1761 Ali Baba Ave ,Attached, Quadruplex, Magnolia for Sale

1761 Ali Baba Ave for Sale

Price $1,300,000.00

• Lot size 3980
• Year Build 1959
• Waterfront
• Zip 33054
• Style Attached
• Parking Description
• Pool Yes
• Status Active With Contract

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 $130,500 yielding an approximate 8.33% CAP rate. Each unit has their separate water & electricity meter and the building was re-roofed in late 2021.

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 $130,500 yielding approx. a 8.33% CAP rate. See attached for additional information. Re-roofed in late 2021. Submit all offers to laura@lauraisyourrealtor.com & assistant@lauraisyourrealtor.com along with proof of funds.

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

Less Than 1/4 Acre Lot

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 $130,500 yielding an approximate 8.33% CAP rate. Each unit has their separate water & electricity meter and the building was re-roofed in late 2021.

City:Opa-Locka,Roof:1:Tar & Gravel Roof,Zoning:RE,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Latitude:25.9118944,Cooling Y N:1,Heating Y N:1,List Price:1300000,Listing Id:A11533493,Longitude:-80.2306282,Mls Status:Active With Contract,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:3980,Postal Code:33054,Street Name:Ali Baba Ave,Contingency:3rd Party Approval,Coordinates:1:25.9118944,Photos Count:10,Building Name:Magnolia,Days On Market:240,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:21,M L S Area Major:Magnolia,On Market Date:2024-02-14,Parcel Number:08-21-22-003-1890,Parking Total:4,Property Type:Residential Income,Rent Includes:1:Trash Collection,Stories Total:2,Street Number:1761,M I A M I R E_ Style:Fourplex,Public Remarks: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 $130,500 yielding an approximate 8.33% CAP rate. Each unit has their separate water & electricity meter and the building was re-roofed in late 2021.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,List Office Name:Green Lands Realty,Standard Status:Active Under Contract,Living Area Units:Square Feet,Major Change Type:Active Under Contract,Postal Code Plus4:2837,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:Magnolia,Tax Annual Amount:13963,Total Actual Rent:130500,Unparsed Address:1761 Ali Baba Ave, Opa-Locka FL 33054,Listing Agreement:Exclusive Right To Sell,Operating Expense:22198,Year Built Details:Resale,Building Area Units:Square Feet,Lot Size Dimensions:50x96,M I A M I R E_ L P Amt Sq Ft:326.6332,Original List Price:1300000,Public Survey Range:5241,Documents Available:1:Deposit - Last Months Rent,2:Deposit - Security,3:Copy Of Lease(S),4:Rent Rolls,5:Service Contracts,I D X Participation Y N:1,Net Operating Income:108302,Number Of Units Total:6,Syndication Remarks: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 $130,500 yielding an approximate 8.33% CAP rate. Each unit has their separate water & electricity meter and the building was re-roofed in late 2021.,Listing Contract Date:2024-02-14,Originating System I D:miamire,Public Survey Section:22,Showing Instructions:Appointment Only,See Broker Remarks,Showing Assist,Street Number Numeric:1761,Tax 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,Public Survey Township:5241,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Attention investors! 6 unit multifamily property on annual leases. Estimated GAR of $130,500 yielding an approximate 8.33% CAP rate.,Contract Status Change Date:2024-10-09,Internet Address Display Y N:1,Number Of Units In Community:4,Internet Consumer Comment Y N:1,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:326.63,Internet Automated Valuation Display Y N:1,