Cash-Flowing Value-Add Opportunity: Over 90% occupied with room to increase rents. Nearly Turn-Key with Renovated Interiors: Quaint, convenient, and well-maintained for a hassle-free investment. Expansion Potential: A perfect example of what can be achieved on the adjacent parcel just steps to the west. Traditional Tenant Mix: Annual and month-to-month, ensuring consistent cash flow. Short term rental model could increase cash-flow potential even further. Private, Gated Community: Features private gated access & central courtyard for tenants to BBQ and enjoy the landscaped grounds.
Introducing a highly unique 2-acre Opportunity Zone portfolio in the El Portal neighborhood between Miami Shores and Little River. Parcel #1 Quaint, convenient, renovated and cash-flowing, 529 NW 88 ST is a self-contained 12 units property that features private gated access and central courtyard w/ plenty of space for tenants to BBQ and enjoy the landscaped grounds. Parcel #2 at 585 NW 88 ST is a charming renovation-ready single family home on a full acre lot where zoning allows for the development of 8 total units of the same bungalow style as the model community non-contiguous to the east. Relatively simple to replicate and low-cost to build, the developer can model the proven concept of the 1st phase and either hold or flip upon completion.
El Portal is located in Florida. El Portal, Florida has a population of 2,329. El Portal is less family-centric than the surrounding county with 23.28% of the households containing married families with children. The county average for households married with children is 28.46%.
The median household income in El Portal, Florida is $62,344. The median household income for the surrounding county is $46,338 compared to the national median of $57,652. The median age of people living in El Portal is 44.4 years.
The average high temperature in July is 89.4 degrees, with an average low temperature in January of 58.6 degrees. The average rainfall is approximately 60.9 inches per year, with 0 inches of snow per year.