661 E 7th St, Hialeah FL 33010
About this home
Excellent investment opportunity in the heart of Hialeah! This versatile property offers strong income-producing potential with a flexible layout ideal for owner-occupants or investors. Tax roll reflects a 3BD/1BA, however the property is currently configured as a spacious 3BD/3BA. Main living area features an updated kitchen, dining area, oversized living room, and 1BD/1BA. Additional private-entry living spaces on each side of the home each offer 1BD/1BA setups currently generating rental income. One former bedroom was converted into expanded living/kitchen space and can easily be converted back, creating the potential for a 4BD/3BA layout. Property sits on a generous 7,500 SF lot with ample parking and excellent use potential. Existing violations are in the process of being resolved by seller, including an unpermitted detached 1BD/1BA structure. Buyer may have the option to legalize improvements subject to city approval, or seller can remove prior to closing. Roof permits appear in public records from 2016. Property also features a newer central A/C system installed in 2023 and updated water heater from 2024. Centrally located near major highways, shopping, schools, and Miami International Airport. Great opportunity in a high-demand rental market with strong upside potential. Buyer to verify all information, permits, square footage, and legal use independently.
Features
- First Floor Entry
- Other
- Room For Pool
- None
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $3,034
- HOA
- None
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
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Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.