USD 1,599,000

465 Ali Baba Ave
Opa-locka, Florida 33054

Beds
Baths 0

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.

Listed by Future Option Realty LLC

Property Details

ID #
A11028558
Status
Sale
Type
Commercial, Industrial, Special Purpose
Zip Code
33054
Year Built
1969
Parking Spaces
18
Building Feature
Air Conditioning, Smoke alarms
Ground Feature
Fenced
Roof Material
Wood shingle roof
Water Source
City/mains water
Construction
Concrete Block Construction
Electric Service
110 Volts Power, 220 Volts Power
Floor
Ceramic Floor, Terrazzo Floors
Heating
Wall/Window Units
Lease Term
Month To Month Lease
Location
City Location, Corner Unit, In Residential Area
Occupancy
Tenant Occupied
Parking
Assigned Parking, Guest Parking
Road Frontage
City Road
Road Type
Divided, Three Lane
Type of Building
Apartments, Residential-Multi-Family
Utilities
Internet
Zoning Information
4400

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