1020 Opa Locka Blvd Opa-locka, FL 33054
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 1020 Opa Locka Blvd
- Year built
- 1958
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional investment opportunity presents a four-unit apartment building situated at 1020 Opa Locka Blvd, Opa-locka, FL 33054, in Miami-Dade County. Built in 1958, this single-story property offers four units, each featuring one bedroom and one bathroom. Individual electric and water meters are installed for each unit, simplifying utility management. The building boasts both front and rear entrances, enhancing accessibility and convenience. There's potential for a rear laundry room, adding value for tenants. Currently, market rents surpass $1,800 per unit, with Section 8 vouchers potentially reaching $1,884. This translates to a projected cap rate exceeding 8%. The property's location on a tranquil section of Opa Locka Boulevard is a key advantage. Furthermore, the property benefits from commercial zoning, allowing for immediate use as a business office. Opa-locka's dynamic growth, fueled by significant developments such as a new Amazon warehouse, positions this property as a prime investment prospect. The asking price for this multifamily asset is $790,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Opa-locka
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2474
- Latitude
- 25.8994
