| MLS® # | A11635359 |
|---|---|
| Price | $1,400,000 |
| Bathrooms | 0.00 |
| Acres | 0.32 |
| Type | Land |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 10 W 53rd Ter |
|---|---|
| Area | 21 |
| Subdivision | PALM SPRINGS AMD |
| City | Hialeah |
| County | Miami-Dade |
| State | FL |
| Zip Code | 33012-2717 |
Amenities
| Utilities | Cable Available, Electricity Available, Phone Available, Sewer Available, Trash Collection |
|---|---|
| View | Canal |
| Is Waterfront | Yes |
| Waterfront | Canal Front, Canal Access |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | 85x105 |
|---|---|
| Windows | Impact Glass |
Additional Information
| Date Listed | August 5th, 2024 |
|---|---|
| Days on Market | 456 |
| Zoning | 4400 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RE/MAX Advance Realty II |
|---|