Bel-Air Apartments - 1265 Sharazad Blvd
Renovated 14-Unit Multifamily - Section 8 Asset
Marketing description
THE ALPHA COMMERCIAL ADVISORS IS PLEASED TO PRESENT BEL-AIR APARTMENTS: A PRISTINE, FULLY-RENOVATED AND STABILIZED 14-UNIT MULTIFAMILY ASSET LOCATED IN OPA-LOCKA, FL.
With a balanced mix of efficiently-sized 1BR and 2BR units, substantial capital improvements, and optimized in-place income from both market-rate and Section 8 tenants, this property offers a secure and durable investment perfect for cash-flow motivated buyers.
Step into this high-occupancy operation with minimal acquisition friction from completed 40-year building recertification, well-maintained grounds, and proven management model ripe for continued appreciation as the area remains a critical employment and transportation hub for the entire region.
Investment highlights
Investment Highlights
- Ideal unit mix with (6) 2BR-1BA units and (8) 1BR-1BA units
- Varied income profile with majority Section 8 annual tenancies flexible market-rate tenancies (highly subsidized) in addition to flexible market-rate tenancies.
- Fully-renovated grounds feature impact glass, gated courtyard entry, security cameras, ample on-site parking, and clean modern facade
- 40-Year Recertification Completed
- All units individually metered for electric
- Steady 92–100% occupancy from professional property management
- Additional upside available by adding laundry income + upgrading finishes in remaining units
Renovation Highlights
- Upgraded kitchens w/granite countertops (most units)
- Over 75% of bathrooms upgraded
- Stainless steel appliances in more than 50% of units
- 2-3 new mini-split AC systems per unit
- Recessed lighting & impact windows
- Clean, durable finishes for long-term durability
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