Bel-Air Apartments 1265 Sharazad Blvd Immeuble residentiel 14 lots 2 869 451 € (204 961 €/Lot) Taux de capitalisation 7 % Opa Locka, FL 33054

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, Florida. With a balanced mix of efficiently-sized BR and 2BR units, substantial capital improvements, and optimized in-place income from both market-rate and Section 8 tenants, this property offers a secure, low-maintenance investment perfect for 1031 Exchange buyers. Add to that, assumable debt is available, and the property has passed its 40-year recertification, further reducing acquisition friction.
Investment Highlights
-Ideal unit mix with (6) 2BR-1BA units and 8 1BR-1BA units
-Varied income mix with ten (10) Section 8 (annual leases) and four (4) 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
-Assumable mortgage @ 6.4% interest
-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