Magnolia Sub
$1,440,000
2070 Ali Baba Ave, Opa Locka, FL 33054
For Sale
Multifamily
Active
Last Updated: 01/08/2025
Highlights:
- Lot Features: City Location, Less Than 1 Acre
Description:
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.
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