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955 W 23rd St 4 Unit Apartment Building $1,738,225 CAD ($434,556 CAD/Unit) Hialeah, FL 33010
Investment Highlights
- Four spacious 2-bedroom, 1-bathroom units with private layouts.
- Individual mini-split AC systems for efficient utility management.
- Located minutes from Miami International Airport and key transit routes.
- Major improvements completed: new roof (2025), 40-year recertification, on-site laundry.
- Current rents significantly below market, offering strong value-add potential.
Executive Summary
This turnkey fourplex presents an exceptional investment opportunity in one of Miami’s most resilient rental submarkets. Located on a prime corner lot in Hialeah, the property consists of four spacious 2-bedroom, 1-bathroom units, each designed with a functional layout and equipped with individual mini-split AC systems for efficient utility management.
The asset has undergone significant capital improvements, including a new roof (2025), a completed 40-year recertification, and on-site laundry facilities, reducing risk and ensuring long-term stability. With current rents well below market averages, investors can capitalize on immediate upside through lease renewals and minor cosmetic upgrades.
Positioned on a 5,300 SF lot and zoned for high-density residential use, this property offers both strong cash flow and long-term appreciation potential. Its strategic location near Miami International Airport, the Okeechobee Metrorail Station, and major commuter corridors ensures consistent tenant demand. This is an ideal acquisition for investors seeking a value-add multifamily asset in a high-demand market.
The asset has undergone significant capital improvements, including a new roof (2025), a completed 40-year recertification, and on-site laundry facilities, reducing risk and ensuring long-term stability. With current rents well below market averages, investors can capitalize on immediate upside through lease renewals and minor cosmetic upgrades.
Positioned on a 5,300 SF lot and zoned for high-density residential use, this property offers both strong cash flow and long-term appreciation potential. Its strategic location near Miami International Airport, the Okeechobee Metrorail Station, and major commuter corridors ensures consistent tenant demand. This is an ideal acquisition for investors seeking a value-add multifamily asset in a high-demand market.
Property Facts
| Price | $1,738,225 CAD | Building Class | C |
| Price Per Unit | $434,556 CAD | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 4,304 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 - Multifamily | ||
| Price | $1,738,225 CAD |
| Price Per Unit | $434,556 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,304 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R-3 - Multifamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
Moderately walkable
70/100
Fairly drivable
50/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 04-3012-019-0292 | Improvements Assessment | $717,678 CAD |
| Land Assessment | $213,732 CAD | Total Assessment | $931,411 CAD |
Property Taxes
Parcel Number
04-3012-019-0292
Land Assessment
$213,732 CAD
Improvements Assessment
$717,678 CAD
Total Assessment
$931,411 CAD
Contacts
-
Mauricio Villasuso -
Carlos Fausto Miranda -
Fausto Commercial Realty Consultants
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955 W 23rd St
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