NOT LISTED FOR SALE
-- Beds
1 Bath
7,209 Sq Ft
1954 Built

Sale Details

Date Sold: June 21, 2022

Last sale price $2,900,000 $402 Per Sq Ft

57 Days on Market

Highlights

  • No HOA
  • Heating Available
  • 4-minute walk to Flamingo Park
  • Ceramic Tile Flooring

About This Home

As of June 2022

OPPORTUNITY IN SOUTH BEACH. EXCEPTIONAL PROPERTY IN SOUTH BEACH JUST BLOCKS FROM THE BEACH. FOURTEEN UNIT FULLY OCCUPIED MULTI-FAMILY APARTMENT BUILDING ON A 7,000 SF LOT ZONED RM-1. TWELVE STUDIOS LEASED AT AN AVERAGE OF $1,225 PER MONTH, AND TWO ONE-BEDROOM UNITS LEASED AT AN AVERAGE OF $1,605 PER MONTH. EACH UNIT HAS TWO ACCESS DOORS. ALL UNITS ARE FULLY EQUIPPED AND ARE INDIVIDUALLY METERED FOR ELECTRICITY KEEPING OPERATING EXPENSES VERY LOW. ALWAYS FULLY RENTED ON YEAR-LONG LEASES. THERE ARE HARDLY EVER VACANCIES IN THIS 2-STORY APARTMENT BUILDING. LONG TERM TENANTS. COIN OPERATED WASHER AND DRYER IN BUILDING. UNIQUE INVESTMENT OPPORTUNITY TO OWN A PROFITABLE BUILDING IN THE HEART OF SOUTH BEACH.

Last Buyer's Agent

Harry Baxter

Fortune Christie's International Real Estate License #3080842

Fortune Christie's International Real Estate
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $39,002

Year Built

  • Built in 1954

Home Design

  • Quadruplex
  • Concrete Roof

Interior Spaces

  • 7,209 Sq Ft Home
  • 2-Story Property

Flooring

  • Ceramic Tile
  • Vinyl

Utilities

  • Cooling Available
  • Heating Available
  • Separate Meters
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0242030090850

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Ocean Beach Addn No 3 Subdivision

Building Details

  • Gross Income $2,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$39,002

Year Built

Built in 1954

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Year Built: 1954
  • Structure Type: Multi Family
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Living Area: 7209.0
  • Stories: 2

Exterior Features

  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block
  • Roof: Concrete

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric, Separate Meters
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 0242030090850
  • Mobile Dim Units: Feet
  • Zoning: 3900

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 39002.0

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Annual Gross Income: 2800.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2022
Closed on
Jun 22, 2022
Sold by
M & S Markets Inc
Bought by
Buyer's Agent
Harry Baxter
Fortune Christie's International Real Estate
List Price
$3,300,000
Sold Price
$2,900,000
Premium/Discount to List
-$400,000
-12.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,550,000
Outstanding Balance
$3,327,567
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2011
Sold by
Yativ Yossi and Yativ Lillian
Bought by
M & S Markets Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
4.74%
Mortgage Type
Seller Take Back
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Flamingo, FL

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,900,000 Langen & Langen Pa
M & S Markets Inc $1,250,000 Attorney
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $3,550,000
Previous Owner M & S Markets Inc $300,000
Previous Owner M & S Markets Inc $625,000
Previous Owner Yativ Yossi $1,225
Previous Owner Yativ Yossi $200,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/21/2022 06/21/22 Sold $2,900,000 -12.1% $402 / Sq Ft
06/01/2022 06/01/22 Pending -- -- --
04/05/2022 04/05/22 For Sale $3,300,000 -- $458 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $45,962 $2,450,000 $1,260,000 $1,190,000
2024 $44,596 $2,596,000
2023 $44,596 $2,360,000 $1,449,000 $911,000
2022 $41,712 $2,220,000 $1,449,000 $771,000
2021 $39,002 $2,020,000 $1,449,000 $571,000
2020 $40,326 $2,083,000 $1,449,000 $634,000
2019 $41,013 $2,393,000 $1,386,000 $1,007,000
2018 $0 $2,385,000 $1,386,000 $999,000
2017 $33,103 $1,615,496 $0 $0
2016 $29,914 $1,468,633 $0 $0
2015 $20,534 $1,335,121 $0 $0
2014 $20,534 $1,213,747 $0 $0
Source: Public Records

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: A11184974

BeachesMLS (Greater Fort Lauderdale)
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