Link copied!
1265 Sharazad Blvd, Opa Locka, FL 33054
Offering:
For Sale
Location:
Opa Locka, FL 33054
Status:
Active
$2,700,000
Details
Year built:
1965
Lot size:
11,858 sq ft
Days on market:
465
Type:
Multi-family
MLS ID
A11805333
Virtual tour:
Listed by:
The Alpha Commercial Advisors LLC (TACA01)
Listing office phone:
Listing office email:
Listing agent:
Jamie Maniscalco (3391005)
Description
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 HIGHLIGHTS
Ideal unit mix with (6) 2BR-1BA units and (8) 1BR-1BA units
Varied income profile with majority Section 8 annual tenancies
flexible 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 facade
40-Year Recertification Completed
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
-Price Per Door: $192,857
-In-Place CAP: 7.17%
-Pro-Forma CAP: 8.3%
-Current Occupancy: 93%
NEW lease was signed for Section 8 tenant at $2,262/month, highest rent for the building.
Price history
$3,295,000 → $2,777,000
·
Reduced by
$518,000 (15.7%) · 4 price changes
Location
1265 Sharazad BlvdOpa Locka, FL 33054
MLS information
Last updated Aug 30, 2026
Deemed reliable but not guaranteed.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
