1241 Sharazad Blvd, Opa-Locka

Active

Opa - Locka FL, 33054

$19,500,000

$252.53 per sqft

Active

77,218 sqft

Commercial

Built in 1954

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.

A11509916

MLSⓇ ID

January 7, 2024

Listed

February 15, 2024

Updated

Map

1241 Sharazad Blvd, Opa-Locka
Opa - Locka FL, 33054

Interior Features

Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 2.97 Acres

Other Property Details

Taxes: $24,206
Tax Frequency: Annually
Garage: No
View: No
County: Miami-Dade County
Pool: No
Zoning: 4400
Buyer Agency Compensation: 1.5%

Listed by: Fausto Commercial Realty Consultants Inc
Listing Contact: 305-431-2258

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. 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. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated 8:46 PM UTC, 2/15/2024.