Residences at West 29 1460 W 29th St 8 Unit Apartment Building $3,067,900 CAD ($383,488 CAD/Unit) Hialeah, FL 33012

Residences at West 29 presents a compelling value-add multifamily investment opportunity in the high-demand rental market of Hialeah. Located at 1460 W 29th Street, the property features 100% two-bedroom units, ideally suited for the area’s strong workforce and family-oriented tenant base.
The asset is currently operating with in-place rents averaging approximately $1,300, significantly below estimated market rents of $2,000, offering investors a clear and scalable path to increased revenue. This substantial rent gap provides immediate upside through unit renovations, operational improvements, and strategic rent adjustments.
Notably, all leases are month-to-month, allowing for maximum flexibility and rapid execution of a value-add strategy. New ownership can efficiently implement rent increases and reposition the asset without being encumbered by long-term lease structures.
The property is strategically located with convenient access to major thoroughfares and employment centers throughout the greater Miami metro area. With strong population density, limited new supply, and continued rental growth across Miami-Dade County, the asset benefits from durable demand and long-term appreciation potential.
Residences at West 29 offers investors a rare opportunity to acquire a fully occupied, income-producing asset with immediate upside and operational flexibility in one of South Florida’s most resilient multifamily submarkets.