1265 Sharazad Blvd - Apartments FOR SALE


Opa Locka, FL 33054
$3,295,000 USD
305-697-7011
1265 Sharazad Blvd, Opa Locka, FL for Sale
$3,295,000 USD
Apartments - FOR SALE
1/18
null | 7% Cap Rate

1265 Sharazad Blvd
Opa Locka, FL 33054


HIGHLIGHTS

  • Ideal 1031 Exchange property
  • Fully renovated grounds and units
  • Steady occupancy of 92-100% from professional management company
  • Assumable mortgage available
  • 40-Year Recertification Completed

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, Florida. With a balanced mix of efficiently-sized BR and 2BR units, substantial capital improvements, and optimized in-place income from both market-rate and Section 8 tenants, this property offers a secure, low-maintenance investment perfect for 1031 Exchange buyers. Add to that, assumable debt is available, and the property has passed its 40-year recertification, further reducing acquisition friction. Investment Highlights -Ideal unit mix with (6) 2BR-1BA units and 8 1BR-1BA units -Varied income mix with ten (10) Section 8 (annual leases) and four (4) 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 -Assumable mortgage @ 6.4% interest -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 Renovation Highlights -Upgraded kitchens w/granite countertops (most units) -Over 75% of bathrooms upgraded -Stainless steel appliances in more than 50% of units -2-3 new mini-split AC systems per unit -Recessed lighting & impact windows -Clean, durable finishes for long-term durability

FOR SALE DETAILS

PRICE

$3,295,000 USD

PRICE/SF

$278 USD /SF

# OF UNITS

14

PRICE/UNIT

$235,357

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bel-Air Apartments

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

11,858 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 Policy.