Basic Information

  • MLS # A11028588
  • Type Quadruplex
  • Status Closed
  • Subdivision/Complex ALI BABA VILLA
  • Year Built 1969
  • Total Sqft 6,720
  • Date Listed 04/16/2021
  • Days on Market 279
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.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Parking Description
  • Exterior Features Fence, Porch
  • Style Quadruplex

Interior Features

  • Adjusted Sqft 6,720Sq.Ft
  • Cooling Description Wall Window Units
  • Floor Description Terrazzo, Tile
  • Heating Description Wall Furnace
  • Sqft 6,720 Sq.Ft

Property Features

  • Address 435 Ali Baba Ave
  • Aprox. Lot Size 6,720
  • Construction Materials Block
  • Furnished Info no
  • Listing Terms Cash, Conventional
  • HOA Fees $0
  • Subdivision Complex
  • Subdivision Info ALI BABA VILLA
  • Tax Amount $4,875
  • Tax Legal desc 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
  • Tax Year 2020
  • Terms Considered Cash, Conventional
  • Type of Property Quadruplex

435 Ali Baba Ave

Opa-Locka, FL 33054

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