Seller's Agent in 2022
Mateo Usuga
Future Option Realty LLC
(786) 486-6238
1 in this area
61 Total Sales
435 Ali Baba Ave Opa-Locka, FL 33054
--
Bed
--
Bath
6,720
Sq Ft
0.45
Acres
Highlights
- No HOA
- 4-minute walk to Opa-Locka
- Tile Flooring
- Porch
- Cooling System Mounted To A Wall/Window
- Laundry Facilities
About This Home
As of January 2022REDUCED!!!GREAT INVESTMENT TO OWN 3 BUILDINGS SIDE BY SIDE FOR STEADY RENTAL INCOME. CENTRALLY LOCATED IN FRONT OF OPA LOCKA TRI-RAIL STATION & WITHIN WALKING DISTANCE TO NEW AMAZON WAREHOUSE. SALE INCLUDES FOLIOS: 08-2121-014-0030; 08-2121-014-0040; 08-2121-014-0050. CURRENTLY OPERATING AS A TOTAL OF 12-1/1 UNITS, RECORDS HAVE BUILDING (435) AS 4 UNITS W/ 2/1 EACH, OTHER 2 BUILDINGS (465-475) HAVE 4 UNITS W/ 1/1'S EACH BUILDING. OCCUPANCY AT 100%. CURRENT CAP RATE AT 5.5%-6.5% W/ ROOM TO INCREASE AS RENTS AREN'T AT THEIR MAX RATE. WATER METER COULD BE SUBMETERED FOR TENANTS TO PAY THEIR WATER & INCREASE INCOME. 2 OF THE BUILDINGS HAVE NEW ROOFS INSTALLED 2 YEARS AGO. MUST UNITS HAVE REMODELED KITCHENS & TILE-TERRAZO FLOORS. OWNER PAYS FOR WATER/TRASH. PLEASE DO NOT DISTURB TENANTS.
Last Agent to Sell the Property
Future Option Realty LLC License #3125676 Listed on: 04/16/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,875
Year Built
- Built in 1969
Lot Details
- 0.45
Parking
- 18 Parking Spaces
Home Design
- Quadruplex
- Shingle Roof
Interior Spaces
- 6,720 Sq Ft Home
- 1-Story Property
- Casement Windows
Flooring
- Tile
- Terrazzo
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
Additional Features
- Porch
- Fenced
Listing and Financial Details
- Total Actual Rent $127,000
- Rent includes water
- Assessor Parcel Number 08-21-21-014-0030
Community Details
Overview
- No Home Owners Association
- 2 Units
- Ali Baba Villa Condos
- Ali Baba Villa,435 475 Ali Baba Ave Subdivision
Amenities
- Laundry Facilities
Building Details
- Operating Expense $30,000
- Net Operating Income $97,000
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/20/2022 01/20/22 | Sold | $1,500,000 | -6.2% | $223 / Sq Ft |
| 09/08/2021 09/08/21 | Price Changed | $1,599,000 | -0.1% | $238 / Sq Ft |
| 09/02/2021 09/02/21 | Price Changed | $1,600,000 | -5.3% | $238 / Sq Ft |
| 08/12/2021 08/12/21 | Price Changed | $1,690,000 | -0.6% | $251 / Sq Ft |
| 07/09/2021 07/09/21 | Price Changed | $1,700,000 | -0.6% | $253 / Sq Ft |
| 07/02/2021 07/02/21 | Price Changed | $1,710,000 | -1.7% | $254 / Sq Ft |
| 06/04/2021 06/04/21 | Price Changed | $1,740,000 | -2.8% | $259 / Sq Ft |
| 05/05/2021 05/05/21 | Price Changed | $1,790,000 | -0.6% | $266 / Sq Ft |
| 04/20/2021 04/20/21 | Price Changed | $1,800,000 | -0.1% | $268 / Sq Ft |
| 04/15/2021 04/15/21 | For Sale | $1,802,000 | -- | $268 / 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 | $11,922 | $516,800 | $164,875 | $351,925 |
| 2024 | $10,968 | $476,902 | -- | -- |
| 2023 | $10,968 | $433,548 | $131,900 | $301,648 |
| 2022 | $8,328 | $325,924 | $46,165 | $279,759 |
| 2021 | $5,566 | $168,994 | $0 | $0 |
| 2020 | $4,875 | $278,851 | $39,570 | $239,281 |
| 2019 | $3,757 | $157,066 | $39,570 | $117,496 |
| 2018 | $3,307 | $135,177 | $32,975 | $102,202 |
| 2017 | $2,973 | $115,427 | $0 | $0 |
| 2016 | $5,168 | $104,934 | $0 | $0 |
| 2015 | $4,862 | $101,228 | $0 | $0 |
| 2014 | $5,144 | $117,493 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Mateo Usuga
Map
Source: MIAMI REALTORS® MLS
MLS Number: A11028588
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