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Sold on 10/27/2023

985-987 SE 1st St, Hialeah, FL 33010

$605,000

Last sold 10/27/2023 after 1067 Days

  • 5

    bed

  • 3

    bath

  • 2,012

    Sqft ($301/Sqft)

Multi-family not for sale
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About 985-987 SE 1st St

Property type Multi-family
Neighborhood
Year built 1958
HOA fee $0/month
Property description
Introducing a Hialeah gem! This duplex, situated at the end of a cul-de-sac, awaits your vision. Unit 1 offers 2 bedrooms and 1 bathroom, while Unit 2 boasts 3 bedrooms and 2 bathrooms, both currently leased below market value. Huge upside potential: These units are ready for your creative touch, offering the potential to unlock their true value. With market rents in the area soaring to $2,400 for the 2/1 and $3,200 for the 3/2, your investment possibilities are limitless. Estimated pro-forma cap rate of 8-10%. Whether you're a seasoned investor looking to maximize rental income or a homeowner seeking additional income from one of the units, this property fits the bill perfectly.
Listed by
Listing Agent - Jorge Guanche
Listing Office - Compass Florida, LLC.
Source: SEFMLS mls logo
MLS#A11472274 • last updated 1 month ago
Movoto checked SEFMLS for data 2 minutes ago
Overview
Levels/Style One, 1
Type Residential Income
SubType Duplex
Status Closed
Virtual Tour N/A
MLS # A11472274
SqFt 2012
Property Tax 6491
Year Built 1958
Interior
# Full Baths 3
Total # of Baths 3
Total # of Bedrooms 5
Flooring Tile
Exterior
Roof Shingle
Exterior Block
# Parking Spaces 4
Lot Desc < 1/4 Acre
Amenities / Utilities
Utilities Cable Available
Sewer/ Septic Public Sewer
Pool Desc None
Location
Subdivision HIALEAH 54TH STREET ADDN
Area/ Subdivision 31
APN 04-31-20-041-0040
Zoning 5400
Multifamily Details
Rent Includes None
Lot/ Land Details
Possible Use Investment
We are not permitted to show value estimates for this property.
  • Mar 2024
    Public Records
  • Mar 22, 2024 Sold
    $605,000
  • Mar 2024
    mls logo MLS # A11472274
  • Mar 11, 2024 Sold
    $605,000 (+2.7%)
  • Oct 27, 2023 Pending
    —
  • Oct 27, 2023 Active
    —
  • Oct 19, 2023 Listed
    $589,000
  • Year Property taxes Tax assessment
  • 2024
    $8,727 +12.8%
    $525,010 +19.13%
  • 2023
    $7,738 +14.4%
    $440,712 +22.27%
  • 2022
    $6,761 +28.9%
    $360,448 +20.41%
  • 2021
    $5,245 +3.2%
    $299,353
  • 2020
    $5,081 +6.4%
    $299,353 +2.32%
  • 2019
    $4,777 +13.3%
    $292,562 +10.57%
  • 2018
    $4,218 +8.6%
    $264,587 +45.75%
  • 2017
    $3,884 +9.2%
    $181,538 +10.0%
  • 2016
    $3,557 +16.6%
    $165,035
  • 2015
    $3,051
    —
  • 985-987 SE 1st St
    $605K
  • Hialeah 54th Street Addn
    —
  • 33010
    $597K +3% y/y
  • Hialeah
    $490K +1% y/y
No chart available
Statistics calculated by Movoto

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3/10
Lorah Park Elementary School
public Grades PK, K-5
Miami-Dade County Public Schools
3/10
Miami Springs Middle School
public Grades 6-8
Miami-Dade County Public Schools
Source: GreatSchools.org © 2026. All rights reserved.

Around Hialeah 54th Street Addn

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