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Property 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. rnAll 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.

Address Map
FL
Miami-Dade County
Opa-Locka
33054
1241 Sharazad Blvd
W81° 45' 12.7''
N25° 54' 20.6''
MLS Addon
1
Sale
$24,206
4400
0

1241 Sharazad Blvd, Opa-Locka, Florida 33054

$19,500,000
129,581 size sq.ft.
Listing ID #A11509916
Basic Details
Property Type Commercial Sale
Listing Type For Sale
Listing ID A11509916
Price $19,500,000
Year Built 1954
Days on Market 0
Building Area 77,218
Status Active
Property SubType Income/multifamily
Lot Area 129,581 Sqft
List Date 2024-01-08
On Market Date 07/01/2024
Elena Beck
MiamiInvestrealty
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