**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
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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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