1940 Ali Baba Ave, Opa Locka, FL 33054
- Added:
- Jul 6, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 8 at 6:06 am
Property Features for 1940 Ali Baba Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 10
- Rooms
- Bedroom 6, Bathroom 3, Bedroom 5, Bedroom 8, Bathroom 2, Bedroom 10, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 9, Bathroom 5, Bathroom 4, Bedroom 4, Bedroom 3, Bedroom 7
- Parking
- 5
- Standard status
- Active
- APN
- 08-21-22-003-2270
- Size
- 2,815 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- MAGNOLIA SUB PB 40-80 LOT 7 BLK 13 LOT SIZE 25.000 X 125 COC 22340-3965 22525-0341 0504 1 COC 25224-1102 12 2006 1
- Tax Annual Amount
- 12352
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
Building Details
- Year built
- 1944
- Floors in Building
- 1
- Flooring type
- Tile
- Building materials
- Block
- Architectural style
- Other
Listing agent Cristian Chavez License #3352712 (786) 490-6519
Listing office Keller Williams Capital Realty 550 Biltmore Way PH2, Coral Gables, FL (305) 662-7325
Listing date Jul 6, 2026
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Block construction building built in 1944
- Tile flooring throughout
- Heating: wall furnace; cooling includes wall/window and window unit(s)
- Public sewer connection
- Income mix: three 2 bed/1 bath units, one 1 bed/1 bath unit, and one single family 3 bed/1 bath
- Tenants are month‑to‑month; units are currently rented under market value, and both properties must be sold together as they share lot/parking
Overview
The units and the single-family structure share the same lot and parking, and the property components must be sold together. The offering is also part of a larger portfolio of 11 total units for sale, including two multi-families and one single family, and the seller is open to selling the portfolio together or separately.
For buyers looking for a manageable income profile with flexible tenant terms, the mix of unit sizes can support multiple household types within one shared site. The requirement that the units be sold together helps preserve the current combined configuration and shared parking arrangement at the property level. The seller’s portfolio flexibility may also appeal to investors evaluating a broader multi-property strategy.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.1k | $30.60 |
| − Vacancy | −$5.5k | −$1.95 |
| EGI | $80.7k | $28.65 |
| − OpEx | −$24.2k | −$8.60 |
| NOI | $56.5k | $20.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Opa Locka
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.232448
- Latitude
- 25.910406
