1871 W 62 Street, Hialeah, FL 33012 (MLS# N258458)

1871 W 62 Street, Hialeah, FL 33012

$9,450,000
Property Type: Commercial Sale Square Footage: 121,351 Status: Closed
Current Price: $9,450,000 List Date: 1/11/2008 Last Modified: 4/09/2026

Overview

Description

GREAT INVESTMENT OPPORTUNITY NEAR PALMETTO X-WAY, I-75, WESTLAND MALL AND PALMETTO HOSPITAL.NICE POOL, FENCED WITH 160 PARKING SPACES. 80% OF UNITS HAVE NEW CERAMIC TILE FLOORS, NEW BATHROOMS AND NEW APPLIANCES. THE ROOF WAS REPLACED IN NOVEMBER 2007. 1 00% RENTED ALL THE TIME. UNDER NO circumstances VISIT PREMISES WITHOUT AN APPOINTMENT. EASY TO SHOW. OWNER WILL CONSIDER TAKING A FIRST MORTGAGE.

Listing Details MLS# N258458

General Property Information

Number Of Buildings
Yes
Property Sub Type
Multi Family
Number Of Units Total
7
Price Per Unit
115000
Occupant Type
Tenant
Building Area Main
121351
Year Built
1972
Parking Total
160
Lot Size Area
121532.4
Lot Size Acres
2.79
Stories Total
3

Property Features

Documents Available: Other Available Information Electric: 110 Volts; 220 Volts Flooring: Ceramic Tile Heating: Electric Location of Property: City Location Parking Features: Assigned Possession: Negotiable Sale Includes: Building; Land Source Of Expenses: Owner Provided Construction Materials: CBS Cooling: Central Individual Listing Terms: Cash; Conventional Sewer: Public Sewer Special Information: Corporate Owned; Disclosure Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent

Contract Information

Comp Sale YN
No
Original List Price
11500000

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
1871
Street Direction Prefix
W
Street Name
62
Street Suffix
Street
City Name
Hialeah
Municipal Code
4
State Or Province
FL
Postal Code
33012
Postal Code +4
6085
Area
2200
Parcel Number
0420350380080
Subdivision Number
38
Zoning
44/MULTI
Directions
WEST 60 ST TO 19 AVENUE AND THEN NORTH TO THE NOTHWEST CORNER OF 62 ST AND 19 AV.

Financial Information

Tax Annual Amount
175857
Tax Year
2007
Tax Assessed/SOH Value
8007053
Tax Legal Description
LAKE ROBIN SEC ONE PB 92-44LOT 8 BLK 1 & PORT LOTS 9 & 10 BLK 1 PB 92-75 DESC BEG SW COR LOT 9 S60.05FT W247.51FT N326.19 FT E

Status Change Information

Major Change Timestamp
2008-07-01T03:03:37Z
Major Change Type
Status Change
Status Change Date
2008-07-14
Under Contract Date
2008-05-02
Close Date
2008-06-30
Close Price
9450000
Buyer Financing
Seller Financing

More Information

Building and Property Details

# Of Offices
Yes
# Of Tenants
100

Meter Information

Number Of Meters Total
Yes

Income and Expenses

Gross Income
1100000
Gross Scheduled Income
1100000
Inc/Exp Statement Period
2007
Insurance Expense
116000
Maintenance Expense
36000
Other Expense
445757
Other Income
1200
Professional Management Expense
24000
Real Estate Taxes
175857
Trash Expense
11400
Utilities Expense
75300
Occupancy Percentage
100
Vacancy Allowance Rate
0

Description of Unit Type 1

Units Total
38

Description of Unit Type 2

Units Total
18

Description of Unit Type 3

Units Total
44

Concessions

Seller Concessions
No

Section Details

Parcel Number MLX
0080

Originating Details

Originating System Key
27349446
Originating System ID
M00000151

Currently Not Used

Ownership Type
Corporation

Office/Member Information

DXORIGMLSID
SEF

Electric

110 Volts
Yes
220 Volts
Yes

Flooring

Ceramic Tile
Yes

Parking Features

Assigned
Yes

Documents Available

Other Available Information
Yes

Location of Property

City Location
Yes

Possession

Negotiable
Yes

Sewer

Public Sewer
Yes

Special Information

Corporate Owned
Yes
Disclosure
Yes

Heating

Electric
Yes

Sale Includes

Building
Yes
Land
Yes

Construction Materials

CBS
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Water Source

Public
Yes

Source Of Expenses

Owner Provided
Yes

Cooling

Central Individual
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Agent
Yes
IDX
Listing Office: M&J Real Estate Group, Inc.
Last Updated: April - 09 - 2026
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