The Flats at Ingram Park 14255-14460 NW 22nd Ave Immeuble residentiel 118 lots 15 387 750 € (130 405 €/Lot) Taux de capitalisation 6,24 % Opa Locka, FL 33054

The Flats at Ingram Park is comprised of 11 apartment buildings situated along Northwest 22nd Avenue totaling 118 units with 59,106 living square feet and combined lot sizes of 63,750 square feet or 1.46 acres (according to the Miami Dade County Property Appraiser). 14460, 14370 and 14350 Northwest 22nd Avenue are three adjacent buildings located along the west side of Northwest 22nd Avenue while 14345, 14325, 14315, 14305, 14265 and 14255 are adjacent buildings situated along the east side of Northwest 22nd Avenue. The unit mix includes (88) one-bedroom | one-bathrooms with an average in-place rent of only $1,386, (8) one-bedroom | one-bathrooms with dens with an average in-place rent of only $1,854 and (22) two-bedroom | one-bathroom apartments with an average in-place rent of only $1,680, offering a substantial value-add opportunity for an incoming investor. Please note 14350 NW 22nd Avenue, Unit #9 (a 2 bed/1 bath) was converted to an office and laundry room and is not currently operating as a rental apartment. All units are equipped with wall air conditioning units, ceramic tile or vinyl flooring and electric appliances.
Many units have been remodeled by the owner at a cost of $5,000-7,000 and are now achieving rent premiums of $200-300. Additionally, current ownership replaced all roofs in 2020.