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    1331 Sharazad Blvd Opa Locka, FL 33054

    For Sale
    $18,540,000

    102-unit multifamily portfolio in Opa-Locka with strong cash flow.

    Lot size:
    2.97 Acres

    Property Features for 1331 Sharazad Blvd

    General Information

    Lot size
    2.97 Acres

    Building Details

    Year built
    1952

    Source: Fausto Commercial Realty Consultants Inc Agent Francisco Campos

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Opa-Locka Multifamily Investment Portfolio

    This multifamily portfolio is located in the growing Opa-Locka neighborhood of Miami and comprises 102 units across five properties. The unit mix primarily features two-bedroom apartments. The portfolio includes properties at 2301 Atlantic Ave (24 units, all two-bedroom units), 13240 Port Said Rd (24 units, 22 two-bedroom and 2 one-bedroom units), 1219 Sharazad Blvd (38 units, 24 two-bedroom, 8 one-bedroom, and 6 studio units), 2070 Ali Baba Ave (8 units, 6 two-bedroom and 2 one-bedroom units), and 1331 Sharazad Blvd (8 units, 4 one-bedroom and 4 studio units). The properties offer higher returns and strong cash flow. Section 8 rents are above market rates, ensuring consistent premium rental income. The cap rate is 6.5% with a pro-forma of 8.61%.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Opa Locka
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.245025
    Latitude
    25.905725

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    FAQs

    What type of property is this?
    Apartment building - 102-unit multifamily portfolio in Opa-Locka with strong cash flow.
    Where is this apartment building located?
    The property is located at 1331 Sharazad Blvd Opa Locka, FL.
    What is the asking price?
    The asking price for this property is $18,540,000.
    What are key features of this property?
    This property features: - High Cash Flow and Strong Returns: Multifamily portfolio designed for optimal financial performance.; - Section 8 Rents Above Market: Ensures consistent and premium rental income.; - Excellent Investment Opportunity: One-bedroom units in the area selling for $180K per door, indicating significant potential value.
    (786) 805-7408
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    1331 Sharazad Blvd Opa Locka, FL 33054
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1331 Sharazad Blvd Opa Locka, FL 33054
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