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Gelfand Realty Miami Properties for Sale - Income/MultiFamily for Sale

1331 SHARAZAD BLVD, OPA-LOCKA, FL 33054

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Income/MultiFamily - for Sale

1331 SHARAZAD BLVD, OPA-LOCKA, FL 33054

Asking Price$18,540,000

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  • Lot size 129583sqft
  • Year Built 1952

  • Days on market:

    46 day(s)

  • Original Price:

    $18,540,000

  • 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

  • Property Type:

    Income/MultiFamily

  • Inclusions:

    Building & Land

  • Lease Term Remaining:

    1 To 3 Year Lease

  • Construction Type:

    Cbs ConstructionConcrete Block Construction

  • Cooling Description:

    Central Individual A/C

  • Heating Description:

    Central Individual A/C

  • Special Listing Conditions:

    Sale

Description

$18,540,000

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%.
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