Sold for $660,000

$660,000

1020 Opa Locka Blvd, Opa Locka, FL 33054

4beds

4baths

2,054sqft

Quadruplex

Built in 1958

-- sqft lot

$722,700 Zestimate^®

$321/sqft

$1,813 Estimated rent

Home value

$722,700

$665,000 - $795,000

$1,813/mo

Zestimate^® history

Owner options

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$1,813/mo

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$1,813/mo

Rent Zestimate^®

Refinance and save

$4,517/mo

Est. payment

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$4,517/mo

Est. payment

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What's special

Front and rear entrances

**Investment Opportunity in Opa-Locka, Miami!** Fausto Commercial presents this 4-unit multifamily property in Central Miami’s growing Opa-Locka. Each unit includes one bedroom, one bath, and separate electric and water meters. The property features front and rear entrances, with an option for a rear laundry room. Market rents exceed $1,800, with Section 8 paying up to $1,884, delivering a pro forma cap rate over 8%. Located on a quiet stretch of Opa-Locka Blvd, the property also has commercial zoning, allowing for business office use by right. Opa-Locka's growth, driven by major developments like the new Amazon warehouse, makes this an ideal investment opportunity.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4

Heating

Central, Electric

Cooling

Wall/Window Unit(s)

Features

Flooring: Concrete

Interior area

Total structure area: 2,054
Total interior livable area: 2,054 sqft

Property

Parking

Total spaces: 4

Features

Stories: 1

Lot

Features: Less Than 1/4 Acre Lot

Details

Parcel number: 0821210072180
Zoning: 6800

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Materials

Concrete Block Construction
Roof: Flat Tile

Condition

Year built: 1958

Utilities & green energy

Sewer: Public Sewer

Community & HOA

Community

Subdivision: Opa Locka Pl No 3

HOA

Has HOA: No

Location

Region: Opa Locka

Financial & listing details

Price per square foot: $321/sqft
Annual tax amount: $8,246
Date on market: 8/19/2024
Listing terms: All Cash,Conventional,FHA,FHA 203K

Price history

Date	Event	Price
10/24/2024	Sold	$660,000-16.5%$321/sqft
Source: MIAMI #A11644308 Report a problem
8/19/2024	Listed for sale	$790,000$385/sqft
Source: MIAMI #A11644308 Report a problem