1265 Sharazad Blvd, Opa-locka, FL 33054
1265 Sharazad Blvd, Opa-locka, FL 33054
1265 Sharazad Blvd, Opa-locka, FL 33054
1265 Sharazad Blvd, Opa-locka, FL 33054
1265 Sharazad Blvd, Opa-locka, FL 33054
1265 Sharazad Blvd, Opa-locka, FL 33054
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Roberto Guzman

Roberto Guzman

+1(305) 467-5520
$ 2,700,000
Est. payment | /mo

6,594 SqFt

Save Virtual Tour
$ 2,700,000
Est. payment | /mo
Save Virtual Tour

6,594 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,594 sqft

Price per Sqft $409

MLS Listing ID A11805333

HOA Y/N No

Year Built 1965

Lot Size 0.272 Acres

Property Sub-Type Multi Family

Property 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.

Location

State FL

County Miami-dade

Area 21

Zoning 4400

Exterior

Private Pool Yes

Others

Tax ID 08-21-21-002-2350

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11805333

Miami Association of Realtors (SEFMIAMI MLS)
Listed by The Alpha Commercial Advisors LLC

NEARBY SCHOOL & BUSINESS

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Roberto Guzman

+1(305) 467-5520

roberto@lifestyleintrealty.com

20200 W Dixie Hwy Suite 609, Aventura, FL 33180, USA

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1265 Sharazad Blvd

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