2301 Atlantic Ave Opa-locka, FL 33054
47,116 SqFt
UPDATED:
02/22/2025 07:00 AM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 47,116 sqft
Price per Sqft $183
MLS Listing ID A11750110
HOA Y/N Yes
Year Built 1972
Annual Tax Amount $24,889
Lot Size 1.652 Acres
Property Sub-Type Multi Family
Property Description
This 48-unit portfolio consists mostly of two-bedroom units, offering higher rental income and stronger returns. With one-bedroom units already selling for $180K per door, this is a competitive investment.
Opa-Locka is experiencing rapid growth and gentrification, making it one of the last affordable investment areas in Miami. Section 8 now pays above market rents, creating a strong cash-flow opportunity.
Total Building Size: 47,116 SqFt | Total Lot Size: 71,954 SqFt
2301 Atlantic Ave (24 Units)
24 x 2Bed/1Bath | Building Size: 24,180 SqFt Lot Size: 32,100 SqFt
13240 Port Said Rd (24 Units)
22 x 2Bed/1Bath 2 x 1Bed/1Bath | Building Size: 22,936 SqFt Lot Size: 39,852 SqFt
Cap Rate: 5.69% Pro-Forma: 8.55% Price per Door: $180K
Location
State FL
County Miami-dade
Area 31
Interior
Heating Central, Electric
Cooling Central Air
Exterior
Total Parking Spaces 100
Private Pool Yes
Building
Story 2
Sewer Other
Water Public
Level or Stories Two
Structure Type Block
Others
Tax ID 08-21-22-019-0060
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11750110
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Premier Associates Realty, LLC.
Broker | License ID: BK3215191
Broker License ID: BK3215191