1265 Sharazad Blvd - Apartments FOR SALE


Opa-locka, FL 33054
$2,777,000 USD
305-697-7011
1265 Sharazad Blvd, Opa-locka, FL for Sale
$2,777,000 USD
Apartments - FOR SALE
1/18
null | 7.17% Cap Rate

1265 Sharazad Blvd
Opa-locka, FL 33054


HIGHLIGHTS

  • Ideal 1031 Exchange property
  • Freshly-renovated inc. impact glass and modern facade and completed 40-Year Recertification Completed
  • Steady occupancy of 92-100% from professional management company, willing to stay on to manage for fee.
  • Mix of majority Section 8 subsidized income and some traditional tenancies
  • Additional value-add available by adding laundry income, upgrading appliances in some units

OVERVIEW

THE ALPHA COMMERCIAL ADVISORS IS PLEASED TO PRESENT 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 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

FOR SALE DETAILS

PRICE

$2,777,000 USD

PRICE/SF

$234 USD /SF

# OF UNITS

14

PRICE/UNIT

$198,357

CAP RATE

7.17%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stabilized 14-Unit Multifamily

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

R-3

APN/PARCEL ID

08-2121-002-2350

ASK ABOUT THIS PROPERTY

Jamie ManiscalcoThe Alpha CommercialMore Info
305-697-7011

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Jamie ManiscalcoThe Alpha CommercialMore Info
305-697-7011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.