Property Details

Property Type: Multi Family Home

Bedrooms: 12

Bathrooms: 6

Total size: 3,980 SQ FT

Lot Size: 4,800 SQ FT

Year Built: 1958

Number of Units: 6 units

Type of Units: 2 bedrooms and 1 bathroom per unit (12 bed/ 6 bath total)

Architectural design/layout: 2 stories with parking spots in the front

Building Condition (based on pictures and conversation with owner/realtor): Turnkey (remodeled in 2022)

Comparable: 7 bed/ 6 bath – 1777 Ali Baba Ave, Opa Locka, FL 33054 sold for $940,000 in July 2023

Rental Income: 6 x 1775/month x 12 = $127,500 –> CAP RATE OF 8.45%

Reason for current sale: Tired landlord

On or off Market: Listed On-Market for $1,300,000

Any title issues: Free and Clear

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