$1,300,000
1761 Ali Baba Avenue
Details
APN 08-2122-003-1890
Property Type Retail, Multifamily
Sub Type Apartment Building
Square Footage 3,980
Units 4
Cap Rate 4.79%
NOI $62,320
Occupancy 33.33%
Tenancy Multi
Pro-Forma Cap Rate 6.57%
Pro-Forma NOI $85,380
Price per SqFt $327
Class C
Year Built 1958
Year Renovated 2024
Buildings 1
Stories 2
Lot Size (SqFt) 4,800
Zoning Single Fam/ General
Parking Spaces 4 spaces
Parking Per SqFt 1.01
Investment Type Value Add
Ground Lease No
Ownership Corp
Sale Condition N/A
6-Unit Multifamily Opportunity | Strong Rental Upside | Prime Investment with Immediate potential
Marketing description
1761 Ali Baba presents a compelling value-add multifamily investment opportunity with significant upside potential through renovation, repositioning, and lease stabilization.
The property is currently underperforming with only one occupied month-to-month unit, creating a rare opportunity for investors seeking operational flexibility and future income growth.
The asset offers investors the ability to implement a market-rate rental strategy, improve operations, and capitalize on long-term rental demand within the South Florida market.
Investment highlights
Value-Add Opportunity
- Significant upside potential through renovation and lease-up
- Opportunity to reposition an underperforming multifamily asset
- Potential to substantially increase rental income after stabilization
- Ability to improve operational efficiency and tenant quality
Flexible Occupancy Structure
- Only one occupied month-to-month tenant currently in place
- Flexibility for phased renovations and unit turnover
- Simplified transition process for new ownership
- Opportunity to establish market-rate rental pricing
Income Growth Potential
- Strong long-term rental demand in the surrounding market area
- Potential for increased NOI through improved occupancy
- Opportunity to maximize rental income with cosmetic improvements
- Attractive future cap rate potential based on stabilized operations
Investor Appeal
- Suitable for value-add multifamily investors
- Opportunity for forced appreciation strategy
- Potential refinance or resale upside after stabilization
- Multiple exit strategies available for future ownership
Listing Contacts
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$62,320.00
$5,193.33/mo
Valuation Metrics
0
DSCR
4.79%
Cap Rate
4.79%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
