Mailbox-Money Asset w/ Majority Section 8 1265 Sharazad Blvd 14 Unité Immeuble d’appartements 3 901 597 $ CAD (278 685 $ CAD/Unité) 7,30% Taux de capitalisation 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. The rent roll is comprised primarily of Section 8 tenancies (10 of 14 units), with a balanced mix of efficiently-sized BR and 2BR units, substantial capital improvements, and optimized in-place income, allowing buyer to step into a money-making machine, and with option to keep current management company on board offering a secure, low-maintenance investment perfect for 1031 Exchange buyers. Add to that, assumable debt is available at 6.4% interest for buyers with existing multifamily portfolios. The property has a clean bill of health with 40-year recertification in place, further reducing acquisition friction.
***Projected NOI accounts for re-assessed taxes, 3% vacancy loss, and 6% management fee.*****
Owner will stay on as property manager at a fee, for a seamless step-in to mailbox money, for any buyer who desires this option.
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
-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