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$2,700,000
476 Days On Site

1265 Sharazad Blvd
Opa Locka, FL 33054

For Sale|Multi Family|Active
0
Beds
0
Total Baths
6,594
SqFt
$409
/SqFt
1965
Built
County:
Miami-Dade
Call Now: 1-561-540-8122
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1-561-540-8122
1265 Sharazad Blvd1265 Sharazad Blvd1265 Sharazad Blvd1265 Sharazad Blvd
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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.

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Listing Snapshot
Price 
$2,700,000
Days On Site 
476 Days
Bedrooms 
N/A
Inside Area (SqFt) 
6,594 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2722 Acres
Year Built 
1965
MLS® Number 
A11805333
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoPrice changed to $2,700,000
a month agoListing updated with changes from the MLS®
a year agoListing first seen on site
General Features
Property Sub Type 
Multi Family
SqFt Total 
6594
Zoning 
4400
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Community Features
MLS Area 
21
Listing courtesy of The Alpha Commercial Advisors LLC

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Neighborhood & Commute
Source: Walkscore
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ALICE LONNQVIST

PHONE: 1-561-540-8122