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.
Listed by Francisco Campos
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License #3368417
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Fausto Commercial Realty Consultants Inc
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17868057408
Listed by Vicente Rodriguez
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License #3289280
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Fausto Commercial Realty Consultants Inc
Last updated September 11, 2024
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Source: MIAMIRE #A11644308
Listing Facts
TypeMulti-family
NeighborhoodOpa-Locka
Days on Prevu386
Taxes$8,246/year
Size2,054 sqft
Price per sqft$385
Amenities
Pets Allowed
Parking
Location
Mortgage Calculator
Listing History
11/20/2024
Status changed to Active
$790,000
11/20/2024
Status changed to Removed from Feed
$790,000
08/19/2024
Listed by Fausto Commercial Realty Consultants Inc
$790,000
Property Details for 1020 Opa Locka Blvd
Association
General
Number Of Units In Community: 4
Exterior
Construction
Number Of Units Total: 4
Roof: Flat Tile
Stories: 1
Stories Total: 1
Structure Type: Quadruplex, Fourplex
Year Built: 1958
Year Built Details: Effective Year Built
Architectural Style: Attached
Building Name: OPA LOCKA PL NO 3
Measurements
Building Area Total: 2,054
Building Area Units: Square Feet
Lot Features: Less Than 1/4 Acre Lot
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 08-21-21-007-2180
Tax Annual Amount: $8,246.00
Tax Year: 2023
Interior
Features
Flooring: Concrete
Measurements
Living Area: 2,054
Living Area Units: Square Feet
Other
Location
Subdivision Name: OPA LOCKA PL NO 3
Parking
Parking
Parking Total: 4
Utilities
Equipment
Cooling: Wall/Window Unit(s)
Has Cooling: Yes
Heating: Central, Electric
Has Heating: Yes
Sewer: Public Sewer
Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.