NOT LISTED FOR SALE

Estimated Value: $709,693 - $916,000

5 Beds
3 Baths
1,815 Sq Ft
$436/Sq Ft Est. Value

Last Sold January 09, 2018

Last sale price $395,000 $218 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $5,178/month

45 Days on Market

Highlights

  • Newly Remodeled
  • Complete Accordion Shutters
  • Central Heating and Cooling System
  • No HOA
  • Terrazzo Flooring
  • 4-minute walk to Ronselli Park

About This Home

As of January 2018

Great investment property in Sweetwater. Shopping, schools, FIU, bus service, all in walking distance. Enjoy hassle free ownership for many years with it's new roof, updated electrical, new windows and accordion storm shutters. Freshly painted. Each unit is separately metered for electric and share the water/sewer meter. The 2/1 unit is owner occupied and has been updated. Pro-forma NOI is $29,096 with a return of 7% at the asking price. The property is offered as-is. Investors must conduct their own due-diligence for any decision related to this property. The brochure Information is obtained from property owner and MDC property records. Broker, agent (transaction brokers) and owners make no representation as to the information's accuracy. Call agent for showings.

Last Agent to Sell the Property

Jose Santana

Beachfront Realty Inc License #0613824 Listed on: 10/07/2017

Beachfront Realty Inc

Last Buyer's Agent

Alberto De Robles

Florida Realty of Miami Corp License #3170689

Florida Realty of Miami Corp

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,492

Year Built

  • Built in 1971 | Newly Remodeled

Lot Details

  • 6,098

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,815 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Complete Accordion Shutters

Flooring

  • Terrazzo
  • Ceramic Tile

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $35,910
  • Assessor Parcel Number 25-40-06-001-0539

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Sweetwater Groves .193 Ac Condos
  • Sweetwater Groves .193 Ac Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $6,814
  • Net Operating Income $29,096

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,492

Year Built

Built in 1971 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1971
  • Property Sub Type: Duplex
  • Architectural Style: Attached
  • Directions: From Flagler Street and 107th Avenue, head west on Flagler. At 113th Avenue make a left. Go to SW 3rd Street and make a right. Property is the 2nd property on your left.
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: SWEETWATER GROVES .193 AC
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Interior Amenities: Other
  • Spa Yn: No
  • Flooring: Ceramic Floor, Terrazzo, Tile
  • Furnished: Unfurnished
  • Living Area: 1815
  • Possible Use: Investment
  • Stories: 1
  • Window Features: Complete Accordian Shutters, Hurricane Shutters, Blinds
  • Bedroom Features: None
  • Living Room Features: Other

Exterior Features

  • Roof: Shingle
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • Property Condition: New Construction
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: SWEETWATER GROVES .193 AC
  • Parking Features: Slab/Strip
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Green Building Features: Laundry Facility
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 25-40-06-001-0539
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None

Multi Family

  • Net Operating Income: 29096
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Annual Operating Expense: 6814
  • Total Actual Rent: 35910

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 3492

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2017
Closed on
Jan 9, 2018
Sold by
Trujillo Jesus and Trujillo Maria
Bought by
Semac Properties Llc
Seller's Agent
Jose Santana
Beachfront Realty Inc
Buyer's Agent
Alberto De Robles
Florida Realty of Miami Corp
List Price
$415,000
Sold Price
$395,000
Premium/Discount to List
-$20,000
-4.82%
Current Estimated Value
$792,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$397,173
Avg. Annual Appreciation
8.87%
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Semac Properties Llc $395,000 Attorney
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2018 01/09/18 Sold $395,000 -4.8% $218 / Sq Ft
09/12/2017 09/12/17 For Sale $415,000 -- $229 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $10,442 $480,319 -- --
2024 $9,227 $435,083 -- --
2023 $9,227 $395,530 $0 $0
2022 $8,013 $359,573 $0 $0
2021 $7,399 $326,885 $156,098 $170,787
2020 $7,458 $329,028 $156,098 $172,930
2019 $7,516 $331,173 $156,098 $175,075
2018 $0 $215,389 $0 $0
2017 $3,674 $181,554 $0 $0
2016 $3,492 $169,930 $0 $0
2015 $2,956 $160,188 $0 $0
2014 $2,956 $151,226 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10352163

MIAMI REALTORS® MLS

APN: 25-4006-001-0539