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 Market248

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