Fausto Commercial is excited to present this exceptional 4-unit multifamily property in the heart of Central Miami, FL—Opa-Locka. Each unit features one bedroom and one bath, with separate electric and water meters. The property offers dual entrances, front and rear, and includes an option to add a laundry room in the rear. Market rents for one-bedroom units in the area exceed $1,800, with Section 8 paying up to $1,884, yielding an impressive pro forma cap rate of over 8%.
Located on a quiet and safe stretch of Opa-Locka Blvd, this property also boasts unique commercial zoning, making it ideal for business office use by right.
Opa-Locka is a rapidly growing neighborhood, fueled by significant developments, including the new 1M+ sq. ft. Amazon warehouse. This property is perfect for both first-time investors and seasoned professionals looking to expand their portfolios in one of Miami’s last affordable neighborhoods with substantial growth potential. Don’t miss this opportunity!
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