1940 Ali Baba Ave ,Detached, Quadruplex, Magnolia Sub for Sale

1940 Ali Baba Ave for Sale

Price $850,000.00

• Lot size 2815
• Year Build 1944
• Waterfront
• Zip 33054
• Style Detached
• Parking Description
• Pool Yes
• Status Active

Description

Great value add investment opportunity! Units are currently rented under market value. Three units are 2 bed/1 bath, one unit is 1 bed/1 bath and the single family is 3 bed/1 bath. Both must be sold together as they share the lot/parking. Great potential to increase the rent for a significantly higher monthly income. All tenants are month to month. This is a part of a portfolio of 17 total units for sale that includes three multi-families and two single families. Total price for portfolio is: $2,950,000. Seller is open to selling them all together or separately.

Please contact listing agents for any questions. Must place an offer or LOI before showing. Rent roll is attached to the listing. Total package includes the following MLS A11772004, A11771961 and 1968 Lincoln Ave (not listed at the moment). Thank you!

MAGNOLIA SUB PB 40-80 LOT 7 BLK 13 LOT SIZE 25.000 X 125 COC 22340-3965 22525-0341 0504 1 COC 25224-1102 12 2006 1

Less Than 1/4 Acre Lot

Great value add investment opportunity! Units are currently rented under market value. Three units are 2 bed/1 bath, one unit is 1 bed/1 bath and the single family is 3 bed/1 bath. Both must be sold together as they share the lot/parking. Great potential to increase the rent for a significantly higher monthly income. All tenants are month to month. This is a part of a portfolio of 17 total units for sale that includes three multi-families and two single families. Total price for portfolio is: $2,950,000. Seller is open to selling them all together or separately.

City:Opa-Locka,Zoning:6800,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2024,Latitude:25.9103812,Cooling Y N:1,Heating Y N:1,List Price:850000,Listing Id:A11772033,Longitude:-80.2324254,Mls Status:Active,Year Built:1944,Living Area:2815,Postal Code:33054,Street Name:Ali Baba Ave,Coordinates:1:25.9103812,Photos Count:25,Building Name:MAGNOLIA SUB,Days On Market:28,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:21,M L S Area Major:Magnolia Sub,On Market Date:2025-03-28,Parcel Number:08-21-22-003-2270,Parking Total:5,Property Type:Residential Income,Stories Total:1,Street Number:1940,M I A M I R E_ Style:Fourplex,Public Remarks:Great value add investment opportunity! Units are currently rented under market value. Three units are 2 bed/1 bath, one unit is 1 bed/1 bath and the single family is 3 bed/1 bath. Both must be sold together as they share the lot/parking. Great potential to increase the rent for a significantly higher monthly income. All tenants are month to month. This is a part of a portfolio of 17 total units for sale that includes three multi-families and two single families. Total price for portfolio is: $2,950,000. Seller is open to selling them all together or separately.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,List Office Name:Keller Williams Capital Realty,Private Remarks:Please contact listing agents for any questions. Must place an offer or LOI before showing. Rent roll is attached to the listing. Total package includes the following MLS A11772004, A11771961 and 1968 Lincoln Ave (not listed at the moment). Thank you!,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2887,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:MAGNOLIA SUB,Tax Annual Amount:12352,Unparsed Address:1940 Ali Baba Ave, Opa-Locka FL 33054,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:2815,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:301.9538,Original List Price:850000,Public Survey Range:21,I D X Participation Y N:1,Number Of Units Total:5,Syndication Remarks:Great value add investment opportunity! Units are currently rented under market value. Three units are 2 bed/1 bath, one unit is 1 bed/1 bath and the single family is 3 bed/1 bath. Both must be sold together as they share the lot/parking. Great potential to increase the rent for a significantly higher monthly income. All tenants are month to month. This is a part of a portfolio of 17 total units for sale that includes three multi-families and two single families. Total price for portfolio is: $2,950,000. Seller is open to selling them all together or separately.,Listing Contract Date:2025-03-28,Originating System I D:miamire,Public Survey Section:22,Showing Instructions:Call Listing Agent,Street Number Numeric:1940,Tax Legal Description:MAGNOLIA SUB PB 40-80 LOT 7 BLK 13 LOT SIZE 25.000 X 125 COC 22340-3965 22525-0341 0504 1 COC 25224-1102 12 2006 1,Public Survey Township:21,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:2725,M I A M I R E_ Internet Remarks:Great value add investment opportunity! Units are currently rented under market value.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2025-03-28,Internet Address Display Y N:1,Number Of Units In Community:3,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,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:301.95,Internet Automated Valuation Display Y N:1,