1331 Sharazad Blvd, Opa-Locka FL 33054
Opa-LockaMap
| Price | $18,540,000.00 |
| Listing ID | A11750314 |
| Status | For Sale |
| Address Map |
1331 Sharazad Blvd, Opa-Locka FL 33054 |
| Area | Opa-Locka |
| Beds | |
| Baths | |
| Square Ft | |
| Lot Size | 129,583 |
| Year Built | 1952 |
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%.