Basic Information

  • MLS # A11750110
  • Type Multi Family
  • Status Active
  • Year Built 1972
  • Total Size 71,954 Sq.Ft / 1.65 Acre
  • Date Listed 02/22/2025
  • Days on Market 75
Description

Multi-Family Investment Opportunity – Opa-Locka, Miami This 48-unit portfolio consists mostly of two-bedroom units, offering higher rental income and stronger returns. With one-bedroom units already selling for $180K per door, this is a competitive investment. Opa-Locka is experiencing rapid growth and gentrification, making it one of the last affordable investment areas in Miami. Section 8 now pays above market rents, creating a strong 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
  • Construction Type Block
  • Parking Description
  • Style Multi Family

Interior Features

  • Adjusted Sqft 1.65 AcreSq.Ft
  • Cooling Description Central Air
  • Heating Description Central, Electric
  • Sqft 1.65 Acre Sq.Ft

Property Features

  • Address 2301 Atlantic Ave
  • Aprox. Lot Size 71,954
  • City Opa- Locka
  • Construction Materials Block
  • County Miami- Dade
  • Furnished Info no
  • Levels Two
  • Listing Terms Cash, Conventional
  • Occupant Type Call Agent
  • Postal City Opa-Locka
  • Public Survey Section Two
  • Sewer Description Other
  • Stories 2
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $24,889
  • Tax Legal desc R A M E Y S U B P B64-117 L O T S6&7 L O T S I Z E12744 S Q F T O R16057-0300/17825-2320-3210973 C O C23906-21361020052
  • Tax Year 0
  • Terms Considered Cash, Conventional
  • Type of Property Multi Family
  • Water Source Public

2301 Atlantic Ave

Opa-Locka, FL 33054

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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: Fausto Commercial Realty Consultants Inc. tel: 786-748-7373

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