Price Reduction
Address
465 Ali Baba Ave Opa-Locka, FL
Price
$ 1,740,000
Property Attributes
  • MLS#A11028558
  • TypeCommercial
  • CountyMIAMI-DADE
  • CityOpa-Locka
  • Area21
  • Zip33054
  • StyleMultiFamily
  • Year Built1969
  • Taxes$ 4908
  • Price$ 1,740,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.45 Acres
Listing Provided Courtesy Of:
Future Option Realty LLC
Data Source:
Southeast Florida MLS SEFMLS
Property 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.

Price History
4/16/2021 Listed $1,802,000
4/20/2021 1% - $1,800,000
5/6/2021 1% - $1,790,000
6/4/2021 3% - $1,740,000

General Features

Building Name 435-475 Ali Baba Ave
Cooling WallWindowUnits
Electric Item110Volts, Item220Volts
Flooring CeramicTile, Terrazzo
Heating WindowUnit, WallFurnace
Levels One
MLS Area 21
Ownership Corporation
Parking Features Assigned, Guest
Property SubType MultiFamily
Property Type CommercialSale
Roof Shingle
Sewer Other
Structure Type Apartment, MultiFamily
Terms Cash, Conventional
Total Units 12
Year Built Details Resale
Zoning Description 4400

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes

Exterior Features

Covered Spaces 0.0
Lot Size Area 19785.0
Lot Size Square Feet 19785.0
Lot Size Units SquareFeet
Number of Buildings 3
Road Frontage Type CityStreet
Total Parking 18.0
Water Source Public
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 33054

Price
AVG $1.69M
$1.74M
Taxes
AVG $10,313
$4,908
Visits
AVG 78
46
Year Built
AVG 1977
1969
Walkscore
AVG 49
55
Data Provided by Walkscore ® not using MLS data

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