85 W 28th St, Hialeah, FL
About this property
This well-maintained, 2-story building with 4,905 sq ft of living space sits on a 6,450 sq ft lot and was built in 1971. Key updates include a 1 year old roof, security cameras and impact windows. The property features a mix of four 1BD/1BA units and four 2BD/1BA units. It is 100% occupied on flexible month-to-month leases, offering an ideal opportunity for rent optimization in a market with consistent year-over-year growth. Annual Gross Income: $124,800 - Operating Expenses: $49,000 - Net Operating Income (NOI): $75,800 GRM 13.62 (4.69% cap rate at asking price) - Pro Forma Potential: Immediate 5-10% rent upside due to below-market rates and strong local demand. DO NOT DISTURB THE TENANTS.
Property facts
- Sqft
- 4,905
- Year Built
- 1971
- Location
- Hialeah, FL 33010
- County
- Miami-Dade County
- FEMA flood zone
- Zone AH, special flood hazard area
- Base flood elevation
- 8 ft (NGVD29)
- Ground elevation
- 3.9 ft
- Hurricane evacuation zone
- Zone E
- Distance to the coast
- 6.0 mi
Sources: FEMA National Flood Hazard Layer (panel 12086C0281L, effective 2009-09-11), USGS 3DEP, Florida Division of Emergency Management, OpenStreetMap coastline. Checked 2026-10-02. Public map data looked up at this location, not a survey or an insurance quote. Confirm with an elevation certificate, the county and your insurer.
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Interested in this property?
Contact Anthony Conners at Atlantic Commercial Advisors to schedule a showing or learn more.