1020 Opa Locka Blvd, Opa Locka, Florida, United States

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Home For Sale

$790,000

1020 Opa Locka Blvd
Opa Locka, Florida, United States

Listed By: Realtyww Info

Listed On: 08/21/2024

Listing ID: GL11543550 View More Details

Description

Investment Opportunity in Opa-Locka, Miami! Fausto Commercial presents this 4-unit multifamily property in Central Miamis 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.

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Listed by: Frank Campos