Redevelopment and Income Generating Opportunity in Opa-Locka This offering comprises three adjacent lots totaling 20,750 sq. ft. with 150 linear feet of frontage along NW 135th Street and 32nd Avenue in the City of Opa-Locka. One parcel features a 4-unit building with new roof as of 9/2025, currently leased to month-to-month tenants at below-market rents, generating approximately $60,000 in annual gross income. The other two parcels are vacant, providing significant development potential alone or adding the adjacent building's lot. Located within Opa-Locka’s mixed-use corridor, the property benefits from as-of-right zoning that permits up to 71 residential units across 8 stories for market-rate tenancy. The site is within walking distance of the Amazon distribution center and mass transit stops, adding strong appeal for future residents. Preliminary site plans have been prepared for both a 69-unit/80 Parking space development and a smaller 28-unit/30 Parking space project, offering flexibility for investors and developers. the property also qualifies for other commercial and retail zoning applications, creating additional opportunities for mixed-use development. Discussions with city officials have already taken place, and they are enthusiastic about welcoming a strong project to the area. Incentives may be available to support development.
Excellent income-producing multifamily investment in Opa-Locka. This well-maintained four-plex features four spacious 2-bedroom, 1-bath units with strong rental income and long-term appreciation potential. The property sits on a generous lot with ample parking and convenient access to major roadways, shopping, and employment centers. Property is being sold as a package with the neighboring four-plex at 2920 NW 132 TER. Together, both properties offer the potential to be combined and rezoned for redevelopment, allowing for construction of an apartment building up to four stories (buyer to verify). Ideal opportunity for investors and developers. Sold as-is.
Excellent income-producing multifamily investment in Opa-Locka. This well-maintained four-plex features four spacious 2-bedroom, 1-bath units with strong rental income and long-term appreciation potential. The property sits on a generous lot with ample parking and convenient access to major roadways, shopping, and employment centers. Property is being sold as a package with the neighboring four-plex at 2924 NW 132 TER. Together, both properties offer the potential to be combined and rezoned for redevelopment, allowing for construction of an apartment building up to four stories (buyer to verify). Ideal opportunity for investors and developers. Sold as-is.
Attention Investors! Excellent investment opportunity. Fourplex in good condition. 4 units 1/1. washer and dryer in each unit. large space to park cars. Separate electric and WATER meters, Central air-conditioning in 3 units, This multi-family property includes a new roof with warranty, upgrades in several units a. great income! Actual cap rate 6,3% no subject to appraisal
Cash Cow property on a huge lot of land structure 3,344 SQFT Lot size 15.375 SQFT Call listing Agent for details
Great value add investment opportunity! Units are currently rented under market value. Five units are 1 bed/1 bath and one 2 bed/1 bath . Great potential to increase the rent for a significantly higher monthly income. All tenants are month to month. This is a part of a portfolio of 11 total units for sale that includes two multi-families and one single family. Seller is open to selling them together or separately.
Great value add investment opportunity! Units are currently rented under market value. Three units are 2 bed/1 bath, one unit is 1 bed/1 bath and the single family is 3 bed/1 bath. Both must be sold together as they share the lot/parking. Great potential to increase the rent for a significantly higher monthly income. All tenants are month to month. This is a part of a portfolio of 11 total units for sale that includes two multi-families and one single family. Seller is open to selling them together or separately.
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Opa Locka is located in Florida.
