22165, Opa Locka, FL 33054

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Randy N.

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Building Details:

22165 is amulti-family property for lease in Opa Locka, FL.

Well maintained 8 unit, one story, apartment building. This asset was built in 1952 and consists of 3,870 leasable square feet situated on a 9,936 square foot lot. This offering provides investors an opportunity to own a cash flowing asset with a going in 7.2 % cap rate. This property has a strong rental growth factor with 11.7 % 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. All units are 1bed/1bath. Tenants pay the electricity and the water. Easy and economical to operate and maintain. Long term tenants. Electrical and plumbing were completely renewed 6 years ago. Property has separate electric and water meters for each unit. Rents below market. (Br # 22165)


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