1265 Sharazad Blvd, Opa-Locka, FL 33054

Listing Remarks — 1265 Sharazad Blvd, Opa-Locka, FL 33054

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 100% occupancy from professional property management Additional 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.

Inside the Residence: 1265 Sharazad Blvd, Opa-Locka, FL 33054

Pool Private

No

Building & Association Facts — 1265 Sharazad Blvd, Opa-Locka, FL 33054

Building Area Total

6594

Building Area Units

Square Feet

Association

No

Site, Views & Construction — 1265 Sharazad Blvd, Opa-Locka, FL 33054

Lot Size Square Feet

11,858

Waterfront

No

View

No

New Construction

No

Tax & Parcel Record — 1265 Sharazad Blvd, Opa-Locka, FL 33054

Parcel Number

08-21-21-002-2350

Tax Legal Description

PL NO 1 OPA LOCKA PB 25-44 LOTS 13 & 14 BLK 13 LOT SIZE 11858 SQUARE FEET OR 10680-1781 0280 1

Zoning

4400

County Or Parish

Miami-Dade County

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