1240 Sesame St ,Unimproved Multi Family (5+units), Plat No 1 Opa Locka for Sale

1240 Sesame St for Sale

Price $1,150,000.00

• Lot size 11900
• Year Build
• Waterfront
• Zip 33054
• Style
• Parking Description
• Pool Yes
• Status Active

Description

1240 Sesame St is a 11,900 sf covered land opportunity, zoned for up to 10 apartment units, in the historic community of, Opa Locka, FL The property is priced at "Land-Value" as it is in disrepair and only partially occupied. There may be some Miami-Dade County as well as City of Opa Locka CRA grant funding available under their affordable/workforce housing and historic preservation programs. The property can be approached as a CRA-supported Historic Restoration OR a Covered-Land Opportunity where 10 to 12 new apartment units may be redeveloped under certain criteria to include a workforce component and honoring the historic Moorish-themed architecture. A 501C3 may be an appropriate ownership entity for access to grants.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11715642 Historic Restoration -OR- Covered Land Opportunity. Stabilized numbers should pencil-out at a solid 6% cap. City AND County Incentives and Grants may be available.

21 52 41 PL NO 1 OPA LOCKA PB 25-44 LOTS 9 & 10 BLK 13 LOT SIZE 11900 SQUARE FEET OR 21025-2618 0194 4

City Location, Urban Area Development, Less Than 1 Acre

1240 Sesame St is a 11,900 sf covered land opportunity, zoned for up to 10 apartment units, in the historic community of, Opa Locka, FL The property is priced at "Land-Value" as it is in disrepair and only partially occupied. There may be some Miami-Dade County as well as City of Opa Locka CRA grant funding available under their affordable/workforce housing and historic preservation programs. The property can be approached as a CRA-supported Historic Restoration OR a Covered-Land Opportunity where 10 to 12 new apartment units may be redeveloped under certain criteria to include a workforce component and honoring the historic Moorish-themed architecture. A 501C3 may be an appropriate ownership entity for access to grants.

City:Opa-Locka,Zoning:4400,List A O R:A-Miami Association of REALTORS,Tax Year:2024,Latitude:25.9060248,List Price:1150000,Listing Id:A11715642,Longitude:-80.246495,Mls Status:Active,Ownership:Sole Proprietor,Utilities:1:Sewer Connected,2:Water Connected,3:Cable Available,4:Electricity Available,5:Sewer Available,6:Water Available,Directions:Please enter the address 1240 Sesame St into your mapping app.,Postal Code:33054,Street Name:Sesame St,Coordinates:1:25.9060248,Gross Income:285000,Lot Features:1:Urban Area Development,2:Less Than 1 Acre,Photos Count:9,Building Name:PLAT NO 1 OPA LOCKA,Days On Market:8,Listing Terms:1:Conventional,Lot Size Acres:0.27,Lot Size Units:Square Feet,M I A M I R E_ Area:21,M L S Area Major:Plat No 1 Opa Locka,On Market Date:2024-12-30,Other Expense:6000,Parcel Number:08-21-21-002-2330,Property Type:Commercial Land,Street Number:1240,Public Remarks:1240 Sesame St is a 11,900 sf covered land opportunity, zoned for up to 10 apartment units, in the historic community of, Opa Locka, FL The property is priced at "Land-Value" as it is in disrepair and only partially occupied. There may be some Miami-Dade County as well as City of Opa Locka CRA grant funding available under their affordable/workforce housing and historic preservation programs. The property can be approached as a CRA-supported Historic Restoration OR a Covered-Land Opportunity where 10 to 12 new apartment units may be redeveloped under certain criteria to include a workforce component and honoring the historic Moorish-themed architecture. A 501C3 may be an appropriate ownership entity for access to grants.,County Or Parish:Miami-Dade County,Frontage Length:300,List Office Name:Ronald N Sadaka R.E Broker,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,New Taxes Expense:12952,Postal Code Plus4:3490,Property Sub Type:Income/MultiFamily,State Or Province:FL,Subdivision Name:PLAT NO 1 OPA LOCKA,Tax Annual Amount:12952,Unparsed Address:1240 Sesame St, Opa-Locka FL 33054,Listing Agreement:Exclusive Right To Sell,Operating Expense:120000,Building Area Units:Square Feet,Lot Size Dimensions:300x400,Lot Size Square Feet:11900,M I A M I R E_ L P Amt Sq Ft:96.6387,Original List Price:1150000,Public Survey Range:21,I D X Participation Y N:1,Net Operating Income:171000,Syndication Remarks:1240 Sesame St is a 11,900 sf covered land opportunity, zoned for up to 10 apartment units, in the historic community of, Opa Locka, FL The property is priced at "Land-Value" as it is in disrepair and only partially occupied. There may be some Miami-Dade County as well as City of Opa Locka CRA grant funding available under their affordable/workforce housing and historic preservation programs. The property can be approached as a CRA-supported Historic Restoration OR a Covered-Land Opportunity where 10 to 12 new apartment units may be redeveloped under certain criteria to include a workforce component and honoring the historic Moorish-themed architecture. A 501C3 may be an appropriate ownership entity for access to grants.,Listing Contract Date:2024-12-30,Originating System I D:miamire,Public Survey Section:21,Showing Instructions:Call Listing Agent,Showing Assist,Street Number Numeric:1240,Tax Legal Description:21 52 41 PL NO 1 OPA LOCKA PB 25-44 LOTS 9 & 10 BLK 13 LOT SIZE 11900 SQUARE FEET OR 21025-2618 0194 4,Gross Scheduled Income:300000,Public Survey Township:21,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Historic Restoration -OR- Covered Land Opportunity. Stabilized numbers should pencil at a solid 6% cap. City\County Incentives or Grants available.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-12-30,Internet Address Display Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),Internet Entire Listing Display Y N:1,