Home » Opa-Locka » 1761 Ali Baba Ave 1-6, Opa-Locka, FL 33054 | A11533518

Multi Family For Sale 1761 Ali Baba Ave 1-6, Opa-Locka, FL 33054

$1,300,000
closed for a price of $1,075,000

Property Highlights

Listing ID A11533518 Status of this Listing: Closed Sold Property Type Commercial Sale Multi Family Building Area 3,980 Sqft/369.75 m2 approx. Lot area 4,800 Sqft/445.93 m2 approx. Year Built 1959 Time of this property from published date until Closing Date 300 Days

1761 Ali Baba Ave 1-6, Opa-Locka, FL 33054

Property Description: Attention investors! 6 unit multifamily property with 100% occupancy on annual leases consisting of 2 bedrooms with 1 bathroom each. This income producing property has an estimated gross annualized rent (GAR) of $130,500 yielding an approximate 8.33% CAP rate. Each unit has their separate water & electricity meter and the building was re-roofed in late 2021.

Commercial Sale Multi Family Sold located at 1761 Ali Baba Ave 1-6 Opa-Locka FL 33054 in Miami-Dade referenced as ID MLS # A11533518. Find below more comprehensive details about this property. Get in touch with Rebonus, Realtors to arrange a personal viewing or a live video tour, or to submit an offer. If you are a property owner interested in selling a similar property, contact us and receive a free comparative market analysis. We also provide online video calls and meetings.

Useful Info

Contingency:3rd Party Approval
Original List Price:$1,300,000
Close Price:$1,075,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Number of Buildings:1
Number of Units Total:6
Levels:Two
Construction Materials:
  • Block
Flooring:
  • Vinyl
  • Laminate
Structure Type:
  • Multi Family
Stories:2
Road Frontage Type:
  • County Road
Possible Use:
  • Investment

Property Features

Waterfront:No
Security:
  • Fenced
Roof:
  • Tar/gravel
Air Conditioning:Yes
Air Conditioning System:
  • Wall/window Unit(s)
Heating:Yes
Heating System:
  • Wall Furnace
  • Window Unit

Taxes and Expenses

Tax Annual Amount:$13,963

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Insurance Expense:$3,858

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Tenant
Buyer Possession:
  • Closing & Funding
Buyer Financing:
  • Conventional
Tenant Pays:
  • Electricity
  • Water
Lease Considered:No

Community

Building Name:1761
Senior Community:No

Parking

Parking Total Spaces:6
Covered Spaces:0
Parking Features:
  • Other
  • On Street

Utilities

Number of Separate Electric Meters:6
Sewer:
  • Public Sewer
Water Source:
  • Public

More Details

Other Information:
Property Description6 unit multifamily property
Flood ZoneX
FEMA Flood Zone DesignationsX
Municipal Code8
Ref1061218074
Subdivision Number3
Buyer Country of ResidenceUSA
Buy StateFlorida

Zoning and Legal

Tax Legal Description:22 52 41 MAGNOLIA SUB PB 40-80 LOTS 13 & 14 BLK 11 LOT SIZE 50.000 X 96 OR 20583-2563 0802 1 COC 22842-2788 11 2004 1
Real Estate Folio Number (Parcel Number):08-21-22-003-1890
Public Survey Township:8
Public Survey Range:5241
Public Survey Section:22

Listing History

Update/EventDate/Days
Published Date:February 14, 2024 3:25 pm
On Market Date:February 14, 2024
Close Date:December 10, 2024
Price Change Date Time:February 14, 2024 3:01 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:December 10, 2024 5:12 pm
Status Last Changed:December 10, 2024 5:12 pm
Photos Last Modified:February 14, 2024 8:36 pm
Last Modified:December 10, 2024 10:13 pm
Days on the Market Reference Date:December 10, 2024
Days on the Market (updated on Last Modified*):238
Cumulative Days on the Market (updated on Last Modified**):238

Additional Information

Number of Photos:10
Location:,,
Included:,,
Area:21
Automated Valuation Display:Yes
Courtesy of:Green Lands Realty
Universal Property Id:US-12025-N-0821220031890-R-N

Location

Show Property Address:Yes
Street Name:Ali Baba Ave
Street Number:1761
Street Address:1761 Ali Baba Ave 1-6
Unit Number:1-6
City : Opa-Locka
State : Florida
Zip Code : 33054
County : Miami-Dade
Full Address:1761 Ali Baba Ave 1-6, Opa-Locka, FL 33054
Latitude:N25° 54' 42.8''
Longitude:W81° 46' 9.7''

Neighborhood

Postal City:Opa-locka

Property Map