$1,150,000

1240 Sesame St Opa-Locka, FL 33054

Estimated payment $7,498/month

Total Views 2,066
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

1240 Sesame St is a 11,900 sf covered land opportunity, zoned for up to 10 apartment units, in the historic community of, Opa Locka, FL The property is priced at "Land-Value" as it is in disrepair and only partially occupied. There may be some Miami-Dade County as well as City of Opa Locka CRA grant funding available under their affordable/workforce housing and historic preservation programs. The property can be approached as a CRA-supported Historic Restoration OR a Covered-Land Opportunity where 10 to 12 new apartment units may be redeveloped under certain criteria to include a workforce component and honoring the historic Moorish-themed architecture. A 501C3 may be an appropriate ownership entity for access to grants.

Listing Agent

Ronald N. Sadaka, PA

Ronald N Sadaka R.E Broker License #0267577

Ronald N Sadaka R.E Broker

Co-Listing Agent

Marisa Shannon

Keller Williams Eagle Realty License #3607836

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,952

Year Built

  • 1926

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 300x400

Home Design

Additional Features

  • City Lot
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 08-21-21-002-2330

Community Details

Overview

  • No Home Owners Association
  • Plat No 1 Opa Locka Condos
  • Plat No 1 Opa Locka Subdivision

Building Details

  • Other Expense $6,000
  • New Taxes Expense $12,952
  • Operating Expense $120,000
  • Gross Income $285,000
  • Net Operating Income $171,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,952

Year Built

1926

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Ownership: Sole Proprietor
  • Property Sub Type: Income/MultiFamily
  • Co List Office Mls Id: KWER01
  • Co List Office Phone: 305-757-1700
  • Directions: Please enter the address 1240 Sesame St into your mapping app.
  • Horses: No
  • Lot Size Acres: 0.27
  • Lot Size: 300x400
  • New Construction: No
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • Subdivision Name: PLAT NO 1 OPA LOCKA
  • Special Features: VirtualTour
  • Year Built: 1926

Interior Features

  • Possible Use: Suburban

Exterior Features

  • Lot Features: City Location, Urban Area Development, Less Than 1 Acre
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: PLAT NO 1 OPA LOCKA

Utilities

  • Sewer: Public Sanitation
  • Water Source: Municipal Water
  • Utilities: Electricity Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 08-21-21-002-2330
  • Additional Parcels: No
  • Current Use: Unimproved Multi Family (5+Units)
  • Lot Size Sq Ft: 11900
  • Zoning: 4400
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Net Operating Income: 171000
  • Gross Scheduled Income: 300000
  • Annual Gross Income: 285000
  • Annual Operating Expense: 120000

Tax Info

  • Tax Year: 2024
  • New Taxes Expense: 12952
  • Tax Annual Amount: 12952

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2024 12/31/24 For Sale $1,150,000 0.0% $327 / Sq Ft
12/30/2024 12/30/24 For Sale $1,150,000 -- --
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A11715642

MIAMI REALTORS® MLS

Florida Miami/Dade County Opa-locka

1240 Sesame St, Opa-locka, FL

Homes for Sale in Opa-Locka, FL

This home is located at 1240 Sesame St, Opa-Locka, FL 33054 and is currently priced at $1,150,000. This property was built in 1926. 1240 Sesame St is a home located in Miami-Dade County with nearby schools including Dr. Robert B. Ingram/Opa-Locka Elementary School, North Dade Middle School, and Hialeah-Miami Lakes Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Ronald N. Sadaka, PA
Listing Agent
Ronald N. Sadaka, PA
Section Image
Ronald N Sadaka R.E Broker
(786) 304-2781