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Michael Davalos, P.A.
Commercial agent
Fortune International Realty
2047 & 2050 Lincoln Avenue
Opa-Locka, FL 33054
$470,000 USD
Apartments - 8 units - 10%cap
 Front 2047 |  Front 2050 |
|---|---|
 interior 1 |  bathroom |
 living room |  kitchen |
 interior 4 |  side view |
 aerial |  side view 2 |
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Price: $470,000
Lot size: 9,600 sq ft
Living area: 5,325 sq ft
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8 unit property for sale in North Miami/Opa-Locka area. Opa-Locka residents soon to experience increased job growth and corporate investment in nearby local airport with new $200 milion Amazon 855,000-square-foot, high-tech fulfillment center with warehouse and distribution space coming in 2017. Excellent investment property at an affordable price. 2 buildings and folios. Each building contains 4 units. Current rent roll has NOI of $47,000. With marginal rent market increases, NOI can be bumped up to 12% cap return.
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