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 competiti

13240 PORT SAID RD, Opa-Locka

$8,640,000 USD
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Address13240 PORT SAID RD, Opa-Locka
Type of PropertyIncome / MultiFamily
Type of BusinessApartments
Price$8,640,000
Property StatusActive
MLS NumberA11750103
Property Size32100
Lot Size32100
Year Built1972
Parking Space Number100
Folio Number08-21-28-007-0160
Zoning Information4400
Days on Market74

Detailed 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 sq.ft Total Lot Size: 71,954 sq.ft 2301 Atlantic Ave: 24 Units 24 x 2Bed / 1Bath Building Size: 24,180 sq.ft Lot Size: 32,100 sq.ft 13240 Port Said Rd: 24 Units 22 x 2Bed / 1Bath, 2 x 1Bed / 1Bath Building Size: 22,936 sq.ft | Lot Size: 39,852 sq.ft Cap Rate: 5.69% Pro-Forma: 8.55% Price per Door: $180K

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Address Information
StateFlorida
CityOpa-Locka
CountyMiami-Dade County
Zip Code33054
Address13240 PORT SAID RD
Section28
Zip Code (4 Digits)4980
Financial Information
Price$8,640,000
Price per Foot$0
Folio Number08-21-28-007-0160
Tax Amount$63,239
Full Descriptions
Detailed DescriptionMulti-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 sq.ft Total Lot Size: 71,954 sq.ft 2301 Atlantic Ave: 24 Units 24 x 2Bed / 1Bath Building Size: 24,180 sq.ft Lot Size: 32,100 sq.ft 13240 Port Said Rd: 24 Units 22 x 2Bed / 1Bath, 2 x 1Bed / 1Bath Building Size: 22,936 sq.ft | Lot Size: 39,852 sq.ft Cap Rate: 5.69% Pro-Forma: 8.55% Price per Door: $180K
Cooling DescriptionCentral Building A / C, Central Individual A / C
Heating DescriptionCentral Building A / C
Sewer DescriptionOther
Property parameters
Living Area32100
Lot Size32100
Total Acreage0.000
Zoning Information4400
Maximum Leasable Size32100
Year Built1972
Type of PropertyIncome / MultiFamily
Type of BusinessApartments
Stories Number2
Parking Space Number100
Listed withCampos Commercial Real Estate LLC