13240 Port Said Rd

opa-locka, FL 33054

$8,640,000

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    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

    lease term

    1 to 3 years

    Details

    47,116 Sq Ft

    0.74 Private Acres Exterior Space

    Commercial

    $63,239 Annual Tax

    Built in 1972

    MLS/Listing ID A11750103

    2 Stories

    Amenities & Features

    Cooling - Central Building AC

    Heating - Central Building

    Listing Courtesy of CAMPOS COMMERCIAL REAL ESTATE LLC, FRANCISCO CAMPOS - 786-805-7408

    MIAMIRE

    Source of Data: MIAMI ASSOCIATION OF REALTORS

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