435 Ali Baba Ave,Attached, Quadruplex, Quadruplex, Fourplex, Ali Baba Villa

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

Price $1,599,000.00

  • Lot size 6720
  • Year Build 1969
  • Waterfront
  • Zip 33054
  • Style Attached
  • Parking Description
  • Pool Yes
  • Status Active

Description

REDUCED!!!GREAT INVESTMENT TO OWN 3 BUILDINGS SIDE BY SIDE FOR STEADY RENTAL INCOME. CENTRALLY LOCATED IN FRONT OF OPA LOCKA TRI-RAIL STATION & WITHIN WALKING DISTANCE TO 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 3 BLK 1 LOT SIZE 6595 SQUARE FEET OR 20707-0182 0902 1 COC 23428-2258 05 2005 4

1/2 To Less Than 3/4 Acre Lot

REDUCED!!!GREAT INVESTMENT TO OWN 3 BUILDINGS SIDE BY SIDE FOR STEADY RENTAL INCOME. CENTRALLY LOCATED IN FRONT OF OPA LOCKA TRI-RAIL STATION & WITHIN WALKING DISTANCE TO 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,Tax Year:2020,Flooring:1:Tile,Latitude:25.9002733,Malone Id:2034725962,Cooling Y N:1,Heating Y N:1,List Price:1599000,Listing Id:A11028588,Longitude:-80.2541215,Mls Status:Active,Year Built:1969,Living Area:6720,Postal Code:33054,Street Name:Ali Baba Ave,Coordinates:1:25.9002733,Photos Count:30,Building Name:ALI BABA VILLA,Days On Market:187,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M L S Area Major:Ali Baba Villa,On Market Date:2021-04-15,Parcel Number:08-21-21-014-0030,Parking Total:18,Property Type:Residential Income,Stories Total:1,Street Number:435,M I A M I R E_ Style:Fourplex,Public Remarks:REDUCED!!!GREAT INVESTMENT TO OWN 3 BUILDINGS SIDE BY SIDE FOR STEADY RENTAL INCOME. CENTRALLY LOCATED IN FRONT OF OPA LOCKA TRI-RAIL STATION & WITHIN WALKING DISTANCE TO 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.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2021-11-19,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,Postal Code Plus4:3812,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:ALI BABA VILLA,435-475 ALI BABA AVE,Tax Annual Amount:4875,Total Actual Rent:127000,Unparsed Address:435 Ali Baba Ave, Opa-Locka FL 33054,Listing Agreement:Exclusive Right With Exception,Operating Expense:30000,Year Built Details:Resale,Building Area Total:6720,Building Area Units:Square Feet,Lot Size Square Feet:6720,M I A M I R E_ L P Amt Sq Ft:237.9464,Original List Price:1802000,Previous List Price:1600000,Public Survey Range:21,I D X Participation Y N:1,Net Operating Income:97000,Number Of Units Total:12,Syndication Remarks:REDUCED!!!GREAT INVESTMENT TO OWN 3 BUILDINGS SIDE BY SIDE FOR STEADY RENTAL INCOME. CENTRALLY LOCATED IN FRONT OF OPA LOCKA TRI-RAIL STATION & WITHIN WALKING DISTANCE TO 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:435,Tax Legal Description:ALI BABA VILLA PB 86-41 LOT 3 BLK 1 LOT SIZE 6595 SQUARE FEET OR 20707-0182 0902 1 COC 23428-2258 05 2005 4,Public Survey Township:21,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2%,M I A M I R E_ Adjusted Area S F:6720,Contract Status Change Date:2021-04-15,Internet Address Display Y N:1,Number Of Units In Community:2,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:237.95,

  • 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 Attached
  • Construction Concrete Block Construction
  • Parking Description
  • Flooring Type Terrazzo, Tile
  • Property Type Residential Income
  • Status Active
  • Listed 2021-09-08
  • Days on Market 193
  • Furnished
  • City Opa-Locka
  • Zip 33054
  • State Florida
  • Subdivision ALI BABA VILLA,435-475 ALI BABA AVE
  • Development Name ALI BABA VILLA, ALI BABA VILLA,435-475 ALI BABA AVE, Ali Baba Villa
  • HOA Fees
  • Taxes 4875
  • Taxes Year 2020