**Investment Opportunity in Opa-Locka, Miami!**
Fausto Commercial presents this 4-unit multifamily property in Central Miami’s growing Opa-Locka. Each unit includes one bedroom, one bath, and separate electric and water meters. The property features front and rear entrances, with an option for a rear laundry room. Market rents exceed $1,800, with Section 8 paying up to $1,884, delivering a pro forma cap rate over 8%. Located on a quiet stretch of Opa-Locka Blvd, the property also has commercial zoning, allowing for business office use by right. Opa-Locka’s growth, driven by major developments like the new Amazon warehouse, makes this an ideal investment opportunity.
Fausto Commercial presents this 4-unit multifamily property in Central Miami’s growing Opa-Locka. Each unit includes one bedroom, one bath, and separate electric and water meters. The property features front and rear entrances, with an option for a rear laundry room. Market rents exceed $1,800, with Section 8 paying up to $1,884, delivering a pro forma cap rate over 8%. Located on a quiet stretch of Opa-Locka Blvd, the property also has commercial zoning, allowing for business office use by right. Opa-Locka’s growth, driven by major developments like the new Amazon warehouse, makes this an ideal investment opportunity.
Property Details
Price:
$790,000
MLS #:
A11644308
Status:
Active
Beds:
0
Baths:
0
Address:
1020 Opa Locka Blvd
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
OPA LOCKA PL NO 3
Neighborhood:
Opa Locka Pl No 3
City:
Opa-Locka
Listed Date:
Aug 19, 2024
State:
FL
Finished Sq Ft:
2,054
Total Sq Ft:
2,054
ZIP:
33054
Year Built:
1958
Units:
4
See this Listing
CENTURY 21 Carioti is a full service real estate company servicing the State of Florida with a headquarters in Orlando, FL.
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Flooring
Concrete
Heating
Central, Electric
Exterior
Architectural Style
Attached
Parking Spots
4
Roof
Flat Tile
Financial
Tax Year
2023
Taxes
$8,246
Map
Community
- Address1020 Opa Locka Blvd Opa-Locka FL
- SubdivisionOPA LOCKA PL NO 3
- CityOpa-Locka
- CountyMiami-Dade County
- Zip Code33054
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Courtesy of Fausto Commercial Realty Consultants Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Miami, FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Miami, FL. All rights reserved.
1020 Opa Locka Blvd
Opa-Locka, FL
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