Opa-Locka, FL Real Estate 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.

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.

Great investment opportunity to own more than 1/2 acre lot, in miami dade , dont miss this opportunity , call listing agent for more questions.

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.

Unlock the potential of 1240 sesame st, a 11, 900 sq. Ft. Covered land opportunity in the historic heart of opa-locka, fl, zoned for up to 10-12 apartment units. Priced at land value due to its current state of disrepair and partial occupancy, this property offers a unique chance to invest in a culturally rich community with significant redevelopment potential. Situated in opa-locka’s historic district, steps from downtown, the new community center, police dept, and major amenities like amazon warehouse, opa-locka exec airport, public transit, i-95 and fl turnpike. Redevelopment options: cra-supported historic restoration: restore the existing four 2-bed/1-bath units, leveraging miami-dade county and opa-locka cra grants for historic preservation and affordable/workforce housing.