1240 Sesame St ,Other, Quadruplex, Plat No 1 Opa Locka for Sale

1240 Sesame St for Sale

Price $1,150,000.00

• Lot size 3514
• Year Build 1926
• Waterfront
• Zip 33054
• Style Other
• Parking Description
• Pool Yes
• Status Active

Description

1240 Sesame St is comprised of four 2 bed/1 bath, frame/stucco apartment units built in 1926, on a 11,900 sf lot, in the historic community of, Opa Locka, FL The property is priced at "Land-Value" as it is in disrepair and not fully occupied. There may be some Miami-Dade County as well as City of Opa Locka CRA grant funding available under their affordable/workforce housing and historic preservation programs. The property can be approached as a CRA-supported Historic Restoration OR a Covered-Land Opportunity where 10 to 12 new apartment units may be redeveloped under certain criteria to include a workforce component and honoring the historic Moorish-themed architecture. A 501C3 may be an appropriate ownership entity for access to grants.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11715881 Covered Land Opportunity in an Opportunity Zone with CRA benefits. Redev should pencil-out at a solid 6% cap and even better with city/county incentives

21 52 41 PL NO 1 OPA LOCKA PB 25-44 LOTS 9 & 10 BLK 13 LOT SIZE 11900 SQUARE FEET OR 21025-2618 0194 4

1/4 To Less Than 1/2 Acre Lot

1240 Sesame St is comprised of four 2 bed/1 bath, frame/stucco apartment units built in 1926, on a 11,900 sf lot, in the historic community of, Opa Locka, FL The property is priced at "Land-Value" as it is in disrepair and not fully occupied. There may be some Miami-Dade County as well as City of Opa Locka CRA grant funding available under their affordable/workforce housing and historic preservation programs. The property can be approached as a CRA-supported Historic Restoration OR a Covered-Land Opportunity where 10 to 12 new apartment units may be redeveloped under certain criteria to include a workforce component and honoring the historic Moorish-themed architecture. A 501C3 may be an appropriate ownership entity for access to grants.

City:Opa-Locka,Zoning:4400,Heating:1:Window/Wall,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2024,Latitude:25.9060248,Cooling Y N:1,Heating Y N:1,List Price:1150000,Listing Id:A11715881,Longitude:-80.246495,Mls Status:Active,Year Built:1926,Living Area:3514,Postal Code:33054,Street Name:Sesame St,Coordinates:1:25.9060248,Photos Count:8,Building Name:PLAT NO 1 OPA LOCKA,Days On Market:7,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:21,M L S Area Major:Plat No 1 Opa Locka,On Market Date:2024-12-31,Parcel Number:08-21-21-002-2330,Parking Total:8,Property Type:Residential Income,Rent Includes:1:Gardener,2:Sewer,3:Trash Collection,Stories Total:2,Street Number:1240,M I A M I R E_ Style:Fourplex,Public Remarks:1240 Sesame St is comprised of four 2 bed/1 bath, frame/stucco apartment units built in 1926, on a 11,900 sf lot, in the historic community of, Opa Locka, FL The property is priced at "Land-Value" as it is in disrepair and not fully occupied. There may be some Miami-Dade County as well as City of Opa Locka CRA grant funding available under their affordable/workforce housing and historic preservation programs. The property can be approached as a CRA-supported Historic Restoration OR a Covered-Land Opportunity where 10 to 12 new apartment units may be redeveloped under certain criteria to include a workforce component and honoring the historic Moorish-themed architecture. A 501C3 may be an appropriate ownership entity for access to grants.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,List Office Name:Ronald N Sadaka R.E Broker,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:3490,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:PLAT NO 1 OPA LOCKA,Tax Annual Amount:12952,Unparsed Address:1240 Sesame St, Opa-Locka FL 33054,Listing Agreement:Exclusive Right To Sell,Year Built Details:Effective Year Built,Building Area Total:3514,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:327.2624,Original List Price:1150000,Public Survey Range:21,Building Area Source:Owner,I D X Participation Y N:1,Number Of Units Total:4,Syndication Remarks:1240 Sesame St is comprised of four 2 bed/1 bath, frame/stucco apartment units built in 1926, on a 11,900 sf lot, in the historic community of, Opa Locka, FL The property is priced at "Land-Value" as it is in disrepair and not fully occupied. There may be some Miami-Dade County as well as City of Opa Locka CRA grant funding available under their affordable/workforce housing and historic preservation programs. The property can be approached as a CRA-supported Historic Restoration OR a Covered-Land Opportunity where 10 to 12 new apartment units may be redeveloped under certain criteria to include a workforce component and honoring the historic Moorish-themed architecture. A 501C3 may be an appropriate ownership entity for access to grants.,Listing Contract Date:2024-12-31,Originating System I D:miamire,Public Survey Section:21,Showing Instructions:Call Listing Agent,Street Number Numeric:1240,Tax Legal Description:21 52 41 PL NO 1 OPA LOCKA PB 25-44 LOTS 9 & 10 BLK 13 LOT SIZE 11900 SQUARE FEET OR 21025-2618 0194 4,Public Survey Township:21,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:3264,M I A M I R E_ Internet Remarks:Four 2 bed/1 bath, frame/stucco apartment units built in 1926, on a 11,900 sf lot, in the historic community of, Opa Locka. Priced at "Land-Value".,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-12-31,Internet Address Display Y N:1,Number Of Units In Community:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),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:327.26,