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%.
- Address 1331 Sharazad Blvd
- City Opa-locka
- County Miami-Dade
- Zip 33054
- Price $18,540,000
- Status Active
- Subdivision
- Pets Allowed No
- MLS® # A11750314
- Property Type Commercial Sale
- Property Sub TypeMulti Family
- Status Active
- Square Feet
- Year Built 1952
- Waterfront No
- Maintenance Fees No Info Provided
- Taxes
- Tax Year