955 W 23rd St, Hialeah, FL 33010
Local realty services provided by:Better Homes and Gardens Real Estate Destinations
Listed by: mauricio villasuso, marcel perez
Office: fausto commercial realty consultants inc786-748-7373
MLS#:A11993310
Source:SEFMLS
Price summary
- Price:$1,250,000
- Price per sq. ft.:$352.71
About this home
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....
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Home facts
- Year built:1969
- Listing ID #:A11993310
- Updated:April 11, 2026 at 09:57 AM
Rooms and interior
- Flooring:Terrazzo
- Living area:3,544 sq. ft.
Heating and cooling
- Cooling:Electric, Wall/Window Units
- Heating:Electric, Heat Pump
Structure and exterior
- Roof:Concrete
- Year built:1969
- Building area:3,544 sq. ft.
- Lot Features:Corner Lot
- Architectural Style:Fourplex
- Construction Materials:Block
- Exterior Features:Fence, Storm Security Shutters
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,250,000
- Price per sq. ft.:$352.71
- Tax amount:$11,990 (2025)
Features and amenities
- Amenities:Lighting
Parking
- Total parking spaces:4
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