13240 Port Said Rd ,Apartments for Sale & Rent

13240 Port Said Rd for Sale & Rent

Price $8,640,000.00

• Lot size 47116
• Year Build 1972
• Waterfront
• Zip 33054
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Multi-family investment opportunity in Opa-Locka, Miami. 48-unit portfolio consists mostly of two-bedroom units, offering higher rental income and stronger returns. One-bedroom units in the area are already selling for $180K per door, making this a competitive investment. Opa-Locka is undergoing rapid gentrification, one of the last areas in Miami with affordable entry points. Section 8 is now paying above market rents, creating an unmatched cash-flow opportunity. Total Building Size: 47,116 SqFt Total Lot Size: 71,954 SqFt 2301 Atlantic Ave: 24 Units 24 x 2Bed/1Bath Building Size: 24,180 SqFt Lot Size: 32,100 SqFt 13240 Port Said Rd: 24 Units 22 x 2Bed/1Bath, 2 x 1Bed/1Bath Building Size: 22,936 SqFt | Lot Size: 39,852 SqFt Cap Rate: 5.69% Pro-Forma: 8.55% Price per Door: $180K

28-29 52 41 .75 AC PB 38-56 REV PLAT NILE GARDENS SEC 1 S100FT OF N908.93FT TR 301-B A/K/A LOTS 33-34-35-36 LOT SIZE 32100 SQUARE FEET COC 2

Multi-family investment opportunity in Opa-Locka, Miami. 48-unit portfolio consists mostly of two-bedroom units, offering higher rental income and stronger returns. One-bedroom units in the area are already selling for $180K per door, making this a competitive investment. Opa-Locka is undergoing rapid gentrification, one of the last areas in Miami with affordable entry points. Section 8 is now paying above market rents, creating an unmatched cash-flow opportunity. Total Building Size: 47,116 SqFt Total Lot Size: 71,954 SqFt 2301 Atlantic Ave: 24 Units 24 x 2Bed/1Bath Building Size: 24,180 SqFt Lot Size: 32,100 SqFt 13240 Port Said Rd: 24 Units 22 x 2Bed/1Bath, 2 x 1Bed/1Bath Building Size: 22,936 SqFt | Lot Size: 39,852 SqFt Cap Rate: 5.69% Pro-Forma: 8.55% Price per Door: $180K

City:Opa-Locka,Zoning:4400,Cooling:1:Central Individual A/C,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:25.8943999,Cooling Y N:1,Heating Y N:1,Lease Term:1 To 3 Year Lease,List Price:8640000,Listing Id:A11750103,Longitude:-80.2532309,Mls Status:Active,Year Built:1972,Postal Code:33054,Street Name:Port Said Rd,Coordinates:1:25.8943999,Photos Count:43,Days On Market:1,Lot Size Units:Square Feet,M I A M I R E_ Area:31,On Market Date:2025-02-21,Parcel Number:08-21-28-007-0160,Parking Total:100,Property Type:Commercial Sale,Stories Total:2,Street Number:13240,Public Remarks:Multi-family investment opportunity in Opa-Locka, Miami. 48-unit portfolio consists mostly of two-bedroom units, offering higher rental income and stronger returns. One-bedroom units in the area are already selling for $180K per door, making this a competitive investment. Opa-Locka is undergoing rapid gentrification, one of the last areas in Miami with affordable entry points. Section 8 is now paying above market rents, creating an unmatched cash-flow opportunity. Total Building Size: 47,116 SqFt Total Lot Size: 71,954 SqFt 2301 Atlantic Ave: 24 Units 24 x 2Bed/1Bath Building Size: 24,180 SqFt Lot Size: 32,100 SqFt 13240 Port Said Rd: 24 Units 22 x 2Bed/1Bath, 2 x 1Bed/1Bath Building Size: 22,936 SqFt | Lot Size: 39,852 SqFt Cap Rate: 5.69% Pro-Forma: 8.55% Price per Door: $180K,County Or Parish:Miami-Dade County,List Office Name:Fausto Commercial Realty Consultants Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4980,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:63239,Unparsed Address:13240 Port Said Rd, Opa-Locka FL 33054,Listing Agreement:Exclusive Agency,Building Area Total:47116,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:32100,Number Of Buildings:4,Original List Price:8640000,Public Survey Range:21,I D X Participation Y N:1,Syndication Remarks:Multi-family investment opportunity in Opa-Locka, Miami. 48-unit portfolio consists mostly of two-bedroom units, offering higher rental income and stronger returns. One-bedroom units in the area are already selling for $180K per door, making this a competitive investment. Opa-Locka is undergoing rapid gentrification, one of the last areas in Miami with affordable entry points. Section 8 is now paying above market rents, creating an unmatched cash-flow opportunity. Total Building Size: 47,116 SqFt Total Lot Size: 71,954 SqFt 2301 Atlantic Ave: 24 Units 24 x 2Bed/1Bath Building Size: 24,180 SqFt Lot Size: 32,100 SqFt 13240 Port Said Rd: 24 Units 22 x 2Bed/1Bath, 2 x 1Bed/1Bath Building Size: 22,936 SqFt | Lot Size: 39,852 SqFt Cap Rate: 5.69% Pro-Forma: 8.55% Price per Door: $180K,Listing Contract Date:2025-02-21,Originating System I D:miamire,Public Survey Section:28,Showing Instructions:24 Hour Notice,Appointment Only,Call Listing Agent,Street Number Numeric:13240,Tax Legal Description:28-29 52 41 .75 AC PB 38-56 REV PLAT NILE GARDENS SEC 1 S100FT OF N908.93FT TR 301-B A/K/A LOTS 33-34-35-36 LOT SIZE 32100 SQUARE FEET COC 2,Gross Scheduled Income:840960,Public Survey Township:21,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Call Listing agent,Contract Status Change Date:2025-02-21,Internet Address Display Y N:1,Number Of Units In Community:48,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,