$1,150,000

1240 Sesame St Opa-Locka, FL 33054

Estimated payment $7,431/month

Total Views 2,762
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Unlock the potential of 1240 Sesame St, a 11,900 sq. ft. covered land opportunity in the historic heart of Opa-Locka, FL, zoned for up to 10-12 apartment units. Priced at land value due to its current state of disrepair and partial occupancy, this property offers a unique chance to invest in a culturally rich community with significant redevelopment potential.

Situated in Opa-Locka’s historic district, steps from downtown, the new Community Center, Police Dept, and major amenities like Amazon Warehouse, Opa-Locka Exec Airport, Public Transit, I-95 and Fl Turnpike.

Redevelopment Options:
CRA-Supported Historic Restoration: Restore the existing four 2-bed/1-bath units, leveraging Miami-Dade County and Opa-Locka CRA grants for historic preservation and affordable/workforce housing.

Listing Agent

Ronald N. Sadaka, PA

Ronald N Sadaka R.E Broker License #0267577 Listed on: 12/30/2024

Co-Listing Agent

Marisa Shannon

Keller Williams Eagle Realty License #3607836

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,952

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 300x400

Home Design

Additional Features

  • City Lot
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 08-21-21-002-2330

Community Details

Overview

  • No Home Owners Association
  • Plat No 1 Opa Locka Condos
  • Plat No 1 Opa Locka Subdivision

Building Details

  • Other Expense $6,000
  • New Taxes Expense $12,952
  • Operating Expense $120,000
  • Gross Income $285,000
  • Net Operating Income $171,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,952

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Ownership: Sole Proprietor
  • Property Sub Type: Income/MultiFamily
  • Co List Office Mls Id: KWER01
  • Co List Office Phone: 305-757-1700
  • Directions: Please enter the address 1240 Sesame St into your mapping app.
  • Horses: No
  • Lot Size Acres: 0.27
  • Lot Size: 300x400
  • New Construction: No
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • Subdivision Name: PLAT NO 1 OPA LOCKA
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Suburban

Exterior Features

  • Lot Features: City Location, Urban Area Development, Less Than 1 Acre
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: PLAT NO 1 OPA LOCKA

Utilities

  • Sewer: Public Sanitation
  • Water Source: Municipal Water
  • Utilities: Electricity Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 08-21-21-002-2330
  • Additional Parcels: No
  • Current Use: Unimproved Multi Family (5+Units)
  • Lot Size Sq Ft: 11900
  • Zoning: 4400

Multi Family

  • Net Operating Income: 171000
  • Gross Scheduled Income: 300000
  • Annual Gross Income: 285000
  • Annual Operating Expense: 120000

Tax Info

  • Tax Year: 2024
  • New Taxes Expense: 12952
  • Tax Annual Amount: 12952

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2024 12/31/24 For Sale $1,150,000 0.0% $327 / Sq Ft
12/30/2024 12/30/24 For Sale $1,150,000 -- --
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A11715642

MIAMI REALTORS® MLS

Florida Miami/Dade County Opa-locka

1240 Sesame St, Opa-locka, FL

This home is located at 1240 Sesame St, Opa-Locka, FL 33054 and is currently priced at $1,150,000. 1240 Sesame St is a home located in Miami-Dade County with nearby schools including Dr. Robert B. Ingram/Opa-Locka Elementary School, North Dade Middle School, and Hialeah-Miami Lakes Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Ronald N. Sadaka, PA
Listing Agent
Ronald N. Sadaka, PA
Section Image
Ronald N Sadaka R.E Broker
(786) 304-2781