Overview

Property ID: A11750314

Multi Family, Commercial Sale
Property Type

77340 Sqft
Area Size

1952
Year Built

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%.

Listing courtesy of Fausto Commercial Realty Consultants Inc.

Address

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Address: 1331 Sharazad Blvd
City: Opa-locka
State/county: FL
Zip/Postal Code: 33054

Details

Updated on April 8, 2025 at 2:21 pm

Property ID A11750314
Price $18,540,000
Property Size 77340 Sqft
Garage Size x x
Year Built 1952
Property Type Multi Family, Commercial Sale
Property Status Active

Additional details

Listing Terms Cash, Conventional
Sewer Public Sewer
Cooling Central Air
Heating Central
County Miami-Dade
Property Type Commercial Sale

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