Miami Central Multi-Family 103 Unit Portfolio. Total of 11 buildings, of mostly 2 bedroom units, approved and equipped for HUD housing, and all in the municipality of Opa-Locka.
All buildings are of later construction, all concrete and solid structures. Due to their use by government programs, the building have been rigorously kept to the absolute highest condition and with no deferred maintenance. Just set it and forget it- and count your monthly coupons. For 2024, rents are to be guaranteed by the government at up to $2,324 for 2 bedrooms units. At proforma rents, before considering 2024’s increments, this portfolio will be generating $1,666,464 Net Operating Income, with 2024 guaranteeing closer to $2M in NOI, and this at asking price an 11% Cap.
All buildings are of later construction, all concrete and solid structures. Due to their use by government programs, the building have been rigorously kept to the absolute highest condition and with no deferred maintenance. Just set it and forget it- and count your monthly coupons. For 2024, rents are to be guaranteed by the government at up to $2,324 for 2 bedrooms units. At proforma rents, before considering 2024’s increments, this portfolio will be generating $1,666,464 Net Operating Income, with 2024 guaranteeing closer to $2M in NOI, and this at asking price an 11% Cap.
Property Details
Price:
$19,500,000
MLS #:
A11509916
Status:
Active
Beds:
0
Baths:
0
Address:
1241 Sharazad Blvd
Type:
Commercial
Subtype:
Income/MultiFamily
City:
Opa-Locka
Listed Date:
Jan 7, 2024
State:
FL
Finished Sq Ft:
77,218
ZIP:
33054
Year Built:
1954
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Schools
Interior
Exterior
Financial
Buyer Agent Compensation
1.5%%
Taxes
$24,206
Map
Community
- Address1241 Sharazad Blvd Opa-Locka FL
- CityOpa-Locka
- CountyMiami-Dade County
- Zip Code33054
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