Updated Oct 28, 2024
Orengo Investments LLC Acquires Multifamily Property In Opa-locka For $3.5M
13240 Port Said Road, Opa Locka, Florida 33054, United States
$3,500,000
Units
24
Asset Type
MultiFamily
Closing
Nov 2, 2022
About this deal
AI
An multifamily property located at 13240 Port Said Road in Opa-locka has been sold for a total of $3,500,000. The property spans across 0.7 acres and consists of 24 square feet of space. The sale price per square foot was $145,833.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Address: 13240 Port Said Road
- Market: Opa-locka
- Acres: 0.7
- Buyer: Orengo Investments LLC - Maykel Sequi
- Seller: Jalal Abuimweis - The King’s Estates
- Seller's Representative: Navid Alikhani - The King’s Estates
The buyer, Orengo Investments LLC, was represented by Maykel Sequi. The seller of the property was Jalal Abuimweis from The King's Estates. Navid Alikhani, also from The King's Estates, acted as the seller's representative in this transaction.
Opa Locka MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93