22162, Opa Locka, FL 33054

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Randy N.

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Building Details:

22162 is amulti-family property for lease in Opa Locka, FL.

Well maintained 8 unit, one story apartment building for $600,000. This asset was built in 1952 and consists of 3,370 leasable square feet situated on a 6,723 square foot lot. This offering provides investors an opportunity to own a cash flowing asset with a going in 6.5 % cap rate.

This property has a strong rental growth factor with 13.1 % cash on cash return. Historically has maintained 100% occupancy. The asset is a turnkey investment that offers the investor significant upside with stabilized cash flow. Unit mix consists of: 4 - 1bed/1bath and 4 efficiencies. Tenants pay the electricity and owner pays the water. Easy and economical to operate and maintain. Tenants are long term with 1 year leases. Electrical has been upgraded with 9 meters, new wiring, new circuit boxes, outlets and plumbing. All new kitchens, appliances, new central A/C and new title floors. New lighting inside and out. As well new doors and locks. Separate electric meters for each unit. (Br # 22162)


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