FL > Opa-locka
Opa-locka, FL 33054,1331 Sharazad Blvd
Opa-locka, FL 33054,1331 Sharazad Blvd
Opa-locka, FL 33054,1331 Sharazad Blvd
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$18,540,000
Est. payment /mo
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77,340 SqFt
Active

1331 Sharazad Blvd Opa-locka, FL 33054

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Jhaun Pryce

Jhaun Pryce

+1(305) 912-8349

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 77,340 sqft

Price per Sqft $239

MLS Listing ID A11750314

HOA Y/N Yes

Year Built 1952

Lot Size 2.975 Acres

Property Sub-Type Multi Family

Property 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%.

Location

State FL

County Miami-dade

Area 31

Interior

Heating Central

Cooling Central Air

Exterior

Total Parking Spaces 150

Private Pool Yes

Building

Sewer Public Sewer

Water Public

Structure Type Block

Others

Tax ID 08-21-21-002-1270

Ownership Partnership

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11750314

Listed by Fausto Commercial Realty Consultants Inc
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+1(305) 912-8349

[email protected]

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