UPDATED:
09/30/2024 08:51 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,054 sqft
Price per Sqft $384
Subdivision Opa Locka Pl No 3
MLS Listing ID A11644308
Style Fourplex
Construction Status Effective Year Built
HOA Y/N No
Year Built 1958
Annual Tax Amount $8,246
Tax Year 2023
Property Description
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.
Location
State FL
County Miami-dade
Community Opa Locka Pl No 3
Area 21
Interior
Heating Central, Electric
Cooling Wall/Window Unit(s)
Flooring Concrete
Exterior
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Flat,Tile
Total Parking Spaces 4
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Construction Status Effective Year Built
Others
Tax ID 08-21-21-007-2180
Acceptable Financing Cash, Conventional, FHA 203(k), FHA
Listing Terms Cash, Conventional, FHA 203(k), FHA
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