1241 Sharazad Blvd, Opa-Locka, FL 33054

$19,500,000
List Price
$19,500,000
MLS#
A11509916
Status
ACTIVE
Type
Commercial

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. 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.

Additional Information

Days on Market
139
Tax Amount
$24,206
Parcel Number
08-21-21-002-2370
Lot Size
129,581
Address
1241 Sharazad Blvd, Opa-Locka
Year Built
1954
Section
21

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing Courtesy of Fausto Commercial Realty Consultants Inc, Contact: