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1265 Sharazad Blvd

Opa-locka, FL

Listing Details

  • $2,777,000
  • MLS# A11805333
  • Type Commercial - Business
  • Status Active
  • 0.272 acres
    Lot Size
  • 1965
    Year Built

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 building recertification, well-maintained grounds, and proven management model ripe for continued appreciation as the area remains a critical employment and transportation... Read more 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

Key Features

No amenity information available.

View All Features
1265 Sharazad Blvd
Opa-locka, FL 33054
County
Miami-Dade

Contact the Agent

Luxury Homes Specialist
Contact the Listing Agent
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All Property Features

  • Property Type: Commercial - Business
  • Crops Included Y/N: No
  • Days on Site: 377
  • Home Warranty Y/N: No
  • Lease Considered Y/N: No
  • Lot Size: 0.27 Acres
  • Parcel#: 08-21-21-002-2350
  • Property Attached Y/N: No
  • Property Sub-Type: Income/MultiFamily
  • Year Built: 1965