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$2,700,000
 $14,494 est/mo Sourced by Back At You

1265 Sharazad Boulevard,Opa Locka, FL 33054

Opa Locka, FL 33054

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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.

Details

MLS #A11805333
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1965
Days On Site495
Listing Provided ByThe Alpha Commercial Advisors LLC | Jamie Maniscalco

Features

SQ Feet6,594
Zoning4400
Acreage0.27

Area Information

StateFL
CountyMiami Dade
CityOpa Locka
Zip Code33054
Area2210
Listing VS Median (in 33054)
Price:
$2,700,000
low | high
Med:
$403,000
100% of Average
sqft:
6,594
low | high
Med:
1,137
100% of Average
$ / sqft:
$409
low | high
Med:
$384
56.138106637259% of Average
On site:
495
low | high
Med:
196.5
100% of Average
Sourced by Back At You

Market Activity 33054

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Learn More About This Property

Arterra Realty

Arterra Realty

 (248) 731-0048marketing@arterrarealty.com
StateFL
CountyMiami Dade
CityOpa Locka
Zip Code33054
Area2210
Listing VS Median (in 33054)
Price:
$2,700,000
low | high
Med:
$403,000
100% of Average
sqft:
6,594
low | high
Med:
1,137
100% of Average
$ / sqft:
$409
low | high
Med:
$384
56.138106637259% of Average
On site:
495
low | high
Med:
196.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $2.25M - $3.375M
sqft: 4,500 - 8,000
Nearby Listings Property ImageNearby Listings Details
321 OPA LOCKA BLVD Property Photo 1
$2,500,000
321 Opa Locka Blvd
Opa Locka, FL 33054
Listing Updated: September 14, 2026 at 1:02:14 AM PDT
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