1265 Sharazad Blvd,Opa Locka, FL 33054
Opa Locka, FL 33054
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.
Details
| MLS # | A11805333 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 473 |
| Listing Provided By | The Alpha Commercial Advisors LLC | Jamie Maniscalco |
Features
| SQ Feet | 6,594 |
|---|---|
| Zoning | 4400 |
| Acreage | 11858.00 |
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Opa Locka |
| Zip Code | 33054 |
| Area | 21 |
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Opa Locka |
| Zip Code | 33054 |
| Area | 21 |