1761 Ali Baba Ave - Apartments FOR SALE


Opa-locka, FL 33054
$1,149,900 USD
954-495-0058
1761 Ali Baba Ave, Opa-locka, FL for Sale
$1,149,900 USD
Apartments - FOR SALE
1/49
null | Request Cap Rate

1761 Ali Baba Ave
Opa-locka, FL 33054


HIGHLIGHTS

  • All units are 2 bed/1 bath
  • Proforma CAP 6.57%
  • 40-yr recertification completed and passed
  • New roof in 2021
  • Separately metered utilities w/$100k invested into electrical
  • 5 onsite parking spaces

OVERVIEW

Multifamily property consisting of six 2 bed/1 bath apartments with 3 upstairs & 3 downstairs. 40-year recertification passed. Building was re-roofed in late 2021. The entire electrical system was recently changed (costing 100K). Each unit separately metered for water/electric plus dedicated common area panel. New exit sign wired/installed, 8 new cameras wired/installed/connected to Wi-Fi. New fence in front. Freshly painted and ready to go! 5/6 apartments are vacant and being listed one at a time for rent at $1600 each, 100% occupancy proforma yields 6.5%+ cap.

FOR SALE DETAILS

PRICE

$1,149,900 USD

PRICE/SF

$289 USD /SF

# OF UNITS

6

PRICE/UNIT

$191,650

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

R-1

APN/PARCEL ID

08-2122-003-1890

ASK ABOUT THIS PROPERTY

Rick StevensThe Keyes Company - Commercial Sales & LeasingMore Info
954-495-0058

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Rick StevensThe Keyes Company - Commercial Sales & LeasingMore Info
954-495-0058

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.