Description
Opa-Locka multifamily portfolio with 102 units, mostly two-bedroom units, offering higher returns and strong cash flow. One-bedroom units in the area are selling for $180K per door, making this an excellent investment opportunity. Section 8 rents are now above market rates, ensuring consistent premium rental income. Located in Miami's growing Opa-Locka neighborhood, this portfolio includes five properties: 2301 Atlantic Ave (24 units) All two-bedroom units 13240 Port Said Rd (24 units) 22 two-bedroom, 2 one-bedroom 1219 Sharazad Blvd (38 units) 24 two-bedroom, 8 one-bedroom, 6 studios 2070 Ali Baba Ave (8 units) 6 two-bedroom, 2 one-bedroom 1331 Sharazad Blvd (8 units) 4 one-bedroom, 4 studios Cap rate is 6.5% with a pro-forma of 8.61%.
School Ratings & Info
Description
Opa-Locka multifamily portfolio with 102 units, mostly two-bedroom units, offering higher returns and strong cash flow. One-bedroom units in the area are selling for $180K per door, making this an excellent investment opportunity. Section 8 rents are now above market rates, ensuring consistent premium rental income. Located in Miami's growing Opa-Locka neighborhood, this portfolio includes five properties: 2301 Atlantic Ave (24 units) All two-bedroom units 13240 Port Said Rd (24 units) 22 two-bedroom, 2 one-bedroom 1219 Sharazad Blvd (38 units) 24 two-bedroom, 8 one-bedroom, 6 studios 2070 Ali Baba Ave (8 units) 6 two-bedroom, 2 one-bedroom 1331 Sharazad Blvd (8 units) 4 one-bedroom, 4 studios Cap rate is 6.5% with a pro-forma of 8.61%.
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