NOT LISTED FOR SALE

Estimated Value: $554,899 - $634,000

8 Beds
4 Baths
3,116 Sq Ft
$191/Sq Ft Est. Value

Last Sold August 11, 2022

Last sale price $735,000 $236 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $3,491/month

55 Days on Market

Highlights

  • Old Spanish Architecture
  • Cooling System Mounted To A Wall/Window
  • Under Construction
  • No HOA
  • Ceiling Fan
  • 3-minute walk to Henderson Park

About This Home

As of August 2022

Fausto Commercial is proud to present an opportunity to buy this Value Add property. Master Plans to remodel complete the building are in process of final revisions for approval, all the long and expensive process of getting plans approved in the City of Miami is already taken care of.
This building has 2 stories and Four total Units, Each layout 3 bedrooms 1 bath Allowing you to collect more per unit. The two units downstairs are down to the studs to begin work, saving you money on Demo. The Upstairs Units are collecting $3,600 per month, allowing you to collect cash flow while you complete the project.
Zoning Allows for Short term rental in this desirable area. What this means to you is that you can significantly increase the monthly cash flow of this building once complete.

Last Agent to Sell the Property

Miguel Fuentes

Fausto Commercial Realty Consultants Inc License #3403804 Listed on: 06/07/2022

Co-Listed By

Mauricio Villasuso

Fausto Commercial Realty Consultants Inc License #3254982

Last Buyer's Agent

Mauricio Villasuso

Fausto Commercial Realty Consultants Inc License #3254982

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,444

Year Built

  • Built in 1925 | Under Construction

Lot Details

  • 2,483

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Old Spanish Architecture
  • Frame With Stucco
  • Frame Construction
  • Concrete Roof

Interior Spaces

  • 3,116 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Vinyl Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating

Community Details

  • No Home Owners Association
  • 4 Units
  • Brickell Riverview Condos
  • Brickell Riverview Subdivision

Listing and Financial Details

  • Rent includes trash collection
  • Assessor Parcel Number 01-41-38-003-3370

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,444

Year Built

Built in 1925 | Under Construction

Lot Details

2,483 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1925
  • Property Sub Type: Quadruplex
  • Architectural Style: Old Spanish
  • Co List Office Mls Id: FAUS01
  • Co List Office Phone: 305-431-2258
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: BRICKELL RIVERVIEW
  • Year Built Details: Under Construction
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Stairs
  • Flooring: Vinyl
  • Living Area: 3116
  • Possible Use: Investment
  • Stories: 2

Exterior Features

  • Roof: Concrete
  • Construction Type: Frame, Frame With Stucco
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • Property Condition: Under Construction
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: BRICKELL RIVERVIEW
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-41-38-003-3370
  • Zoning: 3900
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Trash Collection

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 7444

Multi Family

  • Number Of Units In Community: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 28, 2025
Sold by
Mabrick Constructions Llc
Bought by
Marmelo Llc
Current Estimated Value
$594,450

Purchase Details

Listed on
Jun 7, 2022
Closed on
Aug 11, 2022
Sold by
103 Nw 9 Llc
Bought by
Mabrick Constructions Llc
Seller's Agent
Miguel Fuentes
Fausto Commercial Realty Consultants Inc
Buyer's Agent
Mauricio Villasuso
Fausto Commercial Realty Consultants Inc
List Price
$875,000
Sold Price
$735,000
Premium/Discount to List
-$140,000
-16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.72%

Purchase Details

Listed on
Sep 24, 2020
Closed on
Dec 16, 2020
Sold by
103 Nw Llc
Bought by
103 Nw 9 Llc
Seller's Agent
Javier Sarabia
EXP Realty LLC
Buyer's Agent
Javier Sarabia
EXP Realty LLC
List Price
$550,000
Sold Price
$500,000
Premium/Discount to List
-$50,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.30%
Original Mortgage
$489,000
Interest Rate
2.7%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jul 11, 2019
Closed on
Nov 14, 2019
Sold by
Romain Gilles
Bought by
103 Nw Llc
Seller's Agent
Christopher Johnson
Johnson's Homes
Buyer's Agent
Chris Cleveland
RE/MAX 360 Real Estate
List Price
$599,000
Sold Price
$550,000
Premium/Discount to List
-$49,000
-8.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.37%
Original Mortgage
$500,000
Interest Rate
3.7%
Mortgage Type
Construction

Purchase Details

Closed on
May 31, 2007
Sold by
Romain Gilles and Espendez Claudette
Bought by
Romain Gilles

Purchase Details

Closed on
Nov 18, 2005
Sold by
Romain Gilles
Bought by
Romain Gilles and Espendez Claudette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,200
Interest Rate
8.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 31, 2005
Sold by
Siso Carlos L
Bought by
Romain Gilles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,200
Interest Rate
8.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 27, 2003
Sold by
Haven Economic Development Inc
Bought by
Siso Carlos L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,161
Interest Rate
5.29%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 10, 2002
Sold by
Countrywide Home Loans Inc
Bought by
Hud-Housing Of Urban Development

Purchase Details

Closed on
Jun 12, 2001
Sold by
Julio Vasquez Coc I and Clerk Of Court C
Bought by
Countrywide Home Loans

Purchase Details

Closed on
Aug 13, 1999
Sold by
Fernandez Danel
Bought by
Vazquez Julio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,651
Interest Rate
7.7%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 2, 1999
Sold by
Knoth Audrey R
Bought by
Fernandez Danel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,651
Interest Rate
7.7%
Mortgage Type
FHA
Source: Public Records
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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
Marmelo Llc $560,000 None Listed On Document
Marmelo Llc $560,000 None Listed On Document
Mabrick Constructions Llc $735,000 Wagner Jordan
Mabrick Constructions Llc $735,000 Wagner Jordan
103 Nw 9 Llc $500,000 Empire Title
103 Nw 9 Llc $500,000 Empire Title
103 Nw Llc $550,000 Title Answers A Law Firm Pll
Romain Gilles -- None Available
Romain Gilles -- None Available
Romain Gilles $437,500 First American Title Ins Co
Siso Carlos L $194,700 Lawyers Advantage Title Grou
Hud-Housing Of Urban Development -- --
Countrywide Home Loans -- --
Vazquez Julio $165,000 --
Fernandez Danel $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 103 Nw 9 Llc $489,000
Previous Owner 103 Nw Llc $500,000
Previous Owner Romain Gilles $350,200
Previous Owner Siso Carlos L $193,161
Previous Owner Fernandez Danel $163,651
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/11/2022 08/11/22 Sold $735,000 -16.0% $236 / Sq Ft
08/01/2022 08/01/22 Pending -- -- --
06/07/2022 06/07/22 For Sale $875,000 +75.0% $281 / Sq Ft
12/16/2020 12/16/20 Sold $500,000 -9.1% $160 / Sq Ft View Prior Sale
09/24/2020 09/24/20 For Sale $550,000 0.0% $177 / Sq Ft
11/14/2019 11/14/19 Sold $550,000 -8.2% $177 / Sq Ft View Prior Sale
10/24/2019 10/24/19 Pending -- -- --
10/20/2019 10/20/19 For Sale $599,000 +8.9% $192 / Sq Ft
09/24/2019 09/24/19 Off Market $550,000 -- --
09/20/2019 09/20/19 For Sale $599,000 +8.9% $192 / Sq Ft
08/23/2019 08/23/19 Off Market $550,000 -- --
08/15/2019 08/15/19 For Sale $599,000 +8.9% $192 / Sq Ft
08/15/2019 08/15/19 Off Market $550,000 -- --
07/23/2019 07/23/19 For Sale $599,000 +8.9% $192 / Sq Ft
07/23/2019 07/23/19 Off Market $550,000 -- --
07/15/2019 07/15/19 Price Changed $599,000 +3.3% $192 / Sq Ft
07/11/2019 07/11/19 For Sale $580,000 -- $186 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $4,775 $187,500 $187,500 --
2024 $14,157 $162,500 $162,500 --
2023 $14,157 $614,754 $125,000 $489,754
2022 $7,701 $299,808 $125,000 $174,808
2021 $7,444 $278,831 $125,000 $153,831
2020 $7,192 $266,331 $112,500 $153,831
2019 $5,464 $259,338 $112,500 $146,838
2018 $5,168 $259,338 $112,500 $146,838
2017 $4,885 $121,666 $0 $0
2016 $4,350 $110,606 $0 $0
2015 $3,850 $100,551 $0 $0
2014 $3,666 $91,410 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11218090

MIAMI REALTORS® MLS

APN: 01-4138-003-3370

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