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    1265 Sharazad Blvd Opa Locka, FL 33054

    For Sale
    $2,795,000

    Fully renovated, 14-unit multifamily property with steady occupancy.

    Lot size:
    0.27 Acres

    Property Features for 1265 Sharazad Blvd

    General Information

    Lot size
    0.27 Acres

    Building Details

    Year built
    1965

    Source: The Alpha Commercial Advisors LLC Agent Jamie Maniscalco

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

    Overview

    Renovated Multifamily Asset in Opa-Locka

    The Bel-Air Apartments are a fully-renovated and stabilized 14-unit multifamily asset located in Opa-Locka, Florida. The property features a balanced mix of efficiently-sized one-bedroom and two-bedroom units. Substantial capital improvements have been made. The property benefits from optimized in-place income from both market-rate and Section 8 tenants. The grounds are fully renovated and feature impact glass, a gated courtyard entry, security cameras, ample on-site parking, and a clean modern facade. All units are individually metered for electric. The property maintains steady occupancy between 92% and 100% due to professional property management. The property is suited for 1031 Exchange buyers and offers a secure, low-maintenance investment. The unit mix includes six two-bedroom, one-bathroom units and eight one-bedroom, one-bathroom units. An assumable mortgage is available at a 6.4% interest rate.
    Location Intelligence

    Current Use by Public Records

    Joe's Septic Tank ... Septic System Service

    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
    -80.246194
    Latitude
    25.905681

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    FAQs

    What type of property is this?
    Apartment building - Fully renovated, 14-unit multifamily property with steady occupancy.
    Where is this apartment building located?
    The property is located at 1265 Sharazad Blvd Opa Locka, FL.
    What is the asking price?
    The asking price for this property is $2,795,000.
    What are key features of this property?
    This property features: - Fully-renovated 14-unit multifamily asset in Opa-Locka, Florida.; - Assumable mortgage at 6.4% interest.; - Steady 92-100% occupancy rate.
    (201) 264-0113
    Request Owner's contact information
    1265 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
    1265 Sharazad Blvd Opa Locka, FL 33054
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