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.
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.
Location, location, location. Zoned 4400/multifamily, the city of opa locka permits the construction of up to 33 units. Unlock a lucrative development opportunity with this strategically located 1.1-acre commercial lot in close proximity to major amenities. Key highlights include its prime location near the amazon warehouse, executive airport, and shopping centers, presenting a favorable environment for a dynamic and profitable residential space. This investment opportunity, strategically positioned in a thriving commercial district, is primed for substantial returns. Seize the chance to lead in the area's growth. Perfect for investors with a vision.
1240 sesame st is a 11,900 sf covered land opportunity, zoned for up to 10 apartment units, in the historic community of, opa locka, fl the property is priced at "land-value" as it is in disrepair and only partially 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.