NOT LISTED FOR SALE

159 NE 5th Ave Unit 1 Deerfield Beach, FL 33441

Estimated Value: $825,540 - $1,024,000

5 Beds
3 Baths
2,913 Sq Ft
$326/Sq Ft Est. Value

Last Sold May 10, 2022

Last sale price $925,000 $318 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $6,345/month

67 Days on Market

Highlights

  • Impact Glass
  • Central Heating and Cooling System
  • 5-minute walk to Pioneer Park
  • Tile Flooring
  • Fenced

About This Home

As of May 2022

Opportunity to own a immediate income generating multi unit property in bustling South Florida. Fully upgraded, painted, and close to some premier beaches, night life, & dining SF has to offer. Also neighboring Pioneer Park tennis courts, baseball fields, playgrounds, and ocean access boat ramp makes this a very attractive income property.CURRENLY FULLY RENTED UNDER MARKET VALUE, DO NOT DISTURB TENANTS, RIGHT TO INSPECT AND VIEW ONLY AFTER A NEGOIATED CONTRACT IS COMPLETED.

Last Agent to Sell the Property

Robert Abrams

RE/MAX Gold License #3376168 Listed on: 02/01/2022

RE/MAX Gold

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,738

Year Built

  • Built in 1970

Lot Details

  • 9,536 Sq Ft Lot
  • Fenced

Home Design

  • Triplex
  • Concrete Roof

Interior Spaces

  • 2,913 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Impact Glass

Schools

  • Deerfield Beach Elementary And Middle School
  • Deerfield Beach High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 474331010340

Community Details

Overview

  • 3 Units
  • Deerfield Dev & Land Co S Subdivision

Building Details

  • Operating Expense $10,000
  • Net Operating Income $52,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,738

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: Hillsboro blvd, north on ne 5th, property on left
  • Year Built: 1970
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2913.0
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Fence
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Concrete

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • 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

Schools

  • Elementary School: Deerfield Beach
  • High School: Deerfield Beach
  • Middle Or Junior School: Deerfield Beach

Lot Info

  • Parcel #: 474331010340
  • Lot Size: < 1/4 Acre
  • Lot Size Sq Ft: 9536.0
  • Zoning Description: Multifam
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 52400.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 10000.0

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 7738.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2022
Closed on
May 10, 2022
Sold by
Strategy Z Llc
Bought by
One Ocean Group Llc
Seller's Agent
Robert Abrams
RE/MAX Gold
List Price
$900,000
Sold Price
$925,000
Premium/Discount to List
$25,000
2.78%
Current Estimated Value
$948,385

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,385
Avg. Annual Appreciation
0.68%

Purchase Details

Closed on
Sep 18, 2019
Sold by
Keshishian Diana and Keshishian Yervant P
Bought by
Stategy Z Llc

Purchase Details

Closed on
Jul 17, 2006
Sold by
Foster Vicki L
Bought by
Keshishian Yervant and Keshishian Diana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$298,200
Interest Rate
6.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 11, 2000

Purchase Details

Closed on
Apr 12, 2000
Sold by
Fertil Pierre Renel and Dorlus Noelcius
Bought by
Larouche Reine

Purchase Details

Closed on
Jun 30, 1993
Sold by
Chang Lily
Bought by
Renel Fertil Pierre and Dorlus Noelcius

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,983
Interest Rate
7.49%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
One Ocean Group Llc $925,000 Asr Law Firm Pl
Stategy Z Llc $457,300 None Available
Keshishian Yervant $426,000 Attorney
-- $10,000 --
Larouche Reine $130,000 --
Renel Fertil Pierre $121,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Keshishian Yervant $298,200
Previous Owner Larouche Reine $136,829
Previous Owner Larouche Reine $25,000
Previous Owner Renel Fertil Pierre $120,983
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2022 05/10/22 Sold $925,000 +2.8% $318 / Sq Ft
04/10/2022 04/10/22 Pending -- -- --
02/01/2022 02/01/22 For Sale $900,000 0.0% $309 / Sq Ft
07/06/2015 07/06/15 For Rent $1,450 -10.8% --
07/06/2015 07/06/15 Rented $1,625 -- --
Source: BeachesMLS (Greater Fort Lauderdale)

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 $17,217 $806,800 $57,220 $749,580
2024 $17,396 $806,800 $57,220 $749,580
2023 $17,396 $806,800 $57,220 $749,580
2022 $7,924 $357,690 $57,220 $300,470
2021 $7,738 $353,190 $57,220 $295,970
2020 $7,733 $353,190 $57,220 $295,970
2019 $6,116 $277,780 $57,220 $220,560
2018 $5,876 $319,420 $57,220 $262,200
2017 $5,406 $223,520 $0 $0
2016 $4,899 $195,750 $0 $0
2015 $4,332 $177,960 $0 $0
2014 $4,041 $161,790 $0 $0
2013 -- $157,440 $57,220 $100,220
Source: Public Records

Agents Affiliated with this Home

  • Robert Abrams

    Seller's Agent in 2022

    Robert Abrams

    RE/MAX

    (856) 625-8697

    38 Total Sales

    Robert Abrams
    Section Image

  • H

    Seller's Agent in 2015

    Harry Moumdjian

    LoKation

    (561) 267-3626

    32 Total Sales

    Harry Moumdjian
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10773784

BeachesMLS (Greater Fort Lauderdale)

APN: 47-43-31-01-0340

Florida Broward County Deerfield Beach 33441

159 NE 5th Ave Unit 1, Deerfield Beach, FL

Not Listed for Sale

MultiFamily

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