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$1,440,000
Est. payment /mo
9,365 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Magnolia Sub
MLS Listing ID A11719297
HOA Y/N No
Annual Tax Amount $23,808
Tax Year 2024
Lot Size 9,365 Sqft
Acres 0.215
Lot Dimensions 100x100
Property Sub-Type Multi Family
Property Description
Incredible Investment Opportunity – Thriving Opa-Locka Neighborhood
This Multifamily property offers a prime opportunity in the rapidly growing Opa-Locka area, benefiting from significant demographic improvements driven by migration from Hialeah and surrounding neighborhoods.
- Unit Mix:
- 6 units: 2-bedroom, 1-bath
- 2 units: 1-bedroom, 1-bath
- Additional Features:
- On-site laundry room
- Renovated and well-maintained units
- Recent sales in the area have reached $180K per door
- Positioned at an attractive 9% Proforma Cap Rate
This property combines strong rental income potential with the promise of continued appreciation in a thriving market.
This Multifamily property offers a prime opportunity in the rapidly growing Opa-Locka area, benefiting from significant demographic improvements driven by migration from Hialeah and surrounding neighborhoods.
- Unit Mix:
- 6 units: 2-bedroom, 1-bath
- 2 units: 1-bedroom, 1-bath
- Additional Features:
- On-site laundry room
- Renovated and well-maintained units
- Recent sales in the area have reached $180K per door
- Positioned at an attractive 9% Proforma Cap Rate
This property combines strong rental income potential with the promise of continued appreciation in a thriving market.
Location
State FL
County Miami-dade
Community Magnolia Sub
Area 31
Exterior
Utilities Available Cable Available, Electricity Available, Other
Private Pool Yes
Building
Lot Description <1 Acre
Sewer Public Sewer
Water Public
Others
Tax ID 08-21-22-003-2120
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11719297
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Listed by Campos Commercial Real Estate LLC