9,365 Sqft Lot
9,365 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Magnolia Sub
MLS Listing ID A11719297
HOA Y/N No
Annual Tax Amount $23,808
Tax Year 2024
Lot Size 9,365 Sqft
Acres 0.215
Lot Dimensions 100x100
Property Sub-Type Multi Family
Property Description
This Multifamily property offers a prime opportunity in the rapidly growing Opa-Locka area, benefiting from significant demographic improvements driven by migration from Hialeah and surrounding neighborhoods.
- Unit Mix:
- 6 units: 2-bedroom, 1-bath
- 2 units: 1-bedroom, 1-bath
- Additional Features:
- On-site laundry room
- Renovated and well-maintained units
- Recent sales in the area have reached $180K per door
- Positioned at an attractive 9% Proforma Cap Rate
This property combines strong rental income potential with the promise of continued appreciation in a thriving market.
Location
State FL
County Miami-dade
Community Magnolia Sub
Area 31
Exterior
Utilities Available Cable Available, Electricity Available, Other
Private Pool Yes
Building
Lot Description <1 Acre
Sewer Public Sewer
Water Public
Others
Tax ID 08-21-22-003-2120
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11719297
Owner/Licensed Realtor | License ID: 3167107
+1(305) 519-7471 | jackiesrealestate@gmail.com