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Gelfand Realty Miami Properties for Sale - Income/MultiFamily for Sale

13240 PORT SAID RD, OPA-LOCKA, FL 33054

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Income/MultiFamily - for Sale

13240 PORT SAID RD, OPA-LOCKA, FL 33054

Asking Price$8,640,000

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  • Days on market:

    118 day(s)

  • Original Price:

    $8,640,000

  • Tax Legal Description:

    28-29 52 41 .75 AC PB 38-56 REV PLAT NILE GARDENS SEC 1 S100FT OF N908.93FT TR 301-B A/K/A LOTS 33-34-35-36 LOT SIZE 32100 SQUARE FEET COC 2

  • Property Type:

    Income/MultiFamily

  • Lease Term Remaining:

    1 To 3 Year Lease

  • Cooling Description:

    Central Individual A/CCentral Building A/C

  • Heating Description:

    Central Building A/C

  • Special Listing Conditions:

    Sale

Description

$8,640,000

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 sqft total lot size: 71,954 sqft 2301 atlantic ave: 24 units 24 x 2bed/1bath building size: 24,180 sqft lot size: 32,100 sqft 13240 port said rd: 24 units 22 x 2bed/1bath, 2 x 1bed/1bath building size: 22,936 sqft | lot size: 39,852 sqft cap rate: 5.69% pro-forma: 8.55% price per door: $180k

Similar Properties in this Area

$18,540,000

1331 SHARAZAD BLVD, OPA-LOCKA, FL 33054
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