1265 Sharazad Boulevard, Opa-Locka, FL 33054

$2,695,000 · $409 per sq ft · Multifamily for sale

  • Property type: Multi Family
  • Asking price: $2,695,000
  • Price per sq ft: $409
  • Building size: 6,594 sq ft
  • Lot size: 11,761 sq ft
  • Zoning: 4400
  • Year built: 1965
  • Parcel ID: 0821210022350
  • MLS#: A11805333
Photo 1 at 1265 Sharazad Boulevard, Opa-LockaPhoto 2 at 1265 Sharazad Boulevard, Opa-LockaPhoto 3 at 1265 Sharazad Boulevard, Opa-LockaPhoto 4 at 1265 Sharazad Boulevard, Opa-LockaPhoto 5 at 1265 Sharazad Boulevard, Opa-LockaPhoto 6 at 1265 Sharazad Boulevard, Opa-LockaPhoto 7 at 1265 Sharazad Boulevard, Opa-LockaPhoto 8 at 1265 Sharazad Boulevard, Opa-Locka

About this property

PRESENTING 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 bldg. 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 HIGHLIGHTSIdeal unit mix with (6) 2BR-1BA units and (8) 1BR-1BA unitsVaried income profile with majority Section 8 annual tenanciesflexible 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 facade40-Year Recertification CompletedAll units individually metered for electricSteady 100% occupancy from professional property managementAdditional upside available by adding laundry income + upgrading finishes in remaining units-Price Per Door: $192,500-In-Place CAP: 7.22%-Pro-Forma CAP: 8.36%-Current Occupancy: 100%NEW lease was signed for Section 8 tenant at $2,262/month, highest rent for the building.

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

The Alpha Commercial Advisors LLC · sales@thealphacomm.com · Listing agent: Jamie Maniscalco

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Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 1265 Sharazad Boulevard or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 1265 Sharazad Boulevard

How much is 1265 Sharazad Boulevard?
1265 Sharazad Boulevard is listed at $2,695,000, about $409 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is 1265 Sharazad Boulevard zoned?
The listing reports zoning of 4400. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 1265 Sharazad Boulevard?
The listing reports 6,594 square feet of building.
When was 1265 Sharazad Boulevard built?
1265 Sharazad Boulevard was built in 1965. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
How do I tour 1265 Sharazad Boulevard?
Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

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