Opa-Locka, FL Multifamily Homes For Sale

A rare opportunity to acquire a well-positioned, income-producing multifamily asset in a high-demand submarket. This 72- unit garden-style apartment complex spans approximately 66, 975 rentable square feet across a 1.84-acre lot, zoned r-3 for multifamily residential use. Constructed in 1972, the property consists of a mix of one-, two-, and three-bedroom units with significant in-place cash flow and demonstrated rental upside. Strategically situated near major economic drivers—including the amazon mega warehouse—the current rent roll generates $133, 838 in monthly income, with pro format market rents reaching $152, 518, and potential section 8-supported rents as high as $159, 446 per month.

Great value add investment opportunity! Units are currently rented under market value. Five units are 1 bed/1 bath and one 2 bed/1 bath . Great potential to increase the rent for a significantly higher monthly income. All tenants are month to month. This is a part of a portfolio of 17 total units for sale that includes three multi-families and two single families. Seller is open to selling them all together or separately.

Great value add investment opportunity! Units are currently rented under market value. Three units are 2 bed/1 bath, one unit is 1 bed/1 bath and the single family is 3 bed/1 bath. Both must be sold together as they share the lot/parking. Great potential to increase the rent for a significantly higher monthly income. All tenants are month to month. This is a part of a portfolio of 17 total units for sale that includes three multi-families and two single families. Seller is open to selling them all together or separately.

1240 sesame st is comprised of four 2 bed/1 bath, frame/stucco apartment units built in 1926, on a 11, 900 sf lot, in the historic community of, opa locka, fl the property is priced at "land-value" as it is in disrepair and not fully occupied. There may be some miami-dade county as well as city of opa locka cra grant funding available under their affordable/workforce housing and historic preservation programs. The property can be approached as a cra-supported historic restoration or a covered-land opportunity where 10 to 12 new apartment units may be redeveloped under certain criteria to include a workforce component and honoring the historic moorish-themed architecture. A 501c3 may be an appropriate ownership entity for access to grants.

Four units. 1 bedroom 1 bathroom each