$660,000
SOLD SEP 30, 2024
-- Bed
-- Bath
1,586 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$416 Per Sq Ft

104 Days on Market

Highlights

  • No HOA
  • Patio
  • Central Heating and Cooling System
  • Concrete Block With Brick
  • Ceramic Tile Flooring
  • 1-Story Property

About This Home

As of September 2024

Fantastic Find! PERFECT FOR OWNER OCCUPIED OR INVESTOR. this Duplex with Huge Income Potential. Both units are spacious, plus an additional 1/1 studio with parking up to 6 cars. Large private Fenced yards. All the units are occupied by long term tenants. OWNER PAY UTILITIES, UNCLUDING WATER. PROJECTED ANNUAL GROSS INCOME Is around $81,000.00. Annual Expenses includes: Taxes $1,430.00; Insurance $6,700.00; Internet $1,080.00; FPL (2 METERS) APROX $4,716.00; WATER BILL $800.00 TOTALING $14,726.00. PROJECTED NOI $66,274.00 POTENTIAL 8% CAP RATE! GREAT RENTAL POTENTIAL. Property is LOCATED MINUTES to Downtown Miami, Wynwood, Miami District Design. Close to Highway I-95, easy access to Palmetto 826.

Last Agent to Sell the Property

Idania Miranda

Premium Estates Realty Corp License #3137564 Listed on: 04/24/2024

Last Buyer's Agent

Idania Miranda

Premium Estates Realty Corp License #3137564 Listed on: 04/24/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,479

Year Built

  • Built in 1935

Parking

  • 6 Parking Spaces

Home Design

  • Duplex
  • Concrete Block With Brick
  • Shingle Roof

Interior Spaces

  • 1,586 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Additional Features

  • Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $6,750
  • Rent includes cable TV, electricity, sewer, water
  • Assessor Parcel Number 01-31-26-036-1420

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Santa Clara Sub Condos
  • Santa Clara Sub Subdivision

Building Details

  • Operating Expense $16,692
  • Net Operating Income $64,308

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,479

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1935
  • Property Sub Type: Duplex
  • Architectural Style: Detached
  • Directions: USE GPS
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: SANTA CLARA SUB
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Spa Yn: No
  • Flooring: Ceramic Floor, Other
  • Living Area: 1586
  • Possible Use: Investment
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Exterior Features: Other
  • Construction Type: Concrete Block With Brick
  • Disclosures: Disclosure
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: SANTA CLARA SUB
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • 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: 01-31-26-036-1420
  • Zoning: 4801
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Cable TV, Electricity, Sewer, Water

Multi Family

  • Net Operating Income: 64308
  • Number Of Units In Community: 3
  • Annual Operating Expense: 16692
  • Total Actual Rent: 6750

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 1479

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2024
Closed on
Sep 30, 2024
Sold by
Sotolongo Rosa
Bought by
Torres Enrique and Ochoa Paulina M
Seller's Agent
Nicole Hernandez
Avanti Way Brickell
Buyer's Agent
Jths Accounting
MIAMI Association of REALTORS®
Sold Price
$3,100
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.41%
Original Mortgage
$528,000
Outstanding Balance
$523,483
Interest Rate
6.35%
Mortgage Type
Credit Line Revolving
Estimated Equity
$159,975

Purchase Details

Closed on
Apr 5, 2023
Sold by
Sotolongo Rosa M
Bought by
Sotolongo Rosa M

Purchase Details

Closed on
Jul 8, 2010
Sold by
Rodriguez Jose A and Murillo Elvia
Bought by
Herrera Juan B and Sotolongo Rosa

Purchase Details

Closed on
Nov 20, 2009
Sold by
Aguilar Carlos
Bought by
Rodriguez Jose A and Murillo Elvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,460
Interest Rate
4.94%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 5, 2006
Sold by
Lugo Jose and Lugo Guillermo
Bought by
Aguilar Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,500
Interest Rate
9.27%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 4, 2005
Sold by
Lugo Tomasa
Bought by
Lugo Tomasa and Lugo Guillermo
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $660,000 Unlimited Title Group
Warranty Deed -- None Listed On Document
Quit Claim Deed $42,000 Attorney
Warranty Deed $85,000 Attorney
Warranty Deed $250,000 Attorney
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $528,000 Credit Line Revolving
Previous Owner $100,500 New Conventional
Previous Owner $83,460 FHA
Previous Owner $237,500 Unknown
Previous Owner $100,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2025 07/16/25 For Rent $2,300 -25.8% --
11/28/2024 11/28/24 Rented $3,100 0.0% --
11/22/2024 11/22/24 Price Changed $3,100 -6.1% $2 / Sq Ft
11/13/2024 11/13/24 For Rent $3,300 0.0% --
09/30/2024 09/30/24 Sold $660,000 0.0% $416 / Sq Ft
08/06/2024 08/06/24 Pending -- -- --
04/24/2024 04/24/24 For Sale $660,000 -- $416 / 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 $1,536 $336,173 $282,500 $53,673
2024 $1,479 $117,108 -- --
2023 $1,479 $113,698 $0 $0
2022 $1,496 $110,387 $0 $0
2021 $1,467 $107,172 $0 $0
2020 $1,443 $105,693 $0 $0
2019 $1,395 $103,317 $0 $0
2018 $1,322 $101,391 $0 $0
2017 $1,316 $99,306 $0 $0
2016 $1,964 $97,264 $0 $0
2015 $1,662 $72,130 $0 $0
2014 $1,237 $68,315 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11574836

MIAMI REALTORS® MLS

APN: 01-3126-036-1420