1761 Ali Baba Ave #1-6 ,Commercial, Income Non-waterfront for Sale

1761 Ali Baba Ave #1-6 for Sale

Price $1,300,000.00

• Lot size 4800
• Year Build 1959
• Waterfront
• Zip 33054
• Style
• Parking Description Other, On Street
• 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

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,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:25.9118944,Cooling Y N:1,Heating Y N:1,List Price:1300000,Listing Id:A11533518,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.,Postal Code:33054,Street Name:Ali Baba Ave,Tenant Pays:1:Water,Unit Number:1-6,Contingency:3rd Party Approval,Coordinates:1:25.9118944,Gross Income:130500,Photos Count:10,Building Name:1761,Business Type:1:Residential-Multi-Family,Days On Market:240,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:21,On Market Date:2024-02-14,Other Expense:720,Parcel Number:08-21-22-003-1890,Parking Total:6,Property Type:Commercial Sale,Stories Total:2,Street Number:1761,Trash Expense:3657,Open Parking Y N:1,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.,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,New Taxes Expense:13963,Parking Features:1:On Street,Postal Code Plus4:2837,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:13963,Unparsed Address:1761 Ali Baba Ave # 6, Opa-Locka FL 33054,Insurance Expense:3858,Listing Agreement:Exclusive Right To Sell,Operating Expense:22198,Building Area Total:3980,Building Area Units:Square Feet,Lot Size Dimensions:50x96,Lot Size Square Feet:4800,Number Of Buildings:1,Original List Price:1300000,Public Survey Range:5241,I D X Participation Y N:1,Net Operating Income:108302,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,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:6,Internet Consumer Comment Y N:1,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,