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

Essential Information

MLS® #A11662830
Price$1,500,000
Bedrooms4
Bathrooms3.00
Full Baths3
Square Footage1,575
Year Built1952
TypeResidential
Sub-TypeSingle Family Residence
StyleDetached, Ranch, One Story
StatusActive

Community Information

Address10 W 53rd Ter
Area21
SubdivisionPALM SPRINGS AMD
CityHialeah
CountyMiami-Dade
StateFL
Zip Code33012-2717

Amenities

UtilitiesCable Available
ParkingCircular Driveway, Driveway
ViewGarden
Is WaterfrontYes
WaterfrontCanal Front

Interior

InteriorTile
HeatingCentral
CoolingCentral Air
# of Stories1

Appliances

Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer

Exterior

WindowsImpact Glass
RoofShingle
ConstructionBlock

Exterior Features

Fence, Security/High Impact Doors, Porch, Shed

Additional Information

Listing Courtesy ofRE/MAX Advance Realty II
Date ListedSeptember 19th, 2024

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10 W 53rd Ter, Hialeah, FL – $1,500,000