Opa-Locka multifamily portfolio with 102 units, mostly two-bedroom units, offering higher returns and strong cash flow. One-bedroom units in the area are selling for $180K per door, making this an excellent investment opportunity. Section 8 rents are now abo

1331 Sharazad Blvd, Opa-locka, FL 33054, USA

$18,540,000 USD
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      Address1331 SHARAZAD BLVD, Opa-Locka
      Type of PropertyIncome / MultiFamily
      Type of BusinessApartments, Residential-Multi-Family
      Price$18,540,000
      Property StatusActive
      MLS NumberA11750314
      Property Size129583
      Lot Size129583
      Year Built1952
      Parking Space Number150
      Folio Number08-21-21-002-1270
      Zoning Information6600
      Days on Market291

      Detailed Description: Opa-Locka multifamily portfolio with 102 units, mostly two-bedroom units, offering higher returns and strong cash flow. One-bedroom units in the area are selling for $180K per door, making this an excellent investment opportunity. Section 8 rents are now above market rates, ensuring consistent premium rental income. Located in Miami’s growing Opa-Locka neighborhood, this portfolio includes five properties: 2301 Atlantic Ave (24 units) – All two-bedroom units 13240 Port Said Rd (24 units) – 22 two-bedroom, 2 one-bedroom 1219 Sharazad Blvd (38 units) – 24 two-bedroom, 8 one-bedroom, 6 studios 2070 Ali Baba Ave (8 units) – 6 two-bedroom, 2 one-bedroom 1331 Sharazad Blvd (8 units) – 4 one-bedroom, 4 studios Cap rate is 6.5% with a pro-forma of 8.61%.

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      Address Information
      StateFlorida
      CityOpa-Locka
      CountyMiami-Dade County
      Zip Code33054
      Address1331 SHARAZAD BLVD
      Section21
      Zip Code (4 Digits)3487
      Google Location Info1331 Sharazad Blvd, Opa-locka, FL 33054, USA
      Financial Information
      Price$18,540,000
      Price per Foot$0
      Folio Number08-21-21-002-1270
      Full Descriptions
      Detailed DescriptionOpa-Locka multifamily portfolio with 102 units, mostly two-bedroom units, offering higher returns and strong cash flow. One-bedroom units in the area are selling for $180K per door, making this an excellent investment opportunity. Section 8 rents are now above market rates, ensuring consistent premium rental income. Located in Miami’s growing Opa-Locka neighborhood, this portfolio includes five properties: 2301 Atlantic Ave (24 units) – All two-bedroom units 13240 Port Said Rd (24 units) – 22 two-bedroom, 2 one-bedroom 1219 Sharazad Blvd (38 units) – 24 two-bedroom, 8 one-bedroom, 6 studios 2070 Ali Baba Ave (8 units) – 6 two-bedroom, 2 one-bedroom 1331 Sharazad Blvd (8 units) – 4 one-bedroom, 4 studios Cap rate is 6.5% with a pro-forma of 8.61%.
      Cooling DescriptionCentral Individual A / C
      Heating DescriptionCentral Individual A / C
      Water DescriptionPublic
      Sewer DescriptionPublic Sanitation
      Property parameters
      Living Area129583
      Lot Size129583
      Total Acreage0.000
      Zoning Information6600
      Maximum Leasable Size129583
      Year Built1952
      Type of PropertyIncome / MultiFamily
      Type of BusinessApartments, Residential-Multi-Family
      Construction TypeCBS Construction
      Parking Space Number150
      Listed withFausto Commercial Realty Consultants Inc