2405 NW 135th St - Apartments FOR SALE


Miami, FL 33167
$24,900,000 USD
786-942-2177
2405 NW 135th St, Miami, FL for Sale
$24,900,000 USD
Apartments - FOR SALE
1/72
null | 4.8% Cap Rate

2405 NW 135th St
Miami, FL 33167


OVERVIEW

Sierra Lakeview Apartments, consisting of 112 units across two buildings in Opa-locka, Miami, is offered at $25,000,000 with a 4.7% cap rate. The property features strong demand for workforce and affordable housing, ideally located near key transportation hubs and employment centers. Recently renovated units and a completed 40-year recertification highlight the property's value-add potential. Units: 112 total (1 and 2-bedroom units) Location: 2405 and 2621 NW 135th St, Miami, FL Size: 79,750 Sq.Ft (Lot 1), 16,102 Sq.Ft (Lot 2) GBA: 98,820 Sq.Ft Total (2) Buildings Price per Unit: $223,214 Investment Highlights: High occupancy rate, minimal leasing downtime, and ongoing demand for affordable housing in the region.

FOR SALE DETAILS

PRICE

$24,900,000 USD

PRICE/SF

$264 USD /SF

# OF UNITS

94

PRICE/UNIT

$264,894

CAP RATE

4.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Siera Lakeview Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1969

PARKING SPACES

98

LAND DETAILS

LAND ACRES

1.83 AC

LAND SF

79,715 SF

ZONING

R-3, Opa Locka

APN/PARCEL ID

08-2122-011-0020,08-2122-011-0100

ASK ABOUT THIS PROPERTY

Miguelangel Salazar-PesceEast Coast Properties and Commercial Real EstateMore Info
786-942-2177

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Miguelangel Salazar-PesceEast Coast Properties and Commercial Real EstateMore Info
786-942-2177

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.