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$8,640,000
Est. payment /mo
47,116 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 47,116 sqft
Price per Sqft $183
MLS Listing ID A11750103
HOA Y/N Yes
Year Built 1972
Annual Tax Amount $63,239
Lot Size 0.737 Acres
Property Sub-Type Multi Family
Property Description
Multi-family investment opportunity in Opa-Locka, Miami. 48-unit portfolio consists mostly of two-bedroom units, offering higher rental income and stronger returns. One-bedroom units in the area are already selling for $180K per door, making this a competitive investment.
Opa-Locka is undergoing rapid gentrification, one of the last areas in Miami with affordable entry points. Section 8 is now paying above market rents, creating an unmatched cash-flow opportunity.
Total Building Size: 47,116 SqFt Total Lot Size: 71,954 SqFt
2301 Atlantic Ave: 24 Units 24 x 2Bed/1Bath Building Size: 24,180 SqFt Lot Size: 32,100 SqFt
13240 Port Said Rd: 24 Units 22 x 2Bed/1Bath, 2 x 1Bed/1Bath Building Size: 22,936 SqFt | Lot Size: 39,852 SqFt Cap Rate: 5.69% Pro-Forma: 8.55% Price per Door: $180K
Opa-Locka is undergoing rapid gentrification, one of the last areas in Miami with affordable entry points. Section 8 is now paying above market rents, creating an unmatched cash-flow opportunity.
Total Building Size: 47,116 SqFt Total Lot Size: 71,954 SqFt
2301 Atlantic Ave: 24 Units 24 x 2Bed/1Bath Building Size: 24,180 SqFt Lot Size: 32,100 SqFt
13240 Port Said Rd: 24 Units 22 x 2Bed/1Bath, 2 x 1Bed/1Bath Building Size: 22,936 SqFt | Lot Size: 39,852 SqFt Cap Rate: 5.69% Pro-Forma: 8.55% Price per Door: $180K
Location
State FL
County Miami-dade
Area 31
Interior
Heating Central
Cooling Central Air
Exterior
Total Parking Spaces 100
Private Pool Yes
Building
Story 2
Sewer Other
Level or Stories Two
Others
Tax ID 08-21-28-007-0160
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11750103
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Listed by Campos Commercial Real Estate LLC