Renovated Two-Unit
2005 Ali Baba Avenue Opa Locka, FL 33054
For Sale
$559,000
Updated duplex with two renovated 2-bedroom, 1-bath units, each with separate electric and water meters.
Property Size1,200 SF
Price / SF$465.83
Days on Market115
Property Features for 2005 Ali Baba Avenue
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1959
Listing Agency:
Direct Realty Solutions
(305) 418-9500
Listed By:
Fernanda Ibarra · License #3132718
(305) 418-9500
Source:
Compass
Added: Apr 1
Changed: Jul 23
Last Checked: Jul 23 at 4:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Direct Realty Solutions
Investment Insights
Based on property information with market context.
This updated duplex features two separate residential units, each offering 2 bedrooms and 1 bathroom. Both units have been completely renovated, designed to reduce maintenance needs. The home also includes independent utilities: each unit has its own separate electrical and water meter, which supports tenant-paid utility setups.
The property is located at 2005 Ali Baba Avenue in Opa-Locka, FL 33054. Both units are currently rented, providing immediate occupancy as part of the sale.
With a clean two-unit configuration and separately metered services for each unit, this duplex may be well-suited for an investor seeking a turnkey, income-producing property that is ready to operate with minimal immediate updates.
The property is located at 2005 Ali Baba Avenue in Opa-Locka, FL 33054. Both units are currently rented, providing immediate occupancy as part of the sale.
With a clean two-unit configuration and separately metered services for each unit, this duplex may be well-suited for an investor seeking a turnkey, income-producing property that is ready to operate with minimal immediate updates.
Key Highlights
- Updated duplex built in 1959 with two 2‑bedroom, 1‑bath units
- Both units are completely renovated
- Each unit has its own separate electric and water meter
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 | $36.7k | $30.60 |
| − Vacancy | −$2.3k | −$1.95 |
| EGI | $34.4k | $28.65 |
| − OpEx | −$10.3k | −$8.60 |
| NOI | $24.1k | $20.06 |
1,200 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$343.8K
$300.8K – $401.1K
NOI $24,067 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$316.7K
$277.1K – $369.5K
NOI $22,168 @ 7.0% cap · market cap 3.97%
Theoretical Best
Specialty Retail
$810.0K
$708.8K – $945.0K
NOI $56,701 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fantasy Trips
Travel Agency
FAQs
What type of property is this?
Duplex - Updated duplex with two renovated 2-bedroom, 1-bath units, each with separate electric and water meters.
Where is this duplex located?
The property is located at 2005 Ali Baba Avenue Opa Locka, FL.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Updated duplex built in 1959 with two 2‑bedroom, 1‑bath units; Both units are completely renovated; Each unit has its own separate electric and water meter
