NOT LISTED FOR SALE

Estimated Value: $1,033,000 - $1,167,000

8 Beds
-- Bath
3,658 Sq Ft
$305/Sq Ft Est. Value

Last Sold November 09, 2020

Last sale price $735,000 $201 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $7,859/month

128 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • Fenced

About This Home

As of November 2020

Investors/Landlords: (4) Four Unit CBS multi-family building for sale in Coral Springs. All four units are (2) two bedrooms & (2) two baths, are separately metered and each unit has its own central AC. Each apartment has been updated with maple cabinets & wood vinyl floors. Each unit includes 2 assigned spaces for the tenant(s). The large backyard is shared by the tenants. Landscaping and tree removal has been done recently as well. *Please do not disturb tenants, drive by only until accepted contract.* This two story property offers a terrific opportunity for investors looking to capitalize on the economies of scale of multi family ownership and take advantage of the strong growth in South Florida population, rents & demand. Grow your rental portfolio by 4 units today.

Last Agent to Sell the Property

Jesse Winner

JW Florida Real Estate Services LLC License #3105576 Listed on: 06/03/2020

Last Buyer's Agent

Felitia Guobadia

Miami Blue Real Estate Service License #3108933

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,746

Year Built

  • Built in 1976

Lot Details

  • 10,114 Sq Ft Lot
  • Fenced

Home Design

  • Spanish Tile Roof
  • Tile Roof

Interior Spaces

  • 3,658 Sq Ft Home
  • 2-Story Property
  • Blinds

Flooring

  • Wood
  • Laminate

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 484117020290

Community Details

Overview

  • 4 Units
  • Glenwood Subdivision

Building Details

  • Operating Expense $23,079
  • Net Operating Income $45,921

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,746

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: Coral Ridge Dr, go South from Sawgrass. First Left South of Wiles Rd, Building 2nd property on the Right
  • Year Built: 1976
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Laminate, Wood
  • Living Area: 3658.0
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Fence
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Spanish Tile, Tile

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 484117020290
  • Lot Size Sq Ft: 10114.0
  • Zoning Description: MF
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 45921.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 23079.0

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 14746.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2020
Closed on
Nov 9, 2020
Sold by
Slcs Properties Llc
Bought by
Syril Johnny
Seller's Agent
Jesse Winner
JW Florida Real Estate Services LLC
Buyer's Agent
Felitia Guobadia
Miami Blue Real Estate Service
List Price
$799,900
Sold Price
$735,000
Premium/Discount to List
-$64,900
-8.11%
Current Estimated Value
$1,115,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$380,667
Avg. Annual Appreciation
10.45%
Original Mortgage
$763,224
Outstanding Balance
$689,920
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$492,080

Purchase Details

Listed on
Aug 2, 2018
Closed on
Nov 15, 2018
Sold by
Cr 45St Llc
Bought by
Slcs Properties Llc
Seller's Agent
Andrew Behm
Transworld Realty Services Inc
Buyer's Agent
Jesse Winner
JW Florida Real Estate Services LLC
List Price
$775,000
Sold Price
$700,000
Premium/Discount to List
-$75,000
-9.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.48%

Purchase Details

Listed on
Sep 30, 2015
Closed on
Mar 1, 2016
Bought by
Cr 45St Llc
Seller's Agent
Carlos Montoya
Fidelity Real Estate Group LLC
Buyer's Agent
Philip Rose
Douglas Elliman
List Price
$500,000
Sold Price
$460,000
Premium/Discount to List
-$40,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.03%

Purchase Details

Closed on
Oct 4, 2004
Sold by
Nair Gopinathan and Nair Shyamala
Bought by
Roberts Herbert and Roberts June

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,200
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
May 24, 1999
Sold by
Cristina Joseph and Cristina Marlies
Bought by
Nair Copinathan and Nair Shyamala

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,500
Interest Rate
6.87%
Mortgage Type
Commercial
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
Syril Johnny $735,000 Attorney
Slcs Properties Llc $700,000 Attorney
Cr 45St Llc $460,000 --
Roberts Herbert $449,000 Consolidated Title Co
Nair Copinathan $198,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Syril Johnny $763,224
Previous Owner Syril Johnny $763,224
Previous Owner Roberts Herbert $409,190
Previous Owner Roberts Herbert $420,000
Previous Owner Roberts Herbert $359,200
Previous Owner Nair Gopinanthan $100,000
Previous Owner Nair Copinathan $158,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2020 11/09/20 Sold $735,000 -8.1% $201 / Sq Ft
10/10/2020 10/10/20 Pending -- -- --
06/03/2020 06/03/20 For Sale $799,900 0.0% $219 / Sq Ft
05/20/2020 05/20/20 Rented $1,450 0.0% --
04/20/2020 04/20/20 Under Contract -- -- --
03/09/2020 03/09/20 For Rent $1,450 0.0% --
11/15/2018 11/15/18 Sold $700,000 -9.7% $100 / Sq Ft
10/16/2018 10/16/18 Pending -- -- --
08/02/2018 08/02/18 For Sale $775,000 +68.5% $110 / Sq Ft
03/14/2016 03/14/16 Sold $460,000 -8.0% $112 / Sq Ft
02/13/2016 02/13/16 Pending -- -- --
09/30/2015 09/30/15 For Sale $500,000 -- $122 / Sq Ft
Source: BeachesMLS

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 $21,371 $908,880 -- --
2024 $18,738 $908,880 -- --
2023 $18,738 $751,150 $70,800 $680,350
2022 $17,511 $711,170 $70,800 $640,370
2021 $16,225 $652,070 $70,800 $581,270
2020 $15,055 $610,420 $70,800 $539,620
2019 $14,746 $593,030 $70,800 $522,230
2018 $10,357 $455,710 $70,800 $384,910
2017 $9,187 $351,290 $0 $0
2016 $7,320 $250,220 $0 $0
2015 $6,767 $227,480 $0 $0
2014 $6,278 $206,800 $0 $0
2013 -- $202,340 $70,800 $131,540
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10627508

BeachesMLS

APN: 48-41-17-02-0290