22161, Opa Locka, FL 33054

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Randy N.

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Building Details:

22161 is amulti-family property for lease in Opa Locka, FL.

Well maintained 8 unit, two story, apartment building for $550,000. This asset was built in 1973 and consists of 4,185 leasable square feet situated on a 7,350 square foot lot. This offering provides investors an opportunity to own a cash flowing asset with a going in 7.5 % cap rate. This property has a strong rental growth factor with 12.9 % cash on cash return and almost all the time 100% rented. While providing working class affordable housing for the community, it is also a turnkey investment that offers the safe investor significant upside and stabilized cash flow. All units are 1bed/1bath, rented with 1 year leases. Average rent per month is $675. Tenants pay the electricity and owner pays the water. Easy and economically to operate and maintain. The roof is 6 years old. Tenants are long term, some tenants leasing between 23-25 years. (Br # 22161)


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