Home » Properties » 1940 Ali Baba Ave, Opa-Locka FL 33054

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1940 Ali Baba Ave Opa-Locka Commercial Income Property

Income/multi-family commercial sale with 11 units including 2 multi-family and 1 single-family home in Opa-Locka, FL.

$800,000

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MLS #A11763733

Listing Updated: 2026-07-13 18:35:13

Listed By: Keller Williams Capital Realty

Overview

This commercial income property at 1940 Ali Baba Ave in Opa-Locka offers a unique value-add opportunity. The portfolio includes 11 units with two multi-family buildings and one single-family home, all sharing the lot and parking. Currently, the units are rented below market value, featuring three 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and a 3-bedroom/1-bath single-family home. The tenants are on month-to-month leases, providing flexibility for future rent adjustments. This property is ideal for buyers looking to increase rental income in a growing market. The seller is open to selling the units together or separately, offering versatility for different investment strategies.

Property Highlights

11 total units including multi-family and single-family homes; units rented below market value; potential to increase rents; month-to-month tenants; shared lot and parking; flexible sale options.

Property Details

City: Opa-Locka

State: FL

Zip Code: 33054

Address: 1940 Ali Baba Ave, Opa-Locka FL 33054

Year Built: 1944

Property Type: Commercial Sale

Property Sub Type: Income/MultiFamily

Listing Office Name: Keller Williams Capital Realty

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $12,352

Days On Market: 476 Days

Original Listing Description

Great value add investment opportunity! Units are currently rented under market value. Three units are 2 bed/1 bath, one unit is 1 bed/1 bath and the single family is 3 bed/1 bath. Both must be sold together as they share the lot/parking. Great potential to increase the rent for a significantly higher monthly income. All tenants are month to month.This is a part of a portfolio of 11 total units for sale that includes two multi-families and one single family. Seller is open to selling them together or separately.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

1940 Ali Baba Ave, Opa-Locka FL 33054

About This Neighborhood

Opa-Locka is a community with a rich cultural heritage and a strategic location in Miami-Dade County. The neighborhood offers access to major roadways and is within reasonable distance to downtown Miami and Fort Lauderdale. Local amenities include shopping centers, dining options, and community services. The area is undergoing gradual revitalization, making it attractive for investors interested in emerging markets with potential for long-term growth.

Walkability & Lifestyle

The property is situated in a neighborhood with moderate walkability. Residents have access to nearby shopping centers, local eateries, and community parks within a short drive. While the area is more car-dependent, essential services and recreational spots are accessible, supporting everyday convenience. The community's evolving infrastructure continues to improve pedestrian-friendly amenities.

Things To Do Nearby

Opa-Locka offers cultural attractions, local dining, and outdoor recreational opportunities. Nearby parks and waterfront areas provide venues for walking, fishing, and boating. The community hosts events celebrating its unique heritage, adding to the lifestyle appeal. Residents can enjoy easy access to Miami’s broader entertainment and nightlife scenes within a short drive.

Nearby Schools

Opa-Locka offers access to several public and private schools within the Miami-Dade County School District. Families residing in the area benefit from educational institutions providing a range of programs from elementary through high school. The proximity of schools contributes to the neighborhood's appeal for tenants with children, ensuring convenient access to quality education options.

Why Buyers Like This Area

Buyers appreciate this property for its flexible purchase options and the potential to increase rental income through market-aligned rent adjustments. The combination of multi-family units and a single-family home on one lot offers operational efficiencies. Opa-Locka’s location near major highways and urban centers enhances tenant demand and long-term viability. The property’s current lease structure allows for strategic management and growth.

Investment Potential

This commercial property in Opa-Locka presents a solid opportunity for investors seeking to enhance rental income through value-add improvements. With units currently leased below market rates and tenants on month-to-month agreements, there is flexibility to adjust rents to better reflect the local market. The mix of multi-family units and a single-family home broadens the appeal to a diverse tenant base. Additionally, the option to purchase the entire portfolio or individual buildings allows investors to tailor their acquisition strategy according to their goals.

Market Trends

The Opa-Locka real estate market is characterized by steady demand for affordable rental housing, particularly multi-family properties. Inventory levels remain moderate, and properties offering value-add potential are sought after by investors. The area's proximity to larger urban centers supports consistent tenant interest, while ongoing community development projects contribute to a positive outlook for property appreciation over time.

Rental Income Potential

Rental income potential is enhanced by the current below-market rents and month-to-month leases, allowing for timely rent adjustments. The property's configuration with multiple units of varying sizes appeals to a broad tenant demographic, including families and individuals. Its location in Opa-Locka, with access to transportation and amenities, supports tenant retention and demand. Seasonal and long-term rental interest can be expected given the area's residential nature.