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775 W 29th St
Hialeah, FL 33012
Walker Park Apartments · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- 1968 Concrete Block Construction
- Ten On-Site Parking Spaces
- Located In The Highly Soughtafter Hialeah Rental Market
- Easy Access To Palmetto Expressway (SR-826) And Okeechobee Road (US-27)
- Legacy Asset Being Offered For Sale For The First Time In Over 40 Years
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present Walker Park Apartments, an eight-unit multifamily property located at 775 W 29th Street in Hialeah, Florida. Built in 1968, the property totals 5,172 gross square feet and is situated on a 0.14-acre lot in one of Miami-Dade County’s strongest rental submarkets. The unit mix consists of eight (8) one-bedroom/one-bathroom apartments, each averaging approximately 560 square feet. Property features include a pitched composite shingle roof, ten on-site parking spaces, and a straightforward design that caters to workforce housing demand.
Situated in central Hialeah, Walker Park Apartments benefits from excellent connectivity to major transportation arteries including the Palmetto Expressway (SR-826) and Okeechobee Road (US-27). The property is within minutes of major employment drivers such as Hialeah Hospital, Miami International Airport, and the industrial corridors that define the area as one of South Florida’s strongest blue-collar employment hubs.
With its strong location, durable construction, and consistent demand for workforce housing, Walker Park Apartments represents an attractive opportunity for investors seeking reliable cash flow and long-term value in a supply-constrained submarket.
Situated in central Hialeah, Walker Park Apartments benefits from excellent connectivity to major transportation arteries including the Palmetto Expressway (SR-826) and Okeechobee Road (US-27). The property is within minutes of major employment drivers such as Hialeah Hospital, Miami International Airport, and the industrial corridors that define the area as one of South Florida’s strongest blue-collar employment hubs.
With its strong location, durable construction, and consistent demand for workforce housing, Walker Park Apartments represents an attractive opportunity for investors seeking reliable cash flow and long-term value in a supply-constrained submarket.
PROPERTY FACTS
| Price Per Unit | $320,166 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.77% | Lot Size | 0.14 AC |
| Gross Rent Multiplier | 10.71 | Building Size | 5,172 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1968 |
| Zoning | C-2 | ||
| Price Per Unit | $320,166 CAD |
| Sale Type | Investment |
| Cap Rate | 5.77% |
| Gross Rent Multiplier | 10.71 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,172 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1968 |
| Zoning | C-2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $2,492 CAD | 560 |
PROPERTY TAXES
| Parcel Number | 04-3012-003-0712 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,017,767 CAD |
PROPERTY TAXES
Parcel Number
04-3012-003-0712
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,017,767 CAD
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