22055, Opa Locka, FL 33054

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Randy N.

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Building Details:

22055 is amulti-family property for lease in Opa Locka, FL.

This 51 apartment’s property consists of 40,785 leasable square feet situated on a 62,138 square foot lot. The property composed of 1 three story building with 51 - 2 bed /1 bath. Apartments have separate electric meters and separate water meters. Property is currently 90% occupied. Also all 51 units have individual folio numbers.

Recent capital improvements include installing new granite kitchens and new upgraded bathrooms, brand new tiles throw out of the all units. Some of the amenities including the kids play ground, laundry facilities on each floor and ample tenant parking. This offering provides investors an opportunity to own a cash flowing asset with a going in 7.53% cap rate. This property with very low vacancy rate, coupled with a strong rental growth, has estimated 9.21% 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 property has assumable loan amount of $2,100,000 million with 6% interest only.. (Br. # 22055)


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