NOT LISTED FOR SALE

Estimated Value: $620,000 - $765,000

8 Beds
5 Baths
1,270 Sq Ft
$526/Sq Ft Est. Value

Last Sold March 17, 2023

Last sale price $300,000 $236 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $4,357/month

5 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property
  • Tile Flooring

About This Home

As of March 2023

Attention all investors!! This multifamily is now available for a cash-only deal. Building is a knockdown and selling for land value.

This property is a smart investment choice with its current monthly rental income of $4,000, making it the perfect addition to your real estate portfolio. With its desirable location, this property has the potential to provide a steady stream of income for years to come.

Both 3/2's Tenant occupied. Great location, making it the ideal choice for families or renters.

Don't miss out on this exceptional investment opportunity! Contact us today to schedule a viewing and take the first step towards securing your financial future.

Last Agent to Sell the Property

Marlon Bellmas

MMLS Assoc.-Inactive Member License #3514460 Listed on: 02/10/2023

MMLS Assoc.-Inactive Member

Last Buyer's Agent

NON-MLS MEMBER

MAR NON MLS MEMBER License #SEF

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,071

Year Built

  • Built in 1924

Lot Details

  • 5,358

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,270 Sq Ft Home
  • 1-Story Property

Flooring

  • Tile
  • Vinyl

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Bon Aire Condos
  • Bon Aire Subdivision

Listing and Financial Details

  • Rent includes electricity, water
  • Assessor Parcel Number 01-31-26-051-1240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,071

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1924
  • Property Sub Type: Duplex
  • Architectural Style: Attached
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: BON AIRE
  • Year Built Details: Effective Year Built
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile, Vinyl
  • Living Area: 1270
  • Possible Use: Investment
  • Stories: 1

Exterior Features

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

Garage/Parking

  • Park Building Name: BON AIRE
  • Total Parking Spaces: 4

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: 01-31-26-051-1240
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Electricity, Water

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2071

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2023
Closed on
Mar 17, 2023
Sold by
Espada Carlos E Mendez
Bought by
Ri Properties Llc
Seller's Agent
Marlon Bellmas
MMLS Assoc.-Inactive Member
Buyer's Agent
NON-MLS MEMBER
MAR NON MLS MEMBER
List Price
$400,000
Sold Price
$300,000
Premium/Discount to List
-$100,000
-25%
Views
21
Current Estimated Value
$668,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$368,004
Avg. Annual Appreciation
32.17%

Purchase Details

Closed on
Apr 12, 2006
Sold by
Tefran Inc
Bought by
Mendez Raul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
8.65%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 11, 1998
Sold by
County Of Dade
Bought by
Southern Bay Enterprise Inc Tr

Purchase Details

Closed on
Sep 9, 1998
Sold by
Southern Bay Enterprises Inc
Bought by
Tefran Inc

Purchase Details

Closed on
Jan 25, 1994
Sold by
Saldivar Norma A
Bought by
Saldivar Crecensio
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
Ri Properties Llc $300,000 Unlimited Title Group
Mendez Raul $180,000 J & E Universal Title Svcs
Southern Bay Enterprise Inc Tr $5,400 --
Tefran Inc -- None Available
Saldivar Crecensio -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mendez Raul $153,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2023 03/17/23 Sold $300,000 -25.0% $236 / Sq Ft
02/19/2023 02/19/23 For Sale $400,000 0.0% $315 / Sq Ft
02/16/2023 02/16/23 Pending -- -- --
02/10/2023 02/10/23 For Sale $400,000 -- $315 / 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 $10,615 $487,705 $214,000 $273,705
2024 $5,512 $472,981 $197,795 $275,186
2023 $5,512 $213,604 $0 $0
2022 $2,158 $42,603 $0 $0
2021 $2,016 $39,603 $0 $0
2020 $1,706 $80,383 $0 $0
2019 $1,576 $66,878 $0 $0
2018 $1,499 $62,605 $0 $0
2017 $1,441 $30,393 $0 $0
2016 $1,329 $28,525 $0 $0
2015 $1,298 $26,978 $0 $0
2014 $1,195 $25,552 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11341474

MIAMI REALTORS® MLS

APN: 01-3126-051-1240