1331 Sharazad Blvd ,Free Standing for Sale & Rent

1331 Sharazad Blvd for Sale & Rent

Price $18,540,000.00

• Lot size 129583
• Year Build 1952
• Waterfront
• Zip 33054
• Style
• Parking Description
• Pool Yes
• Status Active

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%.

PL NO 1 OPA LOCKA PB 25-44 LOT 19 & E6.5FT LOT 20 BLK 7 LOT SIZE 6723 SQUARE FEET OR 18071-1925 0498 1 COC 22473-3488 07 2004 1

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%.

City:Opa-Locka,Zoning:6600,List A O R:A-Miami Association of REALTORS,Latitude:25.9057405,Cooling Y N:1,Heating Y N:1,Lease Term:1 To 3 Year Lease,List Price:18540000,Listing Id:A11750314,Longitude:-80.245041,Mls Status:Active,Ownership:Partnership,Year Built:1952,Inclusions:Building & Land,Postal Code:33054,Street Name:Sharazad Blvd,Coordinates:1:25.9057405,Photos Count:90,Business Type:1:Residential-Multi-Family,Days On Market:1,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:31,On Market Date:2025-02-21,Parcel Number:08-21-21-002-1270,Parking Total:150,Property Type:Commercial Sale,Street Number:1331,Public Remarks: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%.,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 Plus4:3487,Property Sub Type:Income/MultiFamily,State Or Province:FL,Unparsed Address:1331 Sharazad Blvd, Opa-Locka FL 33054,Listing Agreement:Exclusive Right To Sell,Building Area Total:77340,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:129583,M I A M I R E_ For Sale Y N:1,Number Of Buildings:9,Original List Price:18540000,Public Survey Range:21,Documents Available:1:Contracts,2:Photos,3:Rent Rolls,I D X Participation Y N:1,Syndication Remarks: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 Contract Date:2025-02-21,Originating System I D:miamire,Public Survey Section:21,Showing Instructions:24 Hour Notice,Appointment Only,Call Listing Agent,Street Number Numeric:1331,Tax Legal Description:PL NO 1 OPA LOCKA PB 25-44 LOT 19 & E6.5FT LOT 20 BLK 7 LOT SIZE 6723 SQUARE FEET OR 18071-1925 0498 1 COC 22473-3488 07 2004 1,Public Survey Township:21,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Call Listing Agent.,Contract Status Change Date:2025-02-21,Internet Address Display Y N:1,Number Of Units In Community:102,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,