Incredible Investment Opportunity – Thriving Opa-Locka Neighborhood
This Multifamily property offers a prime opportunity in the rapidly growing Opa-Locka area, benefiting from significant demographic improvements driven by migration from Hialeah and surrounding neighborhoods.
– Unit Mix:
– 6 units: 2-bedroom, 1-bath
– 2 units: 1-bedroom, 1-bath
– Additional Features:
– On-site laundry room
– Renovated and well-maintained units
– Recent sales in the area have reached $180K per door
– Positioned at an attractive 9% Proforma Cap Rate
This property combines strong rental income potential with the promise of continued appreciation in a thriving market.
This Multifamily property offers a prime opportunity in the rapidly growing Opa-Locka area, benefiting from significant demographic improvements driven by migration from Hialeah and surrounding neighborhoods.
– Unit Mix:
– 6 units: 2-bedroom, 1-bath
– 2 units: 1-bedroom, 1-bath
– Additional Features:
– On-site laundry room
– Renovated and well-maintained units
– Recent sales in the area have reached $180K per door
– Positioned at an attractive 9% Proforma Cap Rate
This property combines strong rental income potential with the promise of continued appreciation in a thriving market.
Property Details
Price:
$1,440,000
MLS #:
A11719297
Status:
Active
Beds:
0
Baths:
0
Address:
2070 Ali Baba Ave
Type:
Single Family
Subtype:
Income/MultiFamily
Subdivision:
MAGNOLIA SUB
Neighborhood:
Magnolia Sub
City:
Opa-Locka
Listed Date:
Jan 7, 2025
State:
FL
ZIP:
33054
Lot Size:
9,375 sqft / 0.22 acres (approx)
See this Listing
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Schools
Interior
Exterior
Financial
Tax Year
2024
Taxes
$23,808
Map
Community
- Address2070 Ali Baba Ave Opa-Locka FL
- SubdivisionMAGNOLIA SUB
- CityOpa-Locka
- CountyMiami-Dade County
- Zip Code33054
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2070 Ali Baba Ave
Opa-Locka, FL
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