Closed

Opa-Locka Residential, 1020 Opa Locka Blvd, Opa-Locka, FL 33054

790,000(-16.46% )
2,054SqFt

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Details

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Status:
Sold - Oct 24, 2024
Size: 2,054 SqFt (191 m2)
Price: $321/SqFt ($3,459/m2)
Type: Multi Family
Built: 1958
MLS Number: A11644308
On Site: 354 Days
Updated: 207 Days ago
Page Views: 0
**investment opportunity in opa-locka, miami!** fausto commercial presents this 4-unit multifamily property in central miami’s growing opa-locka. Each unit includes one bedroom, one bath, and separate electric and water meters. The property features front and rear entrances, with an option for a rear laundry room. Market rents exceed $1,800, with section 8 paying up to $1,884, delivering a pro forma cap rate over 8%. Located on a quiet stretch of opa-locka blvd, the property also has commercial zoning, allowing for business office use by right. Opa-locka's growth, driven by major developments like the new amazon warehouse, makes this an ideal investment opportunity.
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: Central,Electric
        • Cooling Description: WallWindowUnits
        Building and Construction
        • Floor Description: Concrete
        • Year Built: 1958
        • Year Built Description: Effective Year Built
        • Style: Fourplex
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2024-08-19T18:36:58.000-00:00
          Taxes, Fees & More
          • Taxes: 8246

          Price History

          10/24/2024

          Date

          Sold

          Event

          $660K

          Price

          -16.46%

          Change Rate

          $321 ft2 / $3,459 m2

          Price Per

          08/19/2024

          Date

          Listed

          Event

          $790K

          Price

          $385 ft2 / $4,140 m2

          Price Per

          Price per square foot and days on website are not provided values and are calculated by Subdivisions.

          Listed by Francisco CamposFausto Commercial Realty Consultants Inc • Buyer Agency Compensation .

          Instant Comps

          $100/ft²
          $200/ft²
          $500/ft²
          $700/ft²

          Unit 1020 Opa Locka Blvd – Asking

          $321/ft²

          (-7%) from Closed Medium $/ft²

          Closed Medium $/ft²

          $347/ft²
          Community $/Price Range (Closed) $131/ft² – $583/ft²
          No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
          THINKING OF SELLING IN Opa-Locka Residential at Opa-Locka?

          Request a Comparative Market Analysis (CMA), It's free and comes with no obligation.

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