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%.
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%.
Property Details
Price:
$18,540,000
MLS #:
A11750314
Status:
Active
Beds:
0
Baths:
0
Address:
1331 Sharazad Blvd
Type:
Commercial
Subtype:
Income/MultiFamily
City:
Opa-Locka
Listed Date:
Feb 21, 2025
State:
FL
Finished Sq Ft:
77,340
Total Sq Ft:
77,340
ZIP:
33054
Year Built:
1952
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Schools
Interior
Cooling
Central Individual A/ C
Heating
Central Individual A/ C
Exterior
Construction Materials
C B S Construction
Parking Spots
150
Financial
Map
Community
- Address1331 Sharazad Blvd Opa-Locka FL
- CityOpa-Locka
- CountyMiami-Dade County
- Zip Code33054
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