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$18,540,000
Est. payment /mo
77,340 SqFt
UPDATED:
02/23/2025 02:00 AM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 77,340 sqft
Price per Sqft $239
MLS Listing ID A11750314
HOA Y/N Yes
Year Built 1952
Lot Size 2.975 Acres
Property Sub-Type Multi Family
Property 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 studios
Cap rate is 6.5% with a pro-forma of 8.61%.
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 studios
Cap rate is 6.5% with a pro-forma of 8.61%.
Location
State FL
County Miami-dade
Area 31
Interior
Heating Central
Cooling Central Air
Exterior
Total Parking Spaces 150
Private Pool Yes
Building
Sewer Public Sewer
Water Public
Structure Type Block
Others
Tax ID 08-21-21-002-1270
Ownership Partnership
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11750314
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Listed by Fausto Commercial Realty Consultants Inc
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Milton Knight, CRS
Principal Real Estate Broker | License ID: 0663675
Principal Real Estate Broker License ID: 0663675