The Flats On 22nd Avenue
14255 NW 22nd Ave, Opa-locka, FL, USA ,
EXECUTIVE SUMMARY
118-Unit Value Add Portfolio Located Along NW
22nd Avenue in Opa-Locka (10 Folios)
PROPERTY FACTS
Price. $18,290,000
Price Per Unit $155,000
Sale Type. Investment
Cap Rate. 4.86%
No. Units 118
Property Type. Multifamily
Property Subtype Apartment
Apartment Style. Garden
Building Class C
Lot Size 1.46 AC
Building Size 71,694 SF
No. Stories 2
Year Built 1952
UNIT AMENITIES
Kitchen
Tub/Shower
SITE AMENITIES
24 Hour Access
Gated
UNIT MIX INFORMATION
DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 96 $1,400 513
2+1 22 $1,525 514
Highlights
118-Unit Portfolio Located Along NW 22nd Avenue in Opa-Locka (10 Folios)
Value Add Opportunity: Average-in-Place Rents only $1,316 (1 Bed) & $1,532 (2 Bed)
All New Roofs in 2020, 95% Renovated Units, Gated Courtyards, On-Site Laundry
2-Miles From Amazon Mega Warehouse & Miami-Opa Locka Executive Airport
Fannie Mae Assumable Loan Available at 3.09%, Due on 10/01/2026
Proximate to Golden Glades Interchange (Interstate-95, Turnpike and SR 441)
Mortgage amount
Down payment (%)
Interest rate (%)
Period
Total cost of mortgage:$22,823,518
Monthly payments:$63,399
