NOT LISTED FOR SALE
-- Bed
-- Bath
7,186 Sq Ft
1976 Built

Sale Details

Date Sold: March 12, 2014

Last sale price $720,000 $100 Per Sq Ft

217 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Laundry Facilities
  • Cooling System Mounted To A Wall/Window
  • Landscaped
  • Fenced

About This Home

As of March 2014

7% Cap Rate projected! Well maintained complex comprised of 12 Unit Apt Bldg with pool plus adjacent house. Apartments are occupied by annual tenants who often reside multiple years. Rents shown are average of current rates, and Income/Expense stmt is projected based on 1/1's at $750/mo, studios at $600/mo, & 3 bedrm house at $1,100/mo. Each apartment is metered separately for electricity and there are 22 parking spaces. The Sample-McDougald House, park, and tennis courts are within blocks.

Last Agent to Sell the Property

Ross Z. Herman

The Keyes Company License #372598 Listed on: 07/08/2013

The Keyes Company

Last Buyer's Agent

Clint Gordon

Charles Rutenberg Realty LLC License #3231583

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,658

Year Built

  • Built in 1976

Lot Details

  • 7,186 Sq Ft Lot
  • Fenced
  • Landscaped
  • Sprinkler System

Home Design

  • Frame Construction
  • Concrete Block And Stucco Construction

Interior Spaces

  • 7,186 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Tile

Parking

  • 22 Parking Spaces
  • Common or Shared Parking

Additional Features

  • City Lot
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Total Actual Rent $105,905
  • Tenant pays for electricity
  • Assessor Parcel Number 484235000220

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 13 Units

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $10,000
  • Maintenance Expense $5,520
  • Other Expense $111,156
  • Trash Expense $2,098
  • New Taxes Expense $18,375
  • Operating Expense $48,208
  • Gross Income $105,905
  • Net Operating Income $57,697

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,658

Year Built

Built in 1976

Lot Details

7,186 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1976
  • Ownership: Other Ownership
  • Property Sub Type: Multi Family
  • Directions: ATLANTIC BLVD TO NE 5 AVE, NORTH TO NE 6 ST, WEST TO NE 3 AVE TO NE 9 ST, WEST - OR - FEDERAL HWY TO NE 10 ST, WEST TO NE 3 AVE, SOUTH TO NE 9 ST, WEST TO PROPERTY.
  • Horses: No
  • Inclusions: Land Only, Business; Building And Land
  • New Construction: No
  • Road Frontage Type: City Street, City
  • Building Stories: 2
  • Structure Type: Multi Family
  • Year Built Details: Resale
  • LastStatus: Pending
  • CurrentPrice: 720000
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Carpet, Tile
  • Number Of Buildings: 2
  • Stories: 2

Exterior Features

  • Roof: Other Roof/Roof Structure, Other
  • Construction Type: CBS Construction, Frame, Frame With Stucco
  • Disclosures: Disclosure
  • Fencing: Fenced
  • Lot Features: City Location, Fenced
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Parking Features: Common
  • Total Parking Spaces: 22

Utilities

  • Sewer: Public Sewer, Public Sanitation, Sewer
  • Water Source: Public
  • Trash Expense: 2098
  • Green Building Features: Laundry Facility, Landscaped, Laundry Facilities, Lawn Sprinkler-City Water
  • Cooling: Central Individual A/C, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Electric: Separate Meters
  • Electricity On Property: Yes
  • Security: Other Fire Protection, Smoke Alarm, Smoke Detector(s), Smoke Detector, Other

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 484235000220
  • Current Use: Income Non-Waterfront
  • Lot Size Sq Ft: 7186
  • Zoning: RM-20

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Net Operating Income: 57697
  • Insurance Expense: 10000
  • Annual Gross Income: 105905
  • Maintenance Expense: 5520
  • Number Of Units In Community: 13
  • Number Of Units Total: 13
  • Annual Operating Expense: 48208
  • Total Actual Rent: 105905

Tax Info

  • Tax Year: 2012
  • New Taxes Expense: 18375
  • Tax Annual Amount: 7658

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2017
Sold by
Bought by

Purchase Details

Listed on
Jul 8, 2013
Closed on
Mar 10, 2014
Sold by
Bought by
Seller's Agent
Ross Z. Herman
The Keyes Company
Buyer's Agent
Clint Gordon
Charles Rutenberg Realty LLC
List Price
$879,000
Sold Price
$720,000
Premium/Discount to List
-$159,000
-18.09%

Purchase Details

Listed on
Jul 8, 2013
Closed on
Mar 7, 2014
Sold by
Bought by
Seller's Agent
Ross Z. Herman
The Keyes Company
Buyer's Agent
Clint Gordon
Charles Rutenberg Realty LLC
List Price
$879,000
Sold Price
$720,000
Premium/Discount to List
-$159,000
-18.09%

Purchase Details

Listed on
Jul 8, 2013
Closed on
Mar 1, 2014
Sold by
Bought by
Seller's Agent
Ross Z. Herman
The Keyes Company
Buyer's Agent
Clint Gordon
Charles Rutenberg Realty LLC
List Price
$879,000
Sold Price
$720,000
Premium/Discount to List
-$159,000
-18.09%

Purchase Details

Closed on
Jan 31, 1995
Sold by
Bought by

Purchase Details

Closed on
Oct 1, 1980
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,075,000 Attorney
-- Eagle Title Co Inc
-- Eagle Title Co Inc
$720,000 Eagle Title Co Inc
-- --
$149,714 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,250,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/12/2014 03/12/14 Sold $720,000 -18.1% $100 / Sq Ft
02/10/2014 02/10/14 Pending -- -- --
07/08/2013 07/08/13 For Sale $879,000 -- $122 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $25,098 $957,660
2025 $22,396 $870,600
2024 $20,128 $870,600
2023 $20,128 $719,510 $0 $0
2022 $17,079 $654,100 $0 $0
2021 $14,924 $594,640 $89,050 $505,590
2020 $14,342 $576,070 $89,050 $487,020
2019 $13,464 $528,760 $89,050 $439,710
2018 $13,180 $528,760 $89,050 $439,710
2017 $10,325 $402,110 $0 $0
2016 $9,160 $365,560 $0 $0
2015 $8,550 $332,330 $0 $0
2014 $7,412 $276,430 $0 $0
2013 -- $267,120 $89,050 $178,070
Source: Public Records

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Map

Source: MIAMI REALTORS® MLS

MLS Number: F1245656

MIAMI REALTORS® MLS

APN: 48-42-35-00-0220

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