435 Ali Baba Ave

Opa Locka, FL 33054

$1,740,000
Multi Family Townhouse

AGENTS

Douglas Elliman
Douglas Elliman

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.
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PROPERTY DETAILS

  • Interior
    6,720 Sq Ft.
  • Exterior
    .15 Acres
  • Property Type
    Multi Family Townhouse
  • MONTHLY REAL ESTATE TAX
    $406
  • ANNUAL REAL ESTATE TAX
    $4,875
  • Year Built
    1969
  • MLS/Listing ID
    A11028588

BUILDING/PROPERTY DETAILS

  • Air Conditioning
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Listing Courtesy of Future Option Realty LLC

LOCATION

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TRAVEL TIMEFROMOpa Locka
TYPE OF TRANSPORTATION