18
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$2,700,000
Est. payment /mo
6,594 SqFt
Active
1265 Sharazad BLVD Opa Locka, FL 33054
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Key Details
Property Type Commercial
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 0.270 Acres
Acres 0.27
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 HIGHLIGHTSIdeal unit mix with (6) 2BR-1BA units and (8) 1BR-1BA unitsVaried income profile with majority Section 8 annual tenanciesflexible 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 facade40-Year Recertification CompletedAll units individually metered for electricSteady 92–100% occupancy from professional property managementAdditional 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 2210
Zoning 4400
Interior
Interior Features InteriorFeatures
Fireplace No
Others
Tax ID 0821210022350
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11805333
Listed by Jamie Maniscalco The Alpha Commercial Advisors LLC
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