Six-Unit Apartment
1761 Ali Baba Avenue, Opa Locka, FL 33054
For Sale
$1,100,000
Commercial Sale, Opa-Locka, FL
Property Size3,980 SF
Lot Size0.11 Acres
Price / SF$276.38
Days on Market94
Property Features for 1761 Ali Baba Avenue
General Information
Property type
Property subtype
Zoning
Parking
Security features
Fencing
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
VantaSure Realty LLC
(954) 461-5734
Listed By:
Desare A Kohn-Laski PA · License FL #3187020
(954) 529-9203
Added: Aug 13
Changed: Nov 11
Last Checked: Nov 14 at 12:06AM
MLS# B26063739
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,980-square-foot apartment property contains six two-bedroom, one-bathroom units arranged across two levels, with three residences upstairs and three downstairs. Built in 1958, the building features block and stucco construction, tile, laminate, and wood flooring, radiant heating, and window or wall/window cooling. Each unit has individual water and electric meters, while common-area electrical service is separately handled.
The property at 1761 Ali Baba Avenue in Opa-Locka occupies 0.11 acres and uses public water and public sewer. Improvements include a built-up roof replaced in late 2021, a fully updated electrical system with new meters and relocated panels, a wired exit sign, and eight connected security cameras. The city granted the building’s 40-year certification covering the structure, exterior, electrical system, roof, and overall conditions. A front fence with gate has also been added, and the interiors have been freshly painted.
The property at 1761 Ali Baba Avenue in Opa-Locka occupies 0.11 acres and uses public water and public sewer. Improvements include a built-up roof replaced in late 2021, a fully updated electrical system with new meters and relocated panels, a wired exit sign, and eight connected security cameras. The city granted the building’s 40-year certification covering the structure, exterior, electrical system, roof, and overall conditions. A front fence with gate has also been added, and the interiors have been freshly painted.
Key Highlights
- Six units, each with 2 bedrooms and 1 bathroom
- 3,980 SF apartment building on a 0.11‑acre lot
- Three upstairs units and three downstairs units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,524
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,470,480
$1.5M
Cap Rate 7%
$1,050,343
$1.1M
Cap Rate 9%
$816,933
$816.9K
Market Conditions
NOI Build-Up for 3,980 SF
Gross rent
$143.3K $36.00/SF
− Vacancy
−$9.6K −$2.41/SF
EGI
$133.7K $33.59/SF
− OpEx
−$60.2K −$15.11/SF
NOI
$73.5K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,470,480
Cap Rate 7%
$1,050,343
Cap Rate 9%
$816,933
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$919.1K – $1.23M
NOI $73,524 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.69M
$2.35M – $3.13M
NOI $188,057 @ 7.0% cap · market cap 17.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
Explore this area
Business Placement
Demographics for 33054, FL
30,352
Population
10,263
Households
3
Avg Household Size
37
Median Age
10%
College-Educated
75%
High-School Grad
8.4 sq mi
ZIP Area
3,613
Density / Sq Mi
$42,779
Median Household Income
$31,147
Median Earnings
$1,346
Median Rent
$291,700
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Miami-Dade County, FL
Properties on Market for Apartment buildings in Miami-Dade County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story multifamily property with separately metered utilities, recent electrical upgrades, and a 2021 roof replacement.
Where is this apartment building located?
The property is located at 1761 Ali Baba Avenue Opa Locka, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Six units, each with 2 bedrooms and 1 bathroom; 3,980 SF apartment building on a 0.11‑acre lot; Three upstairs units and three downstairs units
