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PRESENTING 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 bldg. 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
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 100% occupancy from professional property management
Additional upside available by adding laundry income + upgrading finishes in remaining units
-Price Per Door: $192,500
-In-Place CAP: 7.22%
-Pro-Forma CAP: 8.36%
-Current Occupancy: 100%
NEW lease was signed for Section 8 tenant at $2,262/month, highest rent for the building.
Source: County GIS attendance zone boundaries. Assignments are based on property location and may change. Use Miami-Dade County Public Schools's official locator to confirm.