2070 Ali Baba Ave ,Unimproved Multi Family (5+units), Magnolia Sub for Sale

2070 Ali Baba Ave for Sale

Price $1,440,000.00

• Lot size 9375
• Year Build
• Waterfront
• Zip 33054
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Incredible Investment Opportunity ? Thriving Opa-Locka Neighborhood This Multifamily property offers a prime opportunity in the rapidly growing Opa-Locka area, benefiting from significant demographic improvements driven by migration from Hialeah and surrounding neighborhoods. - Unit Mix: - 6 units: 2-bedroom, 1-bath - 2 units: 1-bedroom, 1-bath - Additional Features: - On-site laundry room - Renovated and well-maintained units - Recent sales in the area have reached $180K per door - Positioned at an attractive 9% Proforma Cap Rate This property combines strong rental income potential with the promise of continued appreciation in a thriving market.

22 52 41 MAGNOLIA SUB PB 40-80 LOTS 28-29 & 30 BLK 12 LOT SIZE 75.000 X 125 OR 19252-0817 0800 1 COC 24084-1986 12 2005 1

City Location, Less Than 1 Acre

Incredible Investment Opportunity ? Thriving Opa-Locka Neighborhood This Multifamily property offers a prime opportunity in the rapidly growing Opa-Locka area, benefiting from significant demographic improvements driven by migration from Hialeah and surrounding neighborhoods. - Unit Mix: - 6 units: 2-bedroom, 1-bath - 2 units: 1-bedroom, 1-bath - Additional Features: - On-site laundry room - Renovated and well-maintained units - Recent sales in the area have reached $180K per door - Positioned at an attractive 9% Proforma Cap Rate This property combines strong rental income potential with the promise of continued appreciation in a thriving market.

City:Opa-Locka,Zoning:6300,List A O R:A-Miami Association of REALTORS,Tax Year:2024,Latitude:25.9096872,List Price:1440000,Listing Id:A11719297,Longitude:-80.2337738,Mls Status:Active,Utilities:1:Underground Utilities,2:Water Connected,3:Cable Available,4:Electricity Available,5:Other,Postal Code:33054,Street Name:Ali Baba Ave,Coordinates:1:25.9096872,Lot Features:1:Less Than 1 Acre,Photos Count:21,Building Name:MAGNOLIA SUB,Listing Terms:1:Conventional,Lot Size Acres:0.215,Lot Size Units:Square Feet,M I A M I R E_ Area:31,M L S Area Major:Magnolia Sub,On Market Date:2025-01-07,Parcel Number:08-21-22-003-2120,Property Type:Commercial Land,Street Number:2070,Public Remarks:Incredible Investment Opportunity ? Thriving Opa-Locka Neighborhood This Multifamily property offers a prime opportunity in the rapidly growing Opa-Locka area, benefiting from significant demographic improvements driven by migration from Hialeah and surrounding neighborhoods. - Unit Mix: - 6 units: 2-bedroom, 1-bath - 2 units: 1-bedroom, 1-bath - Additional Features: - On-site laundry room - Renovated and well-maintained units - Recent sales in the area have reached $180K per door - Positioned at an attractive 9% Proforma Cap Rate This property combines strong rental income potential with the promise of continued appreciation in a thriving market.,County Or Parish:Miami-Dade County,Frontage Length:100,List Office Name:Fausto Commercial Realty Consultants Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2800,Property Sub Type:Income/MultiFamily,State Or Province:FL,Subdivision Name:MAGNOLIA SUB,Tax Annual Amount:23808,Unparsed Address:2070 Ali Baba Ave, Opa-Locka FL 33054,Listing Agreement:Exclusive Right To Sell,Road Frontage Type:1:City/County Maintained,Building Area Units:Square Feet,Lot Size Dimensions:100x100,Lot Size Square Feet:9375,M I A M I R E_ L P Amt Sq Ft:153.6,Original List Price:1440000,Public Survey Range:21,I D X Participation Y N:1,Syndication Remarks:Incredible Investment Opportunity ? Thriving Opa-Locka Neighborhood This Multifamily property offers a prime opportunity in the rapidly growing Opa-Locka area, benefiting from significant demographic improvements driven by migration from Hialeah and surrounding neighborhoods. - Unit Mix: - 6 units: 2-bedroom, 1-bath - 2 units: 1-bedroom, 1-bath - Additional Features: - On-site laundry room - Renovated and well-maintained units - Recent sales in the area have reached $180K per door - Positioned at an attractive 9% Proforma Cap Rate This property combines strong rental income potential with the promise of continued appreciation in a thriving market.,Listing Contract Date:2025-01-07,Originating System I D:miamire,Public Survey Section:22,Showing Instructions:Call Listing Agent,Street Number Numeric:2070,Tax Legal Description:22 52 41 MAGNOLIA SUB PB 40-80 LOTS 28-29 & 30 BLK 12 LOT SIZE 75.000 X 125 OR 19252-0817 0800 1 COC 24084-1986 12 2005 1,Public Survey Township:21,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Please contact listing agent to schedule a showing.,Contract Status Change Date:2025-01-07,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,