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Sold on 01/12/2022

435 Ali Baba Ave, Opa Locka, FL 33054

$1,500,000

Last sold 01/12/2022 after 1735 Days

  • 2

    bed

  • 2

    bath

  • 6,720

    Sqft ($223/Sqft)

Multi-family not for sale
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About 435 Ali Baba Ave

Property type Multi-family
Neighborhood
Year built 1969
HOA fee $0/month
Rental estimate
Property description
Reduced!! ! 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.
Listed by
Listing Agent - Mateo Usuga
Listing Office - Future Option Realty LLC
Source: SEFMLS mls logo
MLS#A11028588 • last updated 1 month ago
Movoto checked SEFMLS for data 11 minutes ago
Overview
Cooling/AC Wall/Window Unit(s)
Heating Wall Furnace
Levels/Style One, 1, Fourplex
Type Residential Income
SubType Quadruplex
Status Closed
Virtual Tour N/A
MLS # A11028588
SqFt 6720
Property Tax 4875
Year Built 1969
Interior
# Full Baths 2
Total # of Baths 2
Total # of Bedrooms 2
Window Features Casement Window(s)
Exterior
Roof Shingle
Exterior Block
# Parking Spaces 18
Amenities / Utilities
Utilities Cable Available
Sewer/ Septic Public Sewer
Water Source Public
Pool Desc None
Location
Subdivision ALI BABA VILLA
Area/ Subdivision 21
Community Features Laundry Facilities
APN 08-21-21-014-0030
Zoning 4400
Multifamily Details
Rent Includes Water
Net Operating Income 97000
Operating Expense 30000
Total Actual Rent 127000
Lot/ Land Details
Possible Use Investment
We are not permitted to show value estimates for this property.
  • Feb 2022
    Public Records
  • Feb 1, 2022 Sold
    $1,500,000
  • Jan 2022
    mls logo MLS # A11028588
  • Jan 20, 2022 Sold
    $1,500,000 (-6.2%)
  • Jan 12, 2022 Active
    —
  • Sep 8, 2021 Price Change
    $1,599,000
  • Sep 3, 2021 Price Change
    $1,600,000 (-5.3%)
  • Aug 12, 2021 Price Change
    $1,690,000 (-0.6%)
  • Jul 9, 2021 Price Change
    $1,700,000 (-0.6%)
  • Jul 2, 2021 Price Change
    $1,710,000 (-1.7%)
  • Jun 4, 2021 Price Change
    $1,740,000 (-2.8%)
  • May 6, 2021 Price Change
    $1,790,000 (-0.6%)
  • Apr 20, 2021 Price Change
    $1,800,000 (-0.1%)
  • Apr 15, 2021 Listed
    $1,802,000 (+1027.0%)
  • Aug 2004
    Public Records
  • Aug 6, 2004 Sold
    $159,900
  • Year Property taxes Tax assessment
  • 2025
    $12,752 +7.0%
    $516,800 +7.3%
  • 2024
    $11,922 +8.7%
    $481,661 +11.1%
  • 2023
    $10,968 +31.7%
    $433,548 +33.02%
  • 2022
    $8,328 +49.6%
    $325,924 +7.65%
  • 2021
    $5,566 +14.2%
    $302,753 +8.57%
  • 2020
    $4,875 +29.8%
    $278,851 +77.54%
  • 2019
    $3,757 +13.6%
    $157,066 +16.19%
  • 2018
    $3,307
    $135,177
  • 435 Ali Baba Ave
    $1.5M
  • Ali Baba Villa
    —
  • 33054
    $475K +3% y/y
  • Opa Locka
    $434K -3% y/y
No chart available
Statistics calculated by Movoto

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3/10
North Dade Middle School
public Grades 6-8
Miami-Dade County Public Schools
Source: GreatSchools.org © 2026. All rights reserved.

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