Basic Information

  • MLS # A11750314
  • Type Multi Family
  • Status Active
  • Year Built 1952
  • Total Size 129,583 Sq.Ft / 2.97 Acre
  • Date Listed 02/22/2025
  • Days on Market 75
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%.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Parking Description
  • Style Multi Family

Interior Features

  • Adjusted Sqft 2.97 AcreSq.Ft
  • Cooling Description Central Air
  • Heating Description Central
  • Sqft 2.97 Acre Sq.Ft

Property Features

  • Address 1331 Sharazad Blvd
  • Aprox. Lot Size 129,583
  • City Opa- Locka
  • Construction Materials Block
  • County Miami- Dade
  • Furnished Info no
  • Listing Terms Cash, Conventional
  • Occupant Type Tenant
  • Possession Close Of Escrow
  • Postal City Opa-Locka
  • Sewer Description Public Sewer
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $0
  • Tax Legal desc P L N O1 O P A L O C K A P B25-44 L O T19& E6.5 F T L O T20 B L K7 L O T S I Z E6723 S Q U A R E F E E T O R18071-192504981 C O C22473-34880720041
  • Tax Year 0
  • Terms Considered Cash, Conventional
  • Type of Property Multi Family
  • Water Source Public

1331 Sharazad Blvd

Opa-Locka, FL 33054

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Fausto Commercial Realty Consultants Inc. tel: 786-748-7373

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