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Confidential W 16th Ave, Hialeah FL 33012

Commercial Recently Sold
$5,400,000

BTC: 84.37500000

ETH: 3,092.78350515

Sold on: 2023-05-18
11 days
0 room(s)

Overview

LOCATION, LOCATION! 24 UNIT MULTI FAMILY! Two residential buildings, all units 2 Bedrooms/1 Bath. Each building has 12 units nestled on West 16th Avenue totaling 30K+ square footage lot (two separate folios). Immediate cash flow, 100% occupancy. 40yrs inspection performed on 2021, all units have central A/C, New aluminum Handrails throughout, assigned parking + additional parking rented. Building and units are in excellent condition.

Location

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1968
Lot:
15377 Square Feet
Heating:
Central Electric
Price/sqft:
No Data
Cooling:
Central Building A/C
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,800,000
$1.5M – $4.8M
Confidence Low
List vs. estimate
$2.9M above estimate
List $5,688,000 · +103.1%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
7 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $232K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$21,974
All facts and features
  • Heating

    • Central Electric

    Cooling

    • Central Building A/C

  • Lot

    • Lot: 15377 Square Feet

    Other Property Information

    • Parcel Number: 04-20-35-001-0531

    • Zoning: 6400

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Other financial information

    • Annual tax amount: $21,974

  • Source details

    • MLS ID: A11373147

    Other facts

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Cityside Realty Group