1777 Ali Baba Ave ,Attached, Quadruplex, Magnolia for Sale

1777 Ali Baba Ave for Sale

Price $999,000.00

• Lot size 3400
• Year Build 1959
• Waterfront
• Zip 33054
• Style Attached
• Parking Description
• Pool Yes
• Status Active

Description

Attention investors! 6 unit multifamily property with 100% occupancy on annual leases. This income producing property has an estimated annualized gross rent of $99,900 yielding an approximate 8.20% CAP rate. Each unit has their separate water & electricity meter. The property has been updated, freshly painted and more.

Tenant occupied. Drive by the location and if your client is interested, please forward us a LOI so that a showing may be scheduled. 72 hrs notice required. Tenants pay for their own utility. Estimated GAR of $99,900 yielding approx. a 8.20% CAP rate. See attached for additional information. Submit all offers to laura@lauraisyourrealtor.com & assistant@lauraisyourrealtor.com along with proof of funds.

22 52 41 MAGNOLIA SUB PB 40-80 LOTS 15-16 & 17 BLK 11 LOT SIZE 75.000 X 96 75R-250164 OR 19229-1215 0700 1 COC 21930-0825 12 2003 1

Less Than 1/4 Acre Lot

Attention investors! 6 unit multifamily property with 100% occupancy on annual leases. This income producing property has an estimated annualized gross rent of $99,900 yielding an approximate 8.20% CAP rate. Each unit has their separate water & electricity meter. The property has been updated, freshly painted and more.

City:Opa-Locka,Roof:1:Tar & Gravel Roof,Zoning:0100,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2022,Latitude:25.9117904,Cooling Y N:1,Heating Y N:1,List Price:999000,Listing Id:A11265409,Longitude:-80.2307807,Mls Status:Active,Year Built:1959,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.,Living Area:3400,Postal Code:33054,Street Name:Ali Baba Ave,Coordinates:1:25.9117904,Photos Count:15,Building Name:Magnolia,Days On Market:132,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M L S Area Major:Magnolia,On Market Date:2022-08-30,Parcel Number:08-21-22-003-1910,Parking Total:6,Property Type:Residential Income,Rent Includes:1:Trash Collection,Stories Total:1,Street Number:1777,M I A M I R E_ Style:Fourplex,Public Remarks:Attention investors! 6 unit multifamily property with 100% occupancy on annual leases. This income producing property has an estimated annualized gross rent of $99,900 yielding an approximate 8.20% CAP rate. Each unit has their separate water & electricity meter. The property has been updated, freshly painted and more.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2023-12-31,List Office Name:Green Lands Realty,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:2891,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:Magnolia,Tax Annual Amount:11890,Total Actual Rent:99900,Unparsed Address:1777 Ali Baba Ave, Opa-Locka FL 33054,Listing Agreement:Exclusive Right To Sell,Operating Expense:17964,Year Built Details:Resale,Building Area Units:Square Feet,Lot Size Dimensions:75x96,M I A M I R E_ L P Amt Sq Ft:293.8235,Original List Price:1190000,Previous List Price:1090000,Public Survey Range:21,Documents Available:1:Deposit - Last Months Rent,2:Deposit - Security,3:Financial Statement,4:Other Available Information,5:Rent Rolls,6:Service Contracts,I D X Participation Y N:1,Net Operating Income:81935,Number Of Units Total:6,Syndication Remarks:Attention investors! 6 unit multifamily property with 100% occupancy on annual leases. This income producing property has an estimated annualized gross rent of $99,900 yielding an approximate 8.20% CAP rate. Each unit has their separate water & electricity meter. The property has been updated, freshly painted and more.,Listing Contract Date:2022-08-30,Originating System I D:miamire,Public Survey Section:22,Showing Instructions:Appointment Only,See Broker Remarks,Showing Assist,Street Number Numeric:1777,Tax Legal Description:22 52 41 MAGNOLIA SUB PB 40-80 LOTS 15-16 & 17 BLK 11 LOT SIZE 75.000 X 96 75R-250164 OR 19229-1215 0700 1 COC 21930-0825 12 2003 1,Public Survey Township:21,Originating System Name:Miami Association of REALTORS?,Contract Status Change Date:2022-08-30,Internet Address Display Y N:1,Number Of Units In Community:3,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:293.82,Internet Automated Valuation Display Y N:1,