1241 Sharazad Blvd ,Apartments for Sale

1241 Sharazad Blvd for Sale

Price $19,500,000.00

• Lot size 129581
• Year Build 1954
• Waterfront
• Zip 33054
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Miami Central Multi-Family 103 Unit Portfolio. Total of 11 buildings, of mostly 2 bedroom units, approved and equipped for HUD housing, and all in the municipality of Opa-Locka. All buildings are of later construction, all concrete and solid structures. Due to their use by government programs, the building have been rigorously kept to the absolute highest condition and with no deferred maintenance. Just set it and forget it- and count your monthly coupons. For 2024, rents are to be guaranteed by the government at up to $2,324 for 2 bedrooms units. At proforma rents, before considering 2024?s increments, this portfolio will be generating $1,666,464 Net Operating Income, with 2024 guaranteeing closer to $2M in NOI, and this at asking price an 11% Cap.

21 52 41 PL NO 1 OPALOCKA PB 25-44 LOTS 15 & 16 BLK 13 LOT SIZE 11900 SQUARE FEET OR 19264-3457 0200 6 (2)

Miami Central Multi-Family 103 Unit Portfolio. Total of 11 buildings, of mostly 2 bedroom units, approved and equipped for HUD housing, and all in the municipality of Opa-Locka. All buildings are of later construction, all concrete and solid structures. Due to their use by government programs, the building have been rigorously kept to the absolute highest condition and with no deferred maintenance. Just set it and forget it- and count your monthly coupons. For 2024, rents are to be guaranteed by the government at up to $2,324 for 2 bedrooms units. At proforma rents, before considering 2024?s increments, this portfolio will be generating $1,666,464 Net Operating Income, with 2024 guaranteeing closer to $2M in NOI, and this at asking price an 11% Cap.

City:Opa-Locka,Zoning:4400,List A O R:A-Miami Association of REALTORS,Latitude:25.9057278,List Price:19500000,Listing Id:A11509916,Longitude:-80.246477,Mls Status:Active,Year Built:1954,Postal Code:33054,Street Name:Sharazad Blvd,Coordinates:1:25.9057278,Lot Size Units:Square Feet,M I A M I R E_ Area:21,On Market Date:2024-01-07,Parcel Number:08-21-21-002-2370,Property Type:Commercial Sale,Street Number:1241,Public Remarks:Miami Central Multi-Family 103 Unit Portfolio. Total of 11 buildings, of mostly 2 bedroom units, approved and equipped for HUD housing, and all in the municipality of Opa-Locka. All buildings are of later construction, all concrete and solid structures. Due to their use by government programs, the building have been rigorously kept to the absolute highest condition and with no deferred maintenance. Just set it and forget it- and count your monthly coupons. For 2024, rents are to be guaranteed by the government at up to $2,324 for 2 bedrooms units. At proforma rents, before considering 2024?s increments, this portfolio will be generating $1,666,464 Net Operating Income, with 2024 guaranteeing closer to $2M in NOI, and this at asking price an 11% Cap.,County Or Parish:Miami-Dade County,List Office Name:Fausto Commercial Realty Consultants Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:3485,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:24206,Unparsed Address:1241 Sharazad Blvd, Opa-Locka FL 33054,Listing Agreement:Exclusive Right To Sell,Building Area Total:77218,Building Area Units:Square Feet,Lot Size Square Feet:129581,Original List Price:19500000,Public Survey Range:21,I D X Participation Y N:1,Syndication Remarks:Miami Central Multi-Family 103 Unit Portfolio. Total of 11 buildings, of mostly 2 bedroom units, approved and equipped for HUD housing, and all in the municipality of Opa-Locka. All buildings are of later construction, all concrete and solid structures. Due to their use by government programs, the building have been rigorously kept to the absolute highest condition and with no deferred maintenance. Just set it and forget it- and count your monthly coupons. For 2024, rents are to be guaranteed by the government at up to $2,324 for 2 bedrooms units. At proforma rents, before considering 2024?s increments, this portfolio will be generating $1,666,464 Net Operating Income, with 2024 guaranteeing closer to $2M in NOI, and this at asking price an 11% Cap.,Listing Contract Date:2024-01-07,Originating System I D:miamire,Public Survey Section:21,Street Number Numeric:1241,Tax Legal Description:21 52 41 PL NO 1 OPALOCKA PB 25-44 LOTS 15 & 16 BLK 13 LOT SIZE 11900 SQUARE FEET OR 19264-3457 0200 6 (2),Public Survey Township:21,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:1.5%,M I A M I R E_ Internet Remarks:Miami Central Multi-Family 103 Unit Portfolio.,Contract Status Change Date:2024-01-07,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,Transaction Broker Compensation:1.5%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 1.5%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,