EZ 2 Own Homes Realty is pleased to offer Ronnie’s Place for sale. A 12- unit apartment complex with an additional retail store unit in Hialeah, Fl.
Ronny’s Place will consist of one three story building totaling 13 units that will be completed as new construction in 2019. The building will consist of …….. sf with a 11,508sf lot according to the Miami-Dade County Property Appraiser.
Ronny’s Place will consist of 12 one bedroom and one-bathroom units averaging around 640 square feet per unit. The 13th unit will be an 1,181 square foot retail store face Palm Avenue. The units will have central air conditioning, electric appliances, washer and dryer, and impact windows.
Ronny’s Place is located directly on Palm Avenue between 42nd and 43rd street in the heart of Hialeah. Great schools, parks, hospitals, churches, malls, dining, and entertainment are all located within proximity to Ronnie’s Place.
Some examples include Amelia Earhart Park, Hialeah High School, Hialeah Park Racing and Casino, Westland Mall, Hialeah Hospital, and Immaculate Conception Catholic.
Ronny’s place is also close to major highways including the Palmetto Expressway, The Gratigny Expressway, and Interstate 75. Both Miami International Airport and Fort Lauderdale Airport are both within 30 minutes.
Hialeah, Florida is the sixth largest city in Florida making it a very reliable real estate market. It consists of over 225,000 people in a small per mile area. The Cuban and Cuban American culture makes up for almost 75 percent of the population in Hialeah. Hispanics and Latinos make up for 95 percent of the city. Hialeah is home to the second largest Spanish- language television network in the United States, Telemundo. Another benefit of Hialeah are the transportation stations located within the city. Both the Miami Metrorail and Tri-Rail/Metrorail are easily accessible from any part of Hialeah.
Ronny’s Place is for sale for $2,499,000. $192,231 per unit.
Cap Rate: 5.9% EGI: $17,444 monthly NOI: $153,234