1940 Ali Baba Ave Opa Locka, FL 33054
Rainbow Park NeighborhoodEstimated payment $5,388/month
Highlights
- No HOA
- Tile Flooring
- 1-Story Property
- Cooling System Mounted To A Wall/Window
- Wall Furnace
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,352
Year Built
- Built in 1944
Parking
- 5 Parking Spaces
Home Design
- Quadruplex
Interior Spaces
- 2,815 Sq Ft Home
- 1-Story Property
- Tile Flooring
Schools
- Rainbow Park Elementary School
- North Dade Middle School
- Hialeah-Miami Lakes High School
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Separate Meters
- Cable TV Not Available
Listing and Financial Details
- Assessor Parcel Number 0821220032270
Community Details
Overview
- No Home Owners Association
- 3 Units
- Magnolia Sub Subdivision
Building Details
- Gross Income $6,200
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/29/2025 03/29/25 | 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 |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $110,000 | Attorney | |
| Warranty Deed | -- | None Available | |
| Special Warranty Deed | $41,000 | Wind Mill Title Company | |
| Trustee Deed | $24,600 | None Available | |
| Warranty Deed | $260,000 | M G Title Services Inc | |
| Warranty Deed | $130,000 | M G Title Services Inc | |
| Warranty Deed | $87,000 | -- | |
| Warranty Deed | $37,000 | -- | |
| Warranty Deed | $35,100 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $110,000 | Commercial | |
| Previous Owner | $3,000 | Commercial | |
| Previous Owner | $2,000 | Commercial | |
| Previous Owner | $208,000 | Commercial | |
| Previous Owner | $24,150 | Commercial | |
| Previous Owner | $110,500 | Commercial | |
| Previous Owner | $53,900 | Commercial |
Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: A11772033
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All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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