955 W 23rd St, Hialeah, FL 33010
See all 30 photos
955 W 23rd St, Hialeah, FL 33010
955 W 23rd St, Hialeah, FL 33010
955 W 23rd St, Hialeah, FL 33010
955 W 23rd St, Hialeah, FL 33010
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 1,250,000
Est. payment /mo
Save Virtual Tour
Pending

955 W 23rd St Hialeah, FL 33010

3,544 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 3,544 sqft

Price per Sqft $352

Subdivision Hia Homesites 1St Addn

MLS Listing ID A11993310

Style Fourplex

HOA Y/N No

Year Built 1969

Annual Tax Amount $11,990

Tax Year 2025

Contingent No Contingencies

Property Sub-Type Quadruplex

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.

The 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.

Strategically 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.

Location

State FL

County Miami-dade

Community Hia Homesites 1St Addn

Area 32

Interior

Heating Electric, Heat Pump

Cooling Electric, Wall/Window Unit(s)

Flooring Terrazzo

Exterior

Exterior Feature Fence, Lighting, Storm/Security Shutters

Pool None

Community Features Laundry Facilities

Utilities Available Cable Not Available

Roof Type Concrete

Total Parking Spaces 4

Private Pool No

Building

Lot Description Corner Lot, < 1/4 Acre

Story 2

Sewer Public Sewer

Water Public

Architectural Style Fourplex

Level or Stories Two

Structure Type Block

Others

Tax ID 04-30-12-019-0292

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11993310

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Fausto Commercial Realty Consultants Inc

NEARBY SCHOOLS & PROPERTIES

Alex Mendel

Alex Mendel

Agent

+1(561) 827-8449

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Alex Mendel | Keller Williams Realty, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

955 W 23rd St

QUICK SEARCH
There are 51 quick searches