NOT LISTED FOR SALE

1165 Cabana Rd Riviera Beach, FL 33404

Estimated Value: $1,101,000 - $1,259,000

3 Beds
6 Baths
2,813 Sq Ft
$415/Sq Ft Est. Value

Last Sold October 10, 2024

Last sale price $1,175,000 $418 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $7,582/month

124 Days on Market

Highlights

  • Private Pool
  • No HOA
  • Tile Flooring
  • William T. Dwyer High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System

About This Home

As of October 2024

Income-Producing Multifamily or Redevelopment Opportunity. Cabana complex allows you to run annual or vacation rental business in this high-demand location. Steps away from the beach, shops, restaurants and entertainment. Annual leases in place.

Last Agent to Sell the Property

Roman Fischer

FPB Investment Properties, Inc License #3284948 Listed on: 04/04/2024

Last Buyer's Agent

Roman Fischer

FPB Investment Properties, Inc License #3284948 Listed on: 04/04/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,151

Year Built

  • Built in 1957

Home Design

  • Triplex
  • Concrete Roof

Interior Spaces

  • 6 Bathrooms
  • 2,813 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Private Pool
  • Sprinkler System

Listing and Financial Details

  • Assessor Parcel Number 56434227020020032

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Yacht Harbor Repl In Subdivision

Recreation

  • Community Pool

Building Details

  • Gross Income $116,640
  • Net Operating Income $79,872

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,151

Year Built

Built in 1957

Lot Details

0 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: singer island from Blue Heron to Park Ave and then Cabana Rd
  • Year Built: 1957
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2813.0

Exterior Features

  • Lot Features: Sprinklers Automatic
  • Pool Features: Association
  • Pool Private: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Concrete

Utilities

  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Pool
  • Association: No

Lot Info

  • Parcel #: 56434227020020032
  • Mobile Dim Units: Feet
  • Zoning: OP

Rental Info

  • Tenant Pays: None

Multi Family

  • Property Net Operating Income: 79872.0
  • Number Of Units In Community: 3
  • Annual Gross Income: 116640.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 18151.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2024
Closed on
Oct 8, 2024
Sold by
Rankins John T
Bought by
368 E 148Th Street Associates Llc
Seller's Agent
Roman Fischer
FPB Investment Properties, Inc
Buyer's Agent
Roman Fischer
FPB Investment Properties, Inc
List Price
$1,450,000
Sold Price
$1,175,000
Premium/Discount to List
-$275,000
-18.97%
Views
25
Current Estimated Value
$1,168,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,559
Avg. Annual Appreciation
-0.39%

Purchase Details

Listed on
Jul 31, 2020
Closed on
Jan 22, 2021
Sold by
Phoenix Cabana Llc
Bought by
Rankins John T
Seller's Agent
Roman Fischer
FPB Investment Properties, Inc
Buyer's Agent
Roman Fischer
FPB Investment Properties, Inc
List Price
$2,570,000
Sold Price
$980,000
Premium/Discount to List
-$1,590,000
-61.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.04%
Original Mortgage
$200,000
Interest Rate
2.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 2019
Sold by
1165 Cabana Rd Partners Llc
Bought by
Phoenix Cabana Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 18, 2016
Sold by
Boris Gulkhovskiy
Bought by
1165 Cabana Rd Partners Llc

Purchase Details

Closed on
Aug 31, 2015
Sold by
Sedor Michael R
Bought by
Glukhovskiy Boris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2015
Sold by
Sedor Stephen and Sedor Mary
Bought by
Kontogiannis Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,924
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 15, 2000
Sold by
Cocilova Pamela A
Bought by
Sedor Michael R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
368 E 148Th Street Associates Llc $1,175,000 None Listed On Document
Rankins John T $980,000 Attorney
Phoenix Cabana Llc $612,500 None Available
1165 Cabana Rd Partners Llc $575,000 None Available
Glukhovskiy Boris $319,000 Clear To Close Title Svcs In
Kontogiannis Christina $225,000 Sunbelt Title Agency
Sedor Michael R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rankins John T $200,000
Previous Owner Phoenix Cabana Llc $484,000
Previous Owner Glukhovskiy Boris $160,000
Previous Owner Kontogiannis Christina $220,924
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/10/2024 10/10/24 Sold $1,175,000 -6.0% $418 / Sq Ft
07/18/2024 07/18/24 Price Changed $1,250,000 -3.8% $444 / Sq Ft
05/20/2024 05/20/24 Price Changed $1,300,000 -3.7% $462 / Sq Ft
04/29/2024 04/29/24 Price Changed $1,350,000 -3.6% $480 / Sq Ft
04/19/2024 04/19/24 Price Changed $1,400,000 -3.4% $498 / Sq Ft
04/04/2024 04/04/24 For Sale $1,450,000 +48.0% $515 / Sq Ft
02/01/2021 02/01/21 Sold $980,000 -61.9% $127 / Sq Ft View Prior Sale
01/02/2021 01/02/21 Pending -- -- --
07/31/2020 07/31/20 For Sale $2,570,000 -- $333 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $18,018 $859,296 -- --
2024 $18,018 $858,664 -- --
2023 $18,151 $859,800 $534,188 $325,612
2022 $16,858 $782,813 $0 $0
2021 $10,847 $485,393 $262,608 $222,785
2020 $9,953 $440,454 $262,608 $177,846
2019 $9,723 $430,545 $250,120 $180,425
2018 $8,606 $384,572 $242,813 $141,759
2017 $8,465 $373,009 $231,250 $141,759
2016 $6,938 $296,970 $0 $0
2015 $6,980 $290,974 $0 $0
2014 $6,936 $280,079 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10975029

BeachesMLS (Greater Fort Lauderdale)

APN: 56-43-42-27-02-002-0032

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