Costantini VIP Realty

Serving the Miami-Dade, Broward and Palm Beach Counties

 

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.

Features
: Window/wall
: Wall/window Unit(s)
: Fence
: Open Porch
: 18
: Laundry Facility
: Tile, Terrazzo
: 1/2 To Less Than 3/4 Acre Lot
: Shingle
: Public Sewer
Address Details
FL
Miami-Dade County
Opa-Locka
33054
435 Ali Baba Ave
ALI BABA VILLA
0
Other
: Attached
: Concrete Block Construction
234
: Conventional, Cash
12
: Water
1
1
: Quadruplex, Fourplex
$4,875
2020
: Municipal Water
4400

Residential Income For Sale

ALI BABA VILLA

435 Ali Baba Ave, Opa-Locka, Florida 33054

6,720 Sqft
$1,599,000
Listing ID #A11028588
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : A11028588
Price : $1,599,000
Square Footage : 6,720 Sqft
Year Built : 1969
Lot Area : 6,720 Sqft
Building Area : 6,720 Sqft
Status : Active
Property SubType : Quadruplex
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