Opa-Locka multifamily portfolio with 102 units, mostly two-bedroom units, offering higher returns and strong cash flow. One-bedroom units in the area are selling for $180K per door, making this an excellent investment opportunity.
Section 8 rents are now above market rates, ensuring consistent premium rental income.
Located in Miami’s growing Opa-Locka neighborhood, this portfolio includes five properties:
2301 Atlantic Ave (24 units) – All two-bedroom units
13240 Port Said Rd (24 units) – 22 two-bedroom, 2 one-bedroom
1219 Sharazad Blvd (38 units) – 24 two-bedroom, 8 one-bedroom, 6 studios
2070 Ali Baba Ave (8 units) – 6 two-bedroom, 2 one-bedroom
1331 Sharazad Blvd (8 units) – 4 one-bedroom, 4 studios
Cap rate is 6.5% with a pro-forma of 8.61%.
1331 Sharazad Blvd, Opa-Locka, FL, 33054
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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