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1241 Sharazad Blvd Opa-Locka, FL $ 19,500,000
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1241 Sharazad Blvd
$ 19,500,000
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1241 Sharazad Blvd

Opa-Locka, FL, 33054
$ 19,500,000
Baths0.0 Sq 77,218

Monthly Estimate*

$ 136,213

​
Studio Commercial Property for sale in Opa-Locka, FL for $19,500,000. This 77,218 square foot building was built in 1954 on a lot size of 2.97477.

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.

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Commercial Active

Price

$ 19,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 24,206

Style

MultiFamily

Lot Size

2.97477

Year Built

1954

Town/City

Opa-Locka

County/Region

MIAMI-DADE

MLS | Web ID

A11509916
Features
General
Year Built 1954
Property SubType MultiFamily
County Miami-Dade County
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
City Opa-Locka
Buyer Agent Compensation 1.5%
View Y/N N
Senior Community Y/N N
Zoning Description 4400
MLS Area 21
Lot Size Square Feet 129581.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Sharazad Blvd
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 24206.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 0
Structure Type Apartment
Standard Status Active
Occupancy Description Tenant
Property Sub Type Additional MultiFamily
Legal Description 21 52 41 PL NO 1 OPALOCKA PB 25-44 LOTS 15 & 16 BLK 13 LOT SIZE 11900 SQUARE FEET OR 19264-3457 0200 6 (2)
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Exterior
Lot Size Area 129581.0
Spa N
Building Area Total 77218.0
Lot Size Units SquareFeet
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 1241
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* Excluded Features
List By
Fausto Commercial Realty Consultants Inc

Broker

cfm@faustocommercial.com

Email

Affordability Calculator

$138,230
Per Month
99%
1%
0%
Monthly Principal & Interest
$136,213
Monthly Property Taxes
$2,017
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
292769 Elementary School
292996 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/7/2024$19,500,000 Listed Price

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1241 Sharazad Blvd, Opa-Locka, FL, 33054 is a Commercial Property for sale at $19,500,000 with 77,218 sqft and a lot size of 2.97477. 1241 Sharazad Blvd is a studio with 0.0 baths and was built in 1954. The property's zip code is 33054 which is in Opa-Locka, FL

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