Opa-locka Investment Properties & Multifamily for Sale

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Live BeachesMLS listings matching this search in Opa-locka, Florida, updated throughout the day.

Income property is a large part of what is listed in Opa-locka: duplexes and fourplexes on Ali Baba, Washington and Lincoln Avenues, Burlington Street and Curtiss Drive, and apartment buildings of six units and more. Listings describe separate electric and water meters, tenants on month to month terms, rents below the market and leases paid in part through housing assistance contracts. Ask for the rent roll, the leases, the last year of expenses and the inspection history, confirm that every unit is permitted, and price the insurance and the reset property taxes before you rely on an Opa-locka return.

7 listings, newest first.

The 7 listings on this page run from $549,900 to $1,400,000, with a median of $615,000, about $416 per square foot, and they have been listed a median of 103 days.

The community with the most listings here is Magnolia Sub (4), 4 of the 7; the others are spread across 2 more communities. All of them are multifamily properties. They were built between 1941 and 1965, a median of 1959.

What Investors Buy in Opa-locka

Investors in Opa-locka buy small income property and houses to improve. Duplexes and fourplexes in the Magnolia subdivision, Curtiss Park and the Plat No 3 blocks, and apartment buildings of six units and up, trade with tenants in place, while postwar houses in the original plat and Magnolia Gardens are bought to renovate and lease by the year or resell. Land and industrial property around the airport draw a different buyer and are priced on zoning. Most Opa-locka investors buy for the rent, so the leases, the meters and the permits matter more than the finishes.

Reading the Numbers in Opa-locka

Reading the numbers in Opa-locka starts with the rents actually in place, not the rents a listing says are possible. Take the gross rent from the leases and any housing assistance contracts, subtract vacancy, repairs, insurance, the property taxes that reset after a sale, any water and electricity the owner pays, and a reserve for the roof and the air conditioning, then divide by the price. Compare that with the rents on the Opa-locka rental pages and the leases that closed nearby. A building that only works at the rents the listing hopes for is priced for its seller, not for you.

The Numbers on These Listings

Straight from the MLS, updated through the day. Income and capitalization rates are what the listing agent published, not audited figures: treat them as the start of underwriting, and ask for certified operating statements before you offer.

Property	Price	Units	Per unit	Income	Cap rate	Taxes	HOA	Days on market
2013 Washington Avenue (reduced from $725,000)	$695,000	6	$115,833	—	—	$17,990	—	392 days
1815-1820 Ali Baba Avenue	$1,400,000	2	$700,000	$9,600 gross	—	$4,510	—	67 days
1010 Burlington Street (reduced from $699,000)	$549,900	4	$137,475	$4,100 gross	—	$11,671	—	74 days
MLS A12061837	$615,000	4	$153,750	$5,550 gross	—	$13,568	—	92 days
695 697 Curtiss Drive (reduced from $649,000)	$585,900	2	$292,950	$3,200 gross	—	$10,395	—	103 days
1980 Lincoln Avenue (reduced from $750,000)	$650,000	2	$325,000	—	—	$6,342	—	130 days
2005 Ali Baba Avenue	$561,000	2	$280,500	$3,565 gross	—	$8,721	—	212 days

Get Opa-locka Investment Listings the Day They Reach the Market

BreakThru Realty sends new income property matching this search as it comes on the market, and will underwrite any listing with you: the rents in place, the taxes as they reset on sale, insurance quoted today, and what comparable buildings actually traded for.

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