85 W 28th Street, Hialeah, FL 33010
$1,615,000 · $329 per sq ft · Multifamily for sale
- Property type: Multi Family
- Asking price: $1,615,000
- Price per sq ft: $329
- Building size: 4,905 sq ft
- Lot size: 6,534 sq ft
- Zoning: 4600
- Year built: 1971
- Stories: 2
- Occupancy: 100%
- Tenant pays: Electricity, Telephone, Interior Electric
- Buildings: 1
- Parking spaces: 10
- Parcel ID: 0431070040930
- MLS#: A12058410
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.
Building Features and Utilities
- Sewer Available
- Block
Operating Statement
| Property taxes | $13,920/yr |
|---|---|
| Insurance | $15,880/yr |
| Maintenance and repairs | $6,000/yr |
| Trash | $4,800/yr |
Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.
About the Business at 85 W 28th Street
- Included: Building, Land
Presented by
BreakThru Realty · (786) 914-1017
Courtesy of
RE/MAX United Realty · maty@matildeaguirre.com · Listing agent: Saul M Milian
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.
Request a tour or more information
Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 85 W 28th Street or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.
Questions About 85 W 28th Street
- How much is 85 W 28th Street?
- 85 W 28th Street is listed at $1,615,000, about $329 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
- What is 85 W 28th Street zoned?
- The listing reports zoning of 4600. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
- How big is 85 W 28th Street?
- The listing reports 4,905 square feet of building.
- When was 85 W 28th Street built?
- 85 W 28th Street was built in 1971. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
- What are the property taxes on 85 W 28th Street?
- The listing reports annual property taxes of $13,920 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
- How do I tour 85 W 28th Street?
- Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.
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