Opa Locka 23 Units Value Add
Multifamily | 23 Units | Value Add
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Investment highlights
100% Occupied | Day-One Cash Flow Fully stabilized 23-unit multifamily asset generating $347,871 NOI with zero lease-up risk.
Below-Market Rents | Immediate Upside Current rents of $1,624/month sit 14% below market rate of $1,850 — all month-to-month leases allowing a new owner to capture $55,000+ in additional annual income immediately.
Strong Returns
- Asking Price: $5,000,000 | $217,391/Unit
- Current Cap Rate: 6.96%
- Pro Forma Cap Rate: 6.04%
- GRM: 11.16
Uniform Unit Mix All 23 units are 2BD/1BA with 50 parking spaces (2:1 ratio), central HVAC, and community laundry — simple, efficient operations.
Prime Miami-Dade Location Minutes from I-95, Miami International Airport, and Opa Locka Executive Airport. Surrounded by major employers totaling 100,000+ jobs within a short drive.
High-Growth Market 5-mile population of 541,007 in one of the nation's strongest and most resilient rental markets with consistent long-term demand for workforce housing.
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