South Florida Real Estate Investors Look to Hialeah

by Isaac Benmergui, Esq on November 25, 2012

Eyeing the foreclosure meltdown in the rearview mirror, Hialeah is emerging as a star in the real estate investment game. The working-class suburb, home to 230,000 people, has seen an influx of real estate investors looking for distressed condo deals.

As the South Florida condominium market stabilizes, investors are branching out into neighborhoods located away from the coast, such as Hialeah, in order to capitalize on the remaining available distressed properties. In what used to be a market flooded with distressed properties, the inventory has slipped to less than 15 percent of all available condo and townhome units throughout Miami-Dade.

Investors are eager to snatch up the remaining inventory before the nearly 90 proposed condominium towers in the tricounty region are completed. Condos near the coast average $300 per square foot, while properties farther inland start at less than $75 per square foot enabling buyers to maximize their dollars.

Getting Legal Help

The law offices of Isaac Benmergui can help you with your legal real estate needs; call 780-800-2510 or email Isaac@benmerguilaw.com for more information or to set up an appointment today.

 

 

 

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