1940 Ali Baba Ave Opa Locka, FL 33054
Rainbow Park NeighborhoodEstimated payment $5,187/month
Highlights
- No HOA
- Tile Flooring
- 1-Story Property
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
About This Home
Great value add investment opportunity! Units are currently rented under market value. Three units are 2 bed/1 bath, one unit is 1 bed/1 bath and the single family is 3 bed/1 bath. Both must be sold together as they share the lot/parking. Great potential to increase the rent for a significantly higher monthly income. All tenants are month to month. This is a part of a portfolio of 11 total units for sale that includes two multi-families and one single family. Seller is open to selling them together or separately.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,352
Year Built
- Built in 1944
Lot Details
- Property is zoned 6800
Parking
- 5 Parking Spaces
Home Design
- Concrete Block And Stucco Construction
Interior Spaces
- 2,815 Sq Ft Home
- 1-Story Property
- Tile Flooring
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
Community Details
- No Home Owners Association
- Magnolia Sub Subdivision
Listing and Financial Details
- Assessor Parcel Number 08-21-22-003-2270
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,464 | $233,479 | -- | -- |
| 2024 | $7,505 | $212,254 | -- | -- |
| 2023 | $7,505 | $192,959 | $0 | $0 |
| 2022 | $6,607 | $175,418 | $0 | $0 |
| 2021 | $6,259 | $159,471 | $0 | $0 |
| 2020 | $5,646 | $209,143 | $20,312 | $188,831 |
| 2019 | $4,924 | $144,269 | $12,500 | $131,769 |
| 2018 | $4,464 | $119,814 | $12,500 | $107,314 |
| 2017 | $3,918 | $100,326 | $0 | $0 |
| 2016 | $4,340 | $95,948 | $0 | $0 |
| 2015 | $3,947 | $87,226 | $0 | $0 |
| 2014 | $4,094 | $96,884 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/21/2025 07/21/25 | Price Changed | $800,000 | -5.9% | $284 / Sq Ft | |
| 03/28/2025 03/28/25 | For Sale | $850,000 | +1870.1% | $302 / Sq Ft | |
| 06/17/2014 06/17/14 | Sold | $43,144 | +2.7% | $23 / Sq Ft | View Prior Sale |
| 05/14/2014 05/14/14 | Pending | -- | -- | -- | |
| 01/17/2014 01/17/14 | For Sale | $42,000 | -- | $22 / Sq Ft |
Source: MIAMI REALTORS® MLS
MLS Number: A11772033
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