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

Features
: Central Building A/c
: Central Building A/c, Central Individual A/c
: 100
: Other
Address Map
FL
Miami-Dade County
Opa-Locka
33054
13240 Port Said Rd
0
W81° 44' 48.4''
N25° 53' 39.8''
MLS Addon
1
: 1 To 3 Year Lease
: Sale
2
$63,239
4400

Commercial Sale For Sale

13240 Port Said Rd, Opa-Locka, Florida 33054

32,100 Sqft
$8,640,000
Listing ID #A11750103
Basic Details
Property Type : Commercial Sale
Property SubType : Income/multifamily
Listing Type : For Sale
Listing ID : A11750103
Price : $8,640,000
Year Built : 1972
Lot Area : 32,100 Sqft
Building Area : 47,116 Sqft
Status : Active
Agent info
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