Address
1761 Ali Baba Ave, Opa-Locka, FL
Price
$ 1,300,000
Property Attributes
- MLS#A11533493
- TypeIncome
- CountyMIAMI-DADE
- CityOpa-Locka
- Area21
- NeighborhoodMagnolia
- Zip33054
- StyleFourplex
- Year Built1959
- Taxes$ 13963
- Price$ 1,300,000
- Bedrooms12
- Full Bathrooms6
- Half Bathrooms0
- Sqr Footage3980
Data Source:
Southeast Florida MLS (SEFMLS)
Property Description
Attention investors! 6 unit multifamily property with 100% occupancy on annual leases consisting of 2 bedrooms with 1 bathroom each. This income producing property has an estimated gross annualized rent (GAR) of $129,000 yielding an approximate 8.30% CAP rate. Each unit has their separate water & electricity meter.
| Price History | |
|---|---|
| 2/14/2024 | Listed $1,300,000 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | WallFurnace |
| Cooling | WallWindowUnits |
| Utilities | CableAvailable |
| Possession | ClosingFunding |
| Roof | Flat,TarGravel |
| Architectural Style | Fourplex |
| Pool Features | None |
| Construction Materials | Block |
| Year Built | 1959 |
| Stories | 2 |
| Levels | Two |
| Property SubType | Quadruplex |
| Tax Year | 2013 |
| County | Miami-Dade County |
| Net Operating Income | 107886.0 |
| Operating Expense | 21113.0 |
| New Construction | No |
| Property Type | ResidentialIncome |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Subdivision Name | Magnolia |
| Garage Y/N | No |
| Rent Includes | Gardener,TrashCollection |
| Status | Active |
| Directions | Take Curtiss St and Langley Rd to NW 37th Ave/Officer Simmons Arrington Ave. Take NW 151st St to Ali Baba Ave. Turn left onto Ali Baba Ave. Destination will be on the left. |
| City | Opa-Locka |
| Buyer Agent Compensation | 2% |
| View Y/N | No |
| Senior Community Y/N | No |
| Zoning Description | RE |
| MLS Area | 21 |
| Private Pool | No |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Ali Baba Ave |
| Listing Terms | Cash,Conventional |
| Property Attached Y/N | No |
| Year Built Details | Resale |
| Land Lease Y/N | No |
| Tax Annual Amount | 13963.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Virtual Tour | https://www.propertypanorama.com/instaview/mia/A11533493 |
| Days on Market | 70 |
| Standard Status | Active |
| Occupancy Description | Tenant |
| Total Actual Rent | 129000.0 |
| Property Sub Type Additional | Quadruplex |
| MobileHomeRemainsYN | No |
| PostalCity | Opa-Locka |
| Legal Description | 22 52 41 MAGNOLIA SUB PB 40-80 LOTS 13 & 14 BLK 11 LOT SIZE 50.000 X 96 OR 20583-2563 0802 1 COC 22842-2788 11 2004 1 |
Interior Features
| Flooring | Laminate,Vinyl |
|---|---|
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Window Features | Blinds |
| Fireplace Y/N | No |
| Electric On Property Y/N | No |
Exterior Features
| Lot Features | Item14Acre |
|---|---|
| Water Source | Public |
| Total Parking | 4.0 |
| Spa | No |
| Lot Size Units | SquareFeet |
| Covered Spaces | 0.0 |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 33054
Price
Taxes
Visits
Year Built
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Data Last Updated: May 2, 2024 2:41 AM UTC
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