NOT LISTED FOR SALE

2050 Lincoln Ave Opa Locka, FL 33054

Rainbow Park Neighborhood
8 Beds
4 Baths
2,800 Sq Ft
1960 Built

Last Sold December 08, 2021

Last sale price $475,000 $170 Per Sq Ft

56 Days on Market

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • 2-minute walk to Magnolia Park
  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

About This Home

As of December 2021

These multi-family buildings are located in the City of Opa-Locka, just outside of Miami. This property consists of two multi-family buildings in close proximity. All 8 units are rented. Current cap rate is 6.28% with opportunity to add value and improvement. All units have independent water meters and independent electric meters. This is a Portfolio Sale please reference MLS# A11110485 and property address 2047 Lincoln Ave Opa-Locka Folio# 08-2122-003-0310. Portfolio price is $965,000 and can not be sold separately.

Last Agent to Sell the Property

Jordan Casanas

Fortune Christie's Intl R.E. License #3310814 Listed on: 10/12/2021

Fortune Christie's Intl R.E.

Co-Listed By

Daniel Guerra

Fortune Christie's Intl R.E. License #3051825

Last Buyer's Agent

Sergio Betancourt, P.A.

Viceroy Real Estate LLC License #3157345

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,981

Year Built

  • Built in 1960

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex

Interior Spaces

  • 2,800 Sq Ft Home
  • 2-Story Property
  • Ceramic Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • 4 Units
  • Magnolia Sub Condos
  • Magnolia Sub Subdivision

Listing and Financial Details

  • Rent includes trash collection
  • Assessor Parcel Number 08-21-22-003-0620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,981

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1960
  • Property Sub Type: Quadruplex
  • Architectural Style: Attached
  • Co List Office Mls Id: FINR02
  • Co List Office Phone: 305-856-2600
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: MAGNOLIA SUB
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Ceramic Floor
  • Living Area: 2800
  • Possible Use: Unknown/Withheld
  • Stories: 2

Exterior Features

  • Roof: Other
  • Lot Features: Other Lot Description
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: MAGNOLIA SUB
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window/Wall
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 08-21-22-003-0620
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Trash Collection

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 6981

Multi Family

  • Number Of Units In Community: 4
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2021 12/08/21 Sold $475,000 -9.0% $170 / Sq Ft
10/12/2021 10/12/21 For Sale $522,000 -- $186 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $13,245 $433,803 -- --
2024 $11,809 $394,367 -- --
2023 $11,809 $358,516 $0 $0
2022 $10,352 $325,924 $76,800 $249,124
2021 $7,723 $181,754 $0 $0
2020 $6,981 $278,851 $52,800 $226,051
2019 $5,811 $157,066 $55,200 $101,866
2018 $5,302 $135,177 $42,353 $92,824
2017 $4,678 $105,338 $0 $0
2016 $4,985 $95,762 $0 $0
2015 $4,547 $87,057 $0 $0
2014 $4,258 $79,143 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11110552

MIAMI REALTORS® MLS
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