1265 Sharazad Boulevard, Opa-Locka, FL 33054
$2,700,000
Property Type:
Commercial Sale
Square Footage:
6,594
Status:
Active
Current Price:
$2,700,000
List Date:
5/18/2025
Last Modified:
8/06/2026
Overview
Description
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PRESENTING 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 bldg. 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 HIGHLIGHTSIdeal unit mix with (6) 2BR-1BA units and (8) 1BR-1BA unitsVaried income profile with majority Section 8 annual tenanciesflexible 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 facade40-Year Recertification CompletedAll units individually metered for electricSteady 92–100% occupancy from professional property managementAdditional upside available by adding laundry income + upgrading finishes in remaining units-Price Per Door: $192,857-In-Place CAP: 7.17%-Pro-Forma CAP: 8.3%-Current Occupancy: 93%NEW lease was signed for Section 8 tenant at $2,262/month, highest rent for the building.
Listing Details MLS# A11805333
General Property Information
- Property Sub Type
- Multi Family
- Occupant Type
- Tenant
- Building Area Main
- 6594
- Year Built
- 1965
- Lot Size Area
- 11858
- Lot Size Acres
- 0.27
Contract Information
- Comp Sale YN
- No
- Original List Price
- 3295000
Location and Legal
- Country
- United States
- County Or Parish
- Miami-Dade
- County Parish Name
- Miami-Dade
- Street Number
- 1265
- Street Name
- Sharazad
- Street Suffix
- Boulevard
- City Name
- Opa Locka
- State Or Province
- FL
- Postal Code
- 33054
- Postal Code +4
- 3486
- Area
- 2210
- Parcel Number
- 0821210022350
- Subdivision Number
- 2
- Zoning
- 4400
- Flood Zone
- X
Financial Information
- Tax Legal Description
- PL NO 1 OPA LOCKA PB 25-44 LOTS 13 & 14 BLK 13 LOT SIZE 11858 SQUARE FEET OR 10680-1781 0280 1
Status Change Information
- Major Change Timestamp
- 2026-07-31T00:44:19Z
- Major Change Type
- Price Reduced
- Price Change Timestamp
- 2026-07-31T00:44:19Z
- Status Change Date
- 2025-05-18
Price Calculations
- Current Price To SqFt
- 409.46
More Information
Section Details
- Parcel Number MLX
- 2350
Originating Details
- Originating System Key
- 411652701
- Originating System ID
- M00000151
Office/Member Information
- DXORIGMLSID
- SEF
Listing Office:
The Alpha Commercial Advisors LLC
Last Updated: August - 06 - 2026
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