NOT LISTED FOR SALE

1020 Opa-Locka Blvd Opa-Locka, FL 33054

-- Bed
-- Bath
2,054 Sq Ft
1958 Built

Sale Details

Date Sold: October 24, 2024

Last sale price $660,000 $321 Per Sq Ft

66 Days on Market

Highlights

  • No HOA
  • Central Heating
  • 1-Story Property
  • Cooling System Mounted To A Wall/Window
  • Concrete Flooring

About This Home

As of October 2024

**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.

Last Agent to Sell the Property

Frank Campos

Campos Commercial Real Estate LLC License #3368417 Listed on: 08/19/2024

Co-Listed By

Vicente Rodriguez

Fausto Commercial Realty Consultants Inc License #3289280

Last Buyer's Agent

Marco Craig

MCraig Realty, LLC. License #3366305

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,246

Year Built

  • Built in 1958

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Flat Tile Roof

Interior Spaces

  • 2,054 Sq Ft Home
  • 1-Story Property
  • Concrete Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating

Community Details

  • No Home Owners Association
  • 4 Units
  • Opa Locka Pl No 3 Condos
  • Opa Locka Pl No 3 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 08-21-21-007-2180

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,246

Year Built

Built in 1958

Listing Details

  • Property Type: Residential Income
  • Year Built: 1958
  • Property Sub Type: Quadruplex
  • Architectural Style: Attached
  • Co List Office Mls Id: FAUS01
  • Co List Office Phone: 305-431-2258
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: OPA LOCKA PL NO 3
  • Year Built Details: Effective Year Built
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Concrete
  • Living Area: 2054
  • Possible Use: Investment
  • Stories: 1

Exterior Features

  • Roof: Flat Tile
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: OPA LOCKA PL NO 3
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 08-21-21-007-2180
  • Zoning: 6800
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8246

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/24/2024 10/24/24 Sold $660,000 -16.5% $321 / Sq Ft
08/19/2024 08/19/24 For Sale $790,000 -- $385 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,781 $516,800 $169,500 $347,300
2024 $8,246 $481,661 $169,500 $312,161
2023 $8,246 $158,353 $0 $0
2022 $6,939 $143,958 $0 $0
2021 $6,680 $130,871 $0 $0
2020 $6,161 $278,851 $84,750 $194,101
2019 $4,999 $147,961 $64,975 $82,986
2018 $4,541 $122,886 $50,850 $72,036
2017 $4,167 $89,389 $0 $0
2016 $4,542 $81,263 $0 $0
2015 $4,467 $86,044 $0 $0
2014 $4,667 $99,069 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11644308

MIAMI REALTORS® MLS
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