Basics
| Date added Added 1 week ago | Category Income/MultiFamily | Type Commercial Sale | Status Active |
| Lot size, sq ft 129583 sq ft | Year built 1952 | LeaseTerm 1 To 3 Year Lease | ListOfficeName Fausto Commercial Realty Consultants Inc |
| ListAOR Miami Association of REALTORS® | MLS ID A11750314 |
Description
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Description:
Opa-Locka multifamily portfolio with 102 units, mostly two-bedroom units, offering higher returns and strong cash flow. One-bedroom units in the area are selling for $180K per door, making this an excellent investment opportunity.
Section 8 rents are now above market rates, ensuring consistent premium rental income.
Located in Miami’s growing Opa-Locka neighborhood, this portfolio includes five properties:
2301 Atlantic Ave (24 units) – All two-bedroom units
13240 Port Said Rd (24 units) – 22 two-bedroom, 2 one-bedroom
1219 Sharazad Blvd (38 units) – 24 two-bedroom, 8 one-bedroom, 6 studios
2070 Ali Baba Ave (8 units) – 6 two-bedroom, 2 one-bedroom
1331 Sharazad Blvd (8 units) – 4 one-bedroom, 4 studiosCap rate is 6.5% with a pro-forma of 8.61%.
Location
- CountyOrParish: Miami-Dade County
Building Details
- Cooling features: Central Individual A/C
- ParkingTotal: 150
- NewConstructionYN: No
- Exterior material: CBS Construction, Concrete Block Construction
- Heating: Central Individual A/C
Video
- Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11750314
Amenities & Features
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- CoolingYN: Yes
- PoolPrivateYN: No
- FireplaceYN: No
