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    465 Ali Baba Ave

    Opa-Locka, FL 33054
    • $1,790,000
    • STATUS: Active
    • ON SITE: 21 days
    • ID#: A11028558
    Price Reduced
    UPDATED: 13 min ago
    $1,790,000
    • 0
      BEDS
    • 0.45
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1969
    County:

    School Ratings & Info

    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.

    Monthly Payment Calculator



    Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2021-05-07T21:42:29.363.
    www.daltonwadesouthflorida.com/homes/116172114
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    465 Ali Baba Ave Opa-Locka, FL 33054

    • Price: $1,790,000
    • Status: Active
    • Updated: 13 min ago
    • ID#: A11028558
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.45
    Acres
    1969
    Built
    County:
    Miami-Dade
    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.
    Exterior Features

    Construction Materials Concrete Block Construction Inclusions Building & LandEquipment Lot Features City LocationCorner UnitIn Residential Area Parking Features AssignedGuest Parking Total 18 Pool Private YN No Road Frontage Type City Street Roof Shingle View YN No Waterfront YN No

    Interior Features

    Building Area Total 6720 Cooling Wall/Window Unit(S) Flooring Ceramic FloorTerrazzo Heating Wall/Window Units Stories Total 1

    Property Features

    Association YN No Building Name 435-475 Ali Baba Ave Business Type ApartmentsResidential-Multi-Family Cooling YN Yes Documents Available Books & RecordsRent Rolls Electric 110 Volts Power220 Volts Heating YN Yes Horse YN No Internet Address Display YN Yes Internet Automated Valuation Display YN No Internet Entire Listing Display YN Yes Land Lease YN No Lease Considered YN Yes Lease Term Month To Month Listing Terms CashConventional/Refinance New Construction YN No Ownership Corporation Public Survey Section 21 Security Features Smoke Detector(S)Security Fence Senior Community YN No Sewer Other Special Listing Conditions Sale Structure Type Other Building Type Tax Annual Amount 4908 Tenant Pays Exterior ElectricElectricity Water Source Public Year Built Details Resale Zoning 4400

    Listing courtesy of Future Option Realty Llc.


    Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2021-05-07T21:42:29.363.
     
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