NOT LISTED FOR SALE

Estimated Value: $560,000 - $799,000

4 Beds
4 Baths
2,525 Sq Ft
$277/Sq Ft Est. Value

Last Sold April 30, 2018

Last sale price $435,000 $172 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $4,514/month

63 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Fenced
  • Wall Furnace
  • Ceramic Tile Flooring

About This Home

As of April 2018

9.1% Cap Rate 17.43% Cash On Cash *Amazing Opportunity* To Acquire 4 units in Up and Coming East Lake Worth, Each unit is 2 bedroom 2 Bath and rent for $1,100 a month. Units are in good shape. The owner is also selling the 4 units next door for a total 8 Units as well. Do Not Visit the property with out notice.Listed price is for one property.

Last Agent to Sell the Property

Ahmed Abdeldayem

KW Innovations License #3309101 Listed on: 01/24/2018

KW Innovations

Last Buyer's Agent

Bunny Ferris

Keller Williams Realty Of The Treasure Coast License #3247363

Keller Williams Realty Of The Treasure Coast

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,955

Year Built

  • Built in 1967

Lot Details

  • 6,750 Sq Ft Lot
  • Fenced
  • Sprinkler System

Home Design

  • Metal Roof

Interior Spaces

  • 2,525 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 38434421153180120

Community Details

Overview

  • 4 Units
  • Lake Worth Town Of Subdivision

Building Details

  • Operating Expense $13,155
  • Net Operating Income $39,645

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,955

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: 10th ave to f street
  • Year Built: 1967
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 2525.0

Exterior Features

  • Exterior Features: Fence
  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Metal

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 38434421153180120
  • Lot Size: 50.0 ft x 135.0 ft
  • Lot Size Sq Ft: 6750.0
  • Zoning Description: G(city
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 39645.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 13155.0

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 5955.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2018
Closed on
Apr 30, 2018
Sold by
Caribbean All Real Estate Corp
Bought by
North F Street Apartments Llc
Seller's Agent
Ahmed Abdeldayem
KW Innovations
Buyer's Agent
Bunny Ferris
Keller Williams Realty Of The Treasure Coast
List Price
$450,000
Sold Price
$435,000
Premium/Discount to List
-$15,000
-3.33%
Current Estimated Value
$700,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$265,000
Avg. Annual Appreciation
6.38%
Original Mortgage
$611,510
Outstanding Balance
$523,747
Interest Rate
4.45%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$176,253

Purchase Details

Closed on
May 16, 2014
Sold by
Southern Engineering & Construction Llc
Bought by
Caribbean All Real Estate Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 23, 2010
Sold by
Fidelity National Trust Llc
Bought by
Southern Engineering & Construction Llc

Purchase Details

Closed on
Sep 29, 2009
Sold by
Arsali Nicholas
Bought by
Fidelity National Trust Llc

Purchase Details

Closed on
Jul 2, 2009
Sold by
County Of Palm Beach
Bought by
Arsali Nicholas

Purchase Details

Closed on
Aug 27, 1996
Sold by
Lemin Martha D
Bought by
Schade Walter A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
8.4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
North F Street Apartments Llc $870,000 Attorney
North F Street Apartments Llc $870,000 Attorney
Caribbean All Real Estate Corp $155,000 Attorney
Caribbean All Real Estate Corp $155,000 Attorney
Southern Engineering & Construction Llc -- None Available
Southern Engineering & Construction Llc -- None Available
Fidelity National Trust Llc -- None Available
Fidelity National Trust Llc -- None Available
Arsali Nicholas $22,200 None Available
Arsali Nicholas $22,200 None Available
Schade Walter A $64,000 --
Schade Walter A $64,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open North F Street Apartments Llc $611,510
Previous Owner Caribbean All Real Estate Corp $96,000
Previous Owner Schade Walter A $48,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2018 04/30/18 Sold $435,000 -3.3% $172 / Sq Ft
03/31/2018 03/31/18 Pending -- -- --
01/26/2018 01/26/18 For Sale $450,000 -- $178 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $10,244 $410,562 -- --
2024 $10,244 $373,238 -- --
2023 $10,308 $383,766 $108,000 $275,766
2022 $9,622 $349,645 $0 $0
2021 $10,711 $386,185 $160,000 $226,185
2020 $10,164 $360,380 $176,000 $184,380
2019 $9,825 $344,380 $160,000 $184,380
2018 $6,670 $283,176 $152,100 $131,076
2017 $5,955 $212,328 $117,000 $95,328
2016 $5,592 $157,583 $0 $0
2015 $5,039 $143,257 $0 $0
2014 $2,493 $24,245 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10400021

BeachesMLS (Greater Fort Lauderdale)

APN: 38-43-44-21-15-318-0120