NOT LISTED FOR SALE

2050 Lincoln Ave Opa Locka, FL 33054

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

Sale Details

Date Sold: December 8, 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

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

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
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

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 $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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