$660,000
$790,000
16.5%For more information regarding the value of a property, please contact us for a free consultation.
2,054 SqFt
SOLD DATE : 10/24/2024
Key Details
Sold Price $660,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,054 sqft
Price per Sqft $321
Subdivision Opa Locka Pl No 3
MLS Listing ID A11644308
Sold Date 10/24/24
Style Fourplex
Construction Status Effective Year Built
HOA Y/N No
Year Built 1958
Annual Tax Amount $8,246
Tax Year 2023
Property Description
**Investment Opportunity in Opa-Locka, Miami!**
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
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
Financing Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Fausto Commercial Realty Consultants Inc
GET MORE INFORMATION
Real Estate Consultants