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Property view

955 W 23rd, 
Hialeah, FL 33010

$1,100,000


—

Bed


—

Bath


3,544

Sq Ft


Multi-Family

Sold

Listed by

Mauricio Villasuso

, 

Marcel Perez

Bought with Fausto Commercial Realty Consultants Inc

Fausto Commercial Realty Consultants Inc

MLS#

A11993310

Source:

FL RAMC

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About This Home

955 W 23rd

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.

Home Facts

Multi-Family

Built in 1969

Subdivision & Development:

HIA HOMESITES 1ST ADDN

Price Summary

1,250,000

$352 per Sq. Ft.

MLS #:

A11993310

Sold:

July 17, 2026


Rooms & Interior

Interior

Living Area:

3,544 Sq. Ft.


Structure

Structure

Building Area:

3,544 Sq. Ft.

Year Built:

1969


Finances & Disclosures

Finances

Price:

$1,250,000

Price per Sq. Ft:

$352 per Sq. Ft.

MLS Logo
The data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than Coldwell Banker Realty are marked with the IDX logo (Broker Reciprocity) or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.