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Multifamily Residential
$8,640,000
13240 Port Said Rd Opa-Locka, FL

A11750103

96 of 106 for Sale
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  • Listed On:

    Feb 22, 2025
  • Days on Market:

    66
  • Year:

    1972
  • Taxes:

    $63,239 per year
  • Floor Description:

  • Occupancy:

  • Zoning:

  • Parking:

13240 Port Said Rd Opa-Locka, FL 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

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