465 Ali Baba Ave,Other Building Type, Special Purpose, Apartments, Residential-Multi-Family

465 Ali Baba Ave, Opa-Locka, Florida, 33054

Price $1,599,000.00

  • Lot size 19785
  • Year Build 1969
  • Waterfront
  • Zip 33054
  • Style
  • Parking Description Assigned, Guest
  • Pool Yes
  • Status Active

Description

REDUCED!!!GREAT OPPORTUNITY TO OWN 3 BUILDINGS SIDE BY SIDE, STEADY RENTAL INCOME. CENTRALLY LOCATED IN FRONT OF THE OPA LOCKA TRI-RAIL STATION & WITHIN WALKING DISTANCE THE NEW AMAZON WAREHOUSE. SALE INCLUDES FOLIOS: 08-2121-014-0030; 08-2121-014-0040; 08-2121-014-0050. CURRENTLY OPERATING AS A TOTAL OF 12-1/1 UNITS, RECORDS HAVE BUILDING (435) AS 4 UNITS W/ 2/1 EACH, OTHER 2 BUILDINGS (465-475) HAVE 4 UNITS W/ 1/1'S EACH BUILDING. OCCUPANCY AT 100%. CURRENT CAP RATE AT 5.5%-6.5% W/ ROOM TO INCREASE AS RENTS AREN'T AT THEIR MAX RATE. WATER METER COULD BE SUBMETERED FOR TENANTS TO PAY THEIR WATER & INCREASE INCOME. 2 OF THE BUILDINGS HAVE NEW ROOFS INSTALLED 2 YEARS AGO. MUST UNITS HAVE REMODELED KITCHENS & TILE-TERRAZO FLOORS. OWNER PAYS FOR WATER/TRASH. PLEASE DO NOT DISTURB TENANTS.

PLEASE DO NOT DISTURB TENANTS. LONG TERM TENANTS. CALL AGENT FOR APPOINTMENT. QUALIFIED BUYERS.

ALI BABA VILLA PB 86-41 LOT 4 BLK 1 LOT SIZE IRREGULAR OR 20932-3109 0702 1 COC 23428-1928 05 2005 4

City Location, Corner Unit, In Residential Area

REDUCED!!!GREAT OPPORTUNITY TO OWN 3 BUILDINGS SIDE BY SIDE, STEADY RENTAL INCOME. CENTRALLY LOCATED IN FRONT OF THE OPA LOCKA TRI-RAIL STATION & WITHIN WALKING DISTANCE THE NEW AMAZON WAREHOUSE. SALE INCLUDES FOLIOS: 08-2121-014-0030; 08-2121-014-0040; 08-2121-014-0050. CURRENTLY OPERATING AS A TOTAL OF 12-1/1 UNITS, RECORDS HAVE BUILDING (435) AS 4 UNITS W/ 2/1 EACH, OTHER 2 BUILDINGS (465-475) HAVE 4 UNITS W/ 1/1'S EACH BUILDING. OCCUPANCY AT 100%. CURRENT CAP RATE AT 5.5%-6.5% W/ ROOM TO INCREASE AS RENTS AREN'T AT THEIR MAX RATE. WATER METER COULD BE SUBMETERED FOR TENANTS TO PAY THEIR WATER & INCREASE INCOME. 2 OF THE BUILDINGS HAVE NEW ROOFS INSTALLED 2 YEARS AGO. MUST UNITS HAVE REMODELED KITCHENS & TILE-TERRAZO FLOORS. OWNER PAYS FOR WATER/TRASH. PLEASE DO NOT DISTURB TENANTS.

City:Opa-Locka,Zoning:4400,List A O R:A-Miami Association of REALTORS,Stories:1,Electric:1:220 Volts,Flooring:1:Terrazzo,Latitude:25.9003958,Malone Id:2034725976,Cooling Y N:1,Heating Y N:1,Lease Term:Month To Month,List Price:1599000,Listing Id:A11028558,Longitude:-80.2539037,Mls Status:Active,Ownership:Corporation,Year Built:1969,Directions:FROM NW 135 ST, GO NORTH ON DOUGLAS RD/LE JEUNE CONNECTOR, THEN RIGHT ON ALI BABA AVE, PROPERTY WILL BE ON THE LEFT HAND SIDE.,Inclusions:Building & Land, Equipment,Postal Code:33054,Street Name:Ali Baba Ave,Tenant Pays:1:Electricity,Coordinates:1:25.9003958,Gross Income:127000,Lot Features:1:Corner Unit,2:In Residential Area,Photos Count:34,Building Name:435-475 Ali Baba Ave,Business Type:1:Residential-Multi-Family,Days On Market:152,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,On Market Date:2021-04-15,Parcel Number:08-21-21-014-0040,Parking Total:18,Property Type:Commercial Sale,Stories Total:1,Street Number:465,Public Remarks:REDUCED!!!GREAT OPPORTUNITY TO OWN 3 BUILDINGS SIDE BY SIDE, STEADY RENTAL INCOME. CENTRALLY LOCATED IN FRONT OF THE OPA LOCKA TRI-RAIL STATION & WITHIN WALKING DISTANCE THE NEW AMAZON WAREHOUSE. SALE INCLUDES FOLIOS: 08-2121-014-0030; 08-2121-014-0040; 08-2121-014-0050. CURRENTLY OPERATING AS A TOTAL OF 12-1/1 UNITS, RECORDS HAVE BUILDING (435) AS 4 UNITS W/ 2/1 EACH, OTHER 2 BUILDINGS (465-475) HAVE 4 UNITS W/ 1/1'S EACH BUILDING. OCCUPANCY AT 100%. CURRENT CAP RATE AT 5.5%-6.5% W/ ROOM TO INCREASE AS RENTS AREN'T AT THEIR MAX RATE. WATER METER COULD BE SUBMETERED FOR TENANTS TO PAY THEIR WATER & INCREASE INCOME. 2 OF THE BUILDINGS HAVE NEW ROOFS INSTALLED 2 YEARS AGO. MUST UNITS HAVE REMODELED KITCHENS & TILE-TERRAZO FLOORS. OWNER PAYS FOR WATER/TRASH. PLEASE DO NOT DISTURB TENANTS.,County Or Parish:Miami-Dade County,Expiration Date:2021-10-15,Private Remarks:PLEASE DO NOT DISTURB TENANTS. LONG TERM TENANTS. CALL AGENT FOR APPOINTMENT. QUALIFIED BUYERS.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Parking Features:1:Guest,Postal Code Plus4:3811,State Or Province:FL,Tax Annual Amount:4908,Unparsed Address:465 Ali Baba Ave, Opa-Locka FL 33054,Listing Agreement:Exclusive Right With Exception,Operating Expense:3000,Security Features:1:Security Fence,Year Built Details:Resale,Building Area Total:6720,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:19785,Number Of Buildings:3,Original List Price:1802000,Previous List Price:1600000,Public Survey Range:21,Documents Available:1:Rent Rolls,I D X Participation Y N:1,Net Operating Income:97000,Syndication Remarks:REDUCED!!!GREAT OPPORTUNITY TO OWN 3 BUILDINGS SIDE BY SIDE, STEADY RENTAL INCOME. CENTRALLY LOCATED IN FRONT OF THE OPA LOCKA TRI-RAIL STATION & WITHIN WALKING DISTANCE THE NEW AMAZON WAREHOUSE. SALE INCLUDES FOLIOS: 08-2121-014-0030; 08-2121-014-0040; 08-2121-014-0050. CURRENTLY OPERATING AS A TOTAL OF 12-1/1 UNITS, RECORDS HAVE BUILDING (435) AS 4 UNITS W/ 2/1 EACH, OTHER 2 BUILDINGS (465-475) HAVE 4 UNITS W/ 1/1'S EACH BUILDING. OCCUPANCY AT 100%. CURRENT CAP RATE AT 5.5%-6.5% W/ ROOM TO INCREASE AS RENTS AREN'T AT THEIR MAX RATE. WATER METER COULD BE SUBMETERED FOR TENANTS TO PAY THEIR WATER & INCREASE INCOME. 2 OF THE BUILDINGS HAVE NEW ROOFS INSTALLED 2 YEARS AGO. MUST UNITS HAVE REMODELED KITCHENS & TILE-TERRAZO FLOORS. OWNER PAYS FOR WATER/TRASH. PLEASE DO NOT DISTURB TENANTS.,Listing Contract Date:2021-04-15,Originating System I D:miamire,Public Survey Section:21,Showing Instructions:Call Listing Agent,Street Number Numeric:465,Tax Legal Description:ALI BABA VILLA PB 86-41 LOT 4 BLK 1 LOT SIZE IRREGULAR OR 20932-3109 0702 1 COC 23428-1928 05 2005 4,Electric On Property Y N:1,Public Survey Township:21,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2%,Contract Status Change Date:2021-04-15,Internet Address Display Y N:1,Number Of Units In Community:12,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,

  • Price $1,599,000.00
  • Price Change: 2021-09-08
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1969
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction Concrete Block Construction
  • Parking Description Assigned, Guest
  • Flooring Type Ceramic Floor, Terrazzo
  • Property Type Commercial Sale
  • Status Active
  • Listed 2021-09-08
  • Days on Market 162
  • Furnished
  • City Opa-Locka
  • Zip 33054
  • State Florida
  • Subdivision
  • Development Name 435-475 Ali Baba Ave
  • HOA Fees
  • Taxes 4908
  • Taxes Year