1331 Sharazad Blvd, Opa-Locka, Florida 33054
MLS#: A11750314
$18,540,000 USD
Listed By Fausto Commercial Realty Consultants Inc
The Commercial Property for Sale located at Opa-Locka, Florida 33054 is currently for sale. Opa-Locka, Florida 33054 is listed for $18,540,000. This property has Total Parking features. If the property located at Opa-Locka, Florida 33054 isn't what you're looking for, visit https://www.sfpropertysearch.com to see other Commercial Properties for Sale in Opa-Locka .
Date Updated : Apr 8, 2025
Property features
Key features
- Total Parking
Construction details
- 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%.
Location
All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination." We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.