10 WEST 53RD TER, Hialeah
$1,400,000 USD 4 3
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| Address | 10 WEST 53RD TER, Hialeah |
| Building Name | PALM SPRINGS AMD |
| Type of Property | Single Family Residence |
| Property Style | House |
| Price | $1,400,000 |
| Previous Price | $1,500,000 (23 days ago) |
| Property Status | Active |
| MLS Number | A11662830 |
| Bedrooms Number | 4 |
| Full Bathrooms Number | 3 |
| Living Area | 1575 |
| Lot Size | 13127 |
| Year Built | 1952 |
| Folio Number | 04-21-31-001-1590 |
| Zoning Information | 4400 |
| Days on Market | 261 |
Detailed Description: 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
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Address Information
| State | Florida |
| City | Hialeah |
| County | Miami-Dade County |
| Zip Code | 33012 |
| Address | 10 WEST 53RD TER |
| Section | 31 |
| Zip Code (4 Digits) | 2717 |
Financial Information
| Price | $1,400,000 |
| Price per Foot | $0 |
| Previous Price | $1,500,000 |
| Folio Number | 04-21-31-001-1590 |
| Tax Amount | $4,939 |
| Tax Year | 2023 |
Full Descriptions
| Detailed Description | 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 |
| Property View | Garden |
| Water Access | None |
| Waterfront Description | WF / No Ocean Access, Canal Front |
| Design Description | Detached, One Story, Ranch |
| Roof Description | Shingle |
| Floor Description | Tile |
| Interior Features | First Floor Entry, Closet Cabinetry, Pantry, Attic, Family Room, Separate Guest / In-Law Quarters, Utility R |
| Equipment Appliances | Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer |
| Cooling Description | Central Air |
| Heating Description | Central |
| Water Description | Municipal Water |
| Sewer Description | Public Sewer |
| Parking Description | Circular Driveway, Driveway |
| Pet Restrictions | Yes |
Property parameters
| Bedrooms Number | 4 |
| Full Baths Number | 3 |
| Living Area | 1575 |
| Lot Size | 13127 |
| Zoning Information | 4400 |
| Year Built | 1952 |
| Type of Property | Single Family Residence |
| Style | House |
| Building Name | PALM SPRINGS AMD |
| Development Name | PALM SPRINGS AMD |
| Construction Type | CBS Construction |
| Street Direction | West |
| Listed with | RE/MAX Advance Realty II |