Basic Information

  • MLS # A11750103
  • Type Multi Family
  • Status Active
  • Year Built 1972
  • Total Size 32,100 Sq.Ft / 0.74 Acre
  • Date Listed 02/22/2025
  • Days on Market 75
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

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description
  • Style Multi Family

Interior Features

  • Adjusted Sqft 0.74 AcreSq.Ft
  • Cooling Description Central Air
  • Heating Description Central
  • Sqft 0.74 Acre Sq.Ft

Property Features

  • Address 13240 Port Said Rd
  • Aprox. Lot Size 32,100
  • City Opa- Locka
  • County Miami- Dade
  • Furnished Info no
  • Levels Two
  • Occupant Type Call Agent
  • Possession Close Of Escrow
  • Postal City Opa-Locka
  • Public Survey Section Two
  • Sewer Description Other
  • Stories 2
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $63,239
  • Tax Legal desc 28-295241.75 A C P B38-56 R E V P L A T N I L E G A R D E N S S E C1 S100 F T O F N908.93 F T T R301- B A/ K/ A L O T S33-34-35-36 L O T S I Z E32100 S Q U A R E F E E T C O C2
  • Tax Year 0
  • Type of Property Multi Family

13240 Port Said Rd

Opa-Locka, FL 33054

Similar Properties For Sale

The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Campos Commercial Real Estate LLC. tel: 786-805-7408

Real Estate IDX Powered by: TREMGROUP