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.Â
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, low-maintenance investment perfect for 1031 Exchange buyers.Â
Add to that, assumable debt is available, and the property has passed its 40-year recertification, further reducing acquisition friction.Â
Investment Highlights
- Ideal unit mix with (6) 2BR-1BA units and (8) 1BR-1BA unitsÂ
- Varied income mix with (10) Section 8 (annual leases) and (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
