955 W 23rd St, Hialeah, FL 33010

• 3,544 sqft

Property Description

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.

Listing Status:

Pending

Date Added:

March 24, 2026

Data Last Updated:

July 26, 2026 at 9:06PM

Listing Office:

Fausto Commercial Realty Consultants Inc : 786-748-7373

Listing Agent:

Mauricio Villasuso : 305-340-8901

MLS ID:

A11993310

Interior

• Flooring: Terrazzo
• A/C: ElectricWall/Window Unit(s)
• Heating: ElectricReverse Cycle Unit

Exterior

• General: Exterior Lights
• Style: Detached
• Parking: Parking spaces: 4

Construction

• Roofing: Concrete
• Windows: Complete Accordian ShuttersHurricane Shutters
• General: CBS Construction2

Location

• Originating MLS: Miami Association of REALTORS®
• County: Miami-Dade County

Lot

• Zoning: 4600PB 18-37 HIALEAH HOMESITES 1ST ADDN LOTS 21 & 22 BLK 5 LOT SIZE 5300 SQUARE FEET OR 14654-829 0890 104-30-12-019-0292
• Fencing: Fenced

Utilities

• Water: Municipal Water
• Sewer: Public Sewer

Financial

• Source: Miami Association of REALTORS®