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435 Ali Baba Ave, Opa-Locka FL 33054

Multi-family Recently Sold
$1,500,000

BTC: 24.70721945

ETH: 500.18506848

Sold on: 2022-01-20
272 days
0 room(s)
6,720 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

REDUCED!!!GREAT INVESTMENT TO OWN 3 BUILDINGS SIDE BY SIDE FOR STEADY RENTAL INCOME. CENTRALLY LOCATED IN FRONT OF OPA LOCKA TRI-RAIL STATION & WITHIN WALKING DISTANCE TO NEW AMAZON WAREHOUSE. SALE INCLUDES FOLIOS: 08-2121-014-0030; 08-2121-014-0040; 08-2121-014-0050. CURRENTLY OPERATING AS A TOTAL OF 12-1/1 UNITS, RECORDS HAVE BUILDING (435) AS 4 UNITS W/ 2/1 EACH, OTHER 2 BUILDINGS (465-475) HAVE 4 UNITS W/ 1/1'S EACH BUILDING. OCCUPANCY AT 100%. CURRENT CAP RATE AT 5.5%-6.5% W/ ROOM TO INCREASE AS RENTS AREN'T AT THEIR MAX RATE. WATER METER COULD BE SUBMETERED FOR TENANTS TO PAY THEIR WATER & INCREASE INCOME. 2 OF THE BUILDINGS HAVE NEW ROOFS INSTALLED 2 YEARS AGO. MUST UNITS HAVE REMODELED KITCHENS & TILE-TERRAZO FLOORS. OWNER PAYS FOR WATER/TRASH. PLEASE DO NOT DISTURB TENANTS.

Location

Florida • Opa-Locka • 33054 • Multi-family • Recently Sold

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1969
Lot:
No Data
Heating:
Window/Wall
Price/sqft:
$238
Cooling:
Wall/Window Unit(s)
HOA:
No Data
All facts and features

  • Flooring

    • Terrazzo

    • Tile

    Heating

    • Window/Wall

    Cooling

    • Wall/Window Unit(s)

  • Other Property Information

    • Parcel Number: 08-21-21-014-0030

    • Zoning: 4400

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Other financial information

    • Annual tax amount: $4,875

  • Source details

    • MLS ID: A11028588

    Other facts

    • Lot Features: 1/2 To Less Than 3/4 Acre Lot

    • Patio And Porch Features: Open Porch

    • Window Features: Casement

    • Architectural Style: Attached

    • Living Area: 6720

    • Water Source: Municipal Water

    • Subdivision Name: ALI BABA VILLA,435-475 ALI BABA AVE

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Future Option Realty LLC