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Residential Income
$1,150,000
1240 Sesame St Opa-Locka, FL

A11715881

232 of 527 for Sale
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  • Listed On:

    Jan 2, 2025
  • Days on Market:

    349
  • Year:

    1926
  • Taxes:

    $12,952 per year
  • Floor Description:

    Wood
  • Occupancy:

  • Zoning:

  • Parking:

1240 Sesame St Opa-Locka, FL 1240 Sesame St is comprised of four 2 bed/1 bath, frame/stucco apartment units built in 1926, on a 11,900 sf lot, in the historic community of, Opa Locka, FL The property is priced at "Land-Value" as it is in disrepair and not fully 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.

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