1265 Sharazad Blvd, Opa-Locka FL 33054
Income/MultiFamily in Opa-Locka
$2,700,000
Listing courtesy of The Alpha Commercial Advisors LLC; Jamie Maniscalco. Information from the Southeast Florida Multiple Listing Service is deemed reliable but is not guaranteed accurate.
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Income/MultiFamily, Commercial Sale
Details
Overview
Description
PRESENTING BEL-AIR APARTMENTS: A PRISTINE, FULLY-RENOVATED AND STABILIZED 14-UNIT MULTIFAMILY ASSET LOCATED IN OPA-LOCKA, FL. With a balanced mix of efficiently-sized 1BR and 2BR units, substantial capital improvements, and optimized in-place income from both market-rate and Section 8 tenants, this property offers a secure and durable investment perfect for cash-flow motivated buyers. Step into this high-occupancy operation with minimal acquisition friction from completed 40-year bldg. recertification, well-maintained grounds, and proven management model ripe for continued appreciation as the area remains a critical employment and transportation hub for the entire region. INVESTMENT HIGHLIGHTS Ideal unit mix with (6) 2BR-1BA units and (8) 1BR-1BA units Varied income profile with majority Section 8 annual tenancies flexible market-rate tenancies (highly subsidized) in addition to flexible market-rate tenancies. Fully-renovated grounds feature impact glass, gated courtyard entry, security cameras, ample on-site parking, and clean modern facade 40-Year Recertification Completed All units individually metered for electric Steady 92–100% occupancy from professional property management Additional upside available by adding laundry income + upgrading finishes in remaining units -Price Per Door: $192,857 -In-Place CAP: 7.17% -Pro-Forma CAP: 8.3% -Current Occupancy: 93% NEW lease was signed for Section 8 tenant at $2,262/month, highest rent for the building.
This income/multifamily home located at 1265 Sharazad Blvd, Opa-Locka FL 33054 is currently for sale and has been available on Brickellsold for 465 days. This property is listed at $3M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1965. 1265 Sharazad Blvd, Opa-Locka FL 33054 is in Opa-Locka county Miami-Dade County.
Interior
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Property
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Construction
- Year Built: 1965
Community & HOA
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Financial
Metadata
Neighborhood Insights
School and crime data are from public sources and are informational only.
Nearby Schools
Within 5 miles
- Dr. Robert B. Ingram Elementary • 0.0 mi • K-12
- Nathan B. Young Elementary • 0.0 mi • K-12
- Bunche Park Elementary • 0.0 mi • K-12
- Rainbow Park Elementary • 0.0 mi • K-12
- Maintenance Service Center 1 • 0.0 mi • K-12
- North Dade Center Middle • 0.0 mi • K-12
Nearby Hospitals
Within 3 miles
No nearby hospitals found.
Crime Overview
Crime data unavailable for this area.