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31433738
31433739

13380 Port Said Rd, Opa-Locka, FL 33054 For Sale

JS
FL 3366522
Trustpoint realty
NA
FL 3605601
Trustpoint realty
Trustpoint realty
Trustpoint realty
Listed by Trustpoint realty
$5,000,000
111 days on market
Updated 9 days ago

Opa Locka 23 Units Value Add

Details
APN 08-21-28-007-0110
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Square Footage 17,905
Units 23
Cap Rate 6.90%
Occupancy 100%
Price per SqFt $279
Class C
Year Built 1972
Buildings 1
Stories 2
Lot Size (SqFt) 32,234
Zoning 4400
Investment Type Value Add

Multifamily | 23 Units | Value Add

Marketing description

Option 1 (Story-driven): Exceptional multifamily investment opportunity in the heart of Opa Locka, Miami-Dade County. Fully occupied building featuring all two-bedroom, one-bath units with current rents running below market — offering immediate value-add upside for savvy investors. Strong in-place income with significant rent growth potential as leases turn over. Well-maintained two-story building with ample on-site parking and central HVAC throughout. Zoned multi-family, situated on an oversized lot with excellent visibility and access. Conveniently located near I-95, the Florida Turnpike, and Opa Locka Executive Airport, providing tenants easy access to major employment centers across Miami-Dade. Surrounded by a dense, high-demand rental population with strong occupancy fundamentals in the submarket. Ideal for investors seeking stable cash flow with built-in upside through market rent achievement. Pro forma projections show meaningful NOI growth over a 10-year hold. A rare turnkey asset in a supply-constrained corridor. Call listing agent for full Offering Memorandum and financials.

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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Listing Contacts

JS
FL 3366522
Trustpoint realty
NA
FL 3605601
Trustpoint realty
Trustpoint realty
Trustpoint realty
Listed by Trustpoint realty

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Additional Information

Name
Joseph Suarez Esq.
License
3366522
Brokerage
Trustpoint Realty
Brokerage Phone
3052000348
Title
Real Estate Broker
Name
Nicholas Arias
License
3605601
Brokerage
Trust Point Realty
Title
Real Estate Agent
Brokerage Address
15207 Northwest 60th Avenue
Name
Francisco Palacios, MSIRE
License
3619567
Brokerage
Trustpoint Realty
Brokerage Phone
3052000348
Title
Commercial Advisor
Brokerage Address
15207 Northwest 60th Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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