Magnolia, 2070 Ali Baba Ave Opa-Locka, FL 33054

$1,440,000Price

N/ASqFt

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Size: 9,375 ft² / 871 m²

Price: $154 ft² / $1,653 m²

MLS Number: A11719297

On Site: 92 Days

Updated: 1 Days ago

Page Views: 0

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.

Features

All features

Property SqFt: 9375

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.

Internet 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.

Waterfront: No info

Days on Market: 91

Office Name: Fausto Commercial Realty Consultants Inc

Area: 9375

Taxes: 23808

Tax Year: 2024

Listing Date: 2025-01-07T11:24:55.000-00:00

Lot Size Square Feet: 9375

Price History

01/07/2025

Date

Listed

Event

$1.4M

Price

$154 ft² / $1,653 m²

Price Per

Price per square foot and days on website are not provided values and are calculated by Subdivisions.

Listed by Francisco Campos • Fausto Commercial Realty Consultants Inc • Buyer Agency Compensation .

Instant Comparative Market Analysis

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Unit 2070 Ali Baba Ave – Asking

$N/A/ft²

Closed Medium $/ft²

$269/ft²

Community $/Price Range (Closed) $250/ft² – $450/ft²

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity' Program of the Regional Multiple Listing Service of Miami Dade, Broward, Palm Beach, Collier and Lee Counties. Not all listings found on this site are necessarily listed through Subdivisions.com. Real estate listings held by brokerage firms other than Subdivisions.com are marked with the Broker Reciprocity' logo or the Broker Reciprocity' thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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