22125 is amulti-family property for lease in Opa Locka, FL.
Well maintained 38 unit, one story. This asset was built in 1952 and consist of 25,000 leasable Sq Ft situated on a 40,500 Sq Ft lot. This offering provides investors an opportunity to own a cash flowing asset with a going in 8.1 % cap rate.
This property is 100% rented always, with a waiting list and has a strong rental growth factor with 14.44 % cash on cash return. While providing working class affordable housing for the community, it is also a turnkey investment that offers the savvy investor significant upside and stabilized cash flow.
The units mix consists of 24 - 2 Bed/1 Bath, 9 – 1 Bed/1 Bath and 5 studios. The building has separate electric meters and separate water meters (water for 12 units is paid by owner). Easy and economically to operate and maintain. (Br. # 22125)
FOR ADDITIONAL INFORMATION, PLEASE CONTACT GIEDRE GASKAITE AT 786-241-9568.
Please describe your commercial real estate requirements. We’ll introduce you to local properties that match your criteria.