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    FOR SALE
    Apartment buildings

    1761 Ali Baba Ave Opa-locka, FL 33054

    Built 1959
    Property ID
    US18-8801449
    1761 Ali Baba Ave, Opa-locka, FL 33054 For Sale 1 / 37
    $1,150,000
    1761 Ali Baba Ave, Opa-locka, FL 33054
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    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a six-unit apartment building located at 1761 Ali Baba Ave, Opa-locka, Florida, 33054, in Miami-Dade County. Built in 1959, this two-story building offers a compelling return on investment. The property boasts 100% occupancy with annual leases in place, generating an estimated gross annualized rent (GAR) of $130,500. This translates to an approximate 8.33% capitalization rate (CAP rate), making it an attractive proposition for income-seeking investors. Each of the six units features two bedrooms and one bathroom, providing comfortable living spaces for tenants. Individual water and electricity meters are installed in each unit, simplifying utility management and billing. Furthermore, the building underwent a significant improvement with a complete roof replacement in late 2021, ensuring long-term structural integrity and minimizing future maintenance costs. The property is priced at $1,300,000 and presents a rare chance to acquire a stable, income-producing multifamily asset in a desirable location. This is a turnkey investment ready for immediate cash flow. The property's strong performance and recent upgrades make it an ideal addition to any investment portfolio.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1959
    UPID US18-8801449
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
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