Subject property is 48 unit buildings located at 2491 NW 135 St in the city of Opalocka Florida. CURRENTLY VACANT & BOARDED UP consist of 48 apartment units. Built of Solid CBS construction in 1973 & has net rentable area of approx. 52,468 sq ft, and consist of a great mix of 12 1/1, 33 2/1 & 3 Eff. On 135st Corridor easy access to Miami Dade North Campus, Opalocka regional Airport & minutes to I-95. Owners are serious about selling this asset. Average area rents from $650 for a 2-bedroom apt to $750, the Eff rent for $495-Currently BOARDED UP-Proforma Cap 9.78%-The Subject Property consists of one- four story apartment building. The property offers a potential buyer the ability to enter into the extremely strong South Florida multifamily market with a stable asset with substantial upside and a strong and proven exit strategy. It offers considerable upside immediately upon acquisition by rehabbing the entire property. **Motivated seller ** ***NOTE- This offering is subject to errors, omissions, prior sale or withdrawal without notice.
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