$1,500,000
$1,599,000
6.2%For more information regarding the value of a property, please contact us for a free consultation.
435 Ali Baba Ave Opa-locka, FL 33054
6,720 SqFt
Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 6,720 sqft
Price per Sqft $223
Subdivision Ali Baba Villa
MLS Listing ID A11028588
Sold Date 01/20/22
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1969
Annual Tax Amount $4,875
Tax Year 2020
Contingent 3rd Party Approval
Property 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.
Location
State FL
County Miami-dade County
Community Ali Baba Villa
Area 21
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Terrazzo, Tile
Window Features Casement Window(s)
Exterior
Exterior Feature Fence, Porch
Pool None
Community Features Laundry Facilities
Utilities Available Cable Available
Waterfront No
Roof Type Shingle
Porch Open, Porch
Total Parking Spaces 18
Building
Story 1
Sewer Public Sewer
Water Public
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 08-21-21-014-0030
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Other,See Remarks
Special Listing Condition Corporate Listing, Listed As-Is
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Bought with Boca Home Realty Inc