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Stabilized 14-Unit Multifamily 1265 Sharazad Blvd 14 Unit Apartment Building $2,777,000 ($198,357/Unit) 7.17% Cap Rate Opa-locka, FL 33054
Investment Highlights
- Ideal 1031 Exchange property
- Steady occupancy of 92-100% from professional management company, willing to stay on to manage for fee.
- Additional value-add available by adding laundry income, upgrading appliances in some units
- Freshly-renovated inc. impact glass and modern facade and completed 40-Year Recertification Completed
- Mix of majority Section 8 subsidized income and some traditional tenancies
Executive Summary
THE ALPHA COMMERCIAL ADVISORS IS PLEASED TO PRESENT 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 building 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
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 building 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
Property Facts
| Price | $2,777,000 | Building Class | C |
| Price Per Unit | $198,357 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 11,858 SF |
| Cap Rate | 7.17% | Average Occupancy | 93% |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.26/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 - Moderate density multifamily residential | ||
| Price | $2,777,000 |
| Price Per Unit | $198,357 |
| Sale Type | Investment |
| Cap Rate | 7.17% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 11,858 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | R-3 - Moderate density multifamily residential |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Courtyard
- Fenced Lot
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 565 |
| 1+1 | 8 | - | 400 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 08-2121-002-2350 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,419,000 |
Property Taxes
Parcel Number
08-2121-002-2350
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,419,000
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Stabilized 14-Unit Multifamily | 1265 Sharazad Blvd
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