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$940,000
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Property Description
Attention investors! 6 unit multifamily property with 100% occupancy on annual leases. This income producing property has an estimated annualized gross rent of $101,100 yielding an approximate 8.32% CAP rate. Each unit has their separate water & electricity meter. The property has been updated, freshly painted and more.
Full Property Details
Full Property Details for 1777 Ali Baba Ave #1-6
General
- Sold For: $940,000
- Status: Closed
- Type: Commercial Multi-Family
- Source: Greater_Miami
- MLS ID: A11218402
- Added to Site: 1, 488 day(s) ago
Business
- Business Type: Commercial/Residential Income, Residential-Multi-Fa
Interior
- Flooring: Vinyl
Additional Information
- Security/Safety: Security Fence
Parking
- Total Spaces: 6
- Parking Features: Assigned, On Street
Location
- County: Miami-Dade County
- Building Name: 1777
- Driving Directions: Take Curtiss St and Langley Rd to NW 37th Ave/Officer Simmons Arrington Ave. Take NW 151st St to Ali Baba Ave. Turn left onto Ali Baba Ave. Destination will be on the left.
Community
- Units Assoc/Comm: 6
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Wall/Window Units
Utilities
- Sewer: Public Sanitation
- Water: Public
Structural Information
- # Buildings: 1
- Structure Type: Commercial
- Detached/Attached: Detached
- Construction: CBS Construction
- Roof: Tar & Gravel Roof
- Building Size: 3400
- Current Bldg. Use: Income Non-Waterfront
- Year Built: 1959
Unit Information
- Units in Complex: 6
Lot Features
- Lot Size (Sq. Ft.): 7,200
- Lot Dimensions: 75 x 96
- Potential Use: Investment
- Zoning: 100
Financial Considerations
- Operating Expenses: $17,964
- Terms: All Cash, Conventional/Refinance
- Tenant Pays: Electricity, Water
Disclosures and Reports
- Special Conditions: Sale
- Legal Description: 22 52 41 MAGNOLIA SUB PB 40-80 LOTS 15-16 & 17 BLK 11 LOT SIZE 75.000 X 96 75R-250164 OR 19229-1215 0700 1 COC 21930-0825 12 2003 1
- Property ID: 08-21-22-003-1910
Listed by Green Lands Realty
Sold by Intertrust Realty Corp.
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Schools
Schools serving 1777 Ali Baba Ave #1-6
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Rainbow Park Elementary School 15355 Nw 19th Ave, Opa-locka, FL 33054 | PK-5 | 0.2 mi |
North Dade Middle School 1840 Nw 157th St, Miami Gardens, FL 33054 | 6-8 | 0.3 mi |
Hialeah-Miami Lakes Senior High School 7977 West 12th Avenue, Hialeah, FL 33014 | 9-12 | 4.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1777 Ali Baba Ave #1-6
Date
Details
Price
Change
Source
7/20/2023
Sold
$940,000
-5.91%
MLS
6/07/2022
Listed
$999,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1777 Ali Baba Ave #1-6, Opa Locka, FL 33054 (MLS# A11218402) is a Commercial Multi-Family property that was sold at $940,000 on July 20, 2023. Want to learn more about 1777 Ali Baba Ave #1-6? Do you have questions about finding other Commercial Multi-Family real estate for sale in Opa Locka? You can browse all Opa Locka real estate or contact a Coldwell Banker agent to request more information.

