NOT LISTED FOR SALE

Estimated Value: $1,401,751

9 Beds
5 Baths
3,842 Sq Ft
$365/Sq Ft Est. Value

Sale Details

Date Sold: September 26, 2018

Last sale price $1,500,000 $390 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $8,768 / mo

326 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Floranada Elementary School Rated A-
  • Storage
  • Landscaped

About This Home

As of September 2018

12 Unit package consisting of 9 units at 1611 & 1621 SW 6 Ave (adjacent) plus 3 units at 111 SW 14 Court, straddles both sides of McNab Road. Seller has completed many renovations & offers property in excellent condition with replaced windows, redone bathrooms & kitchens, tile floors, replaced appliances and central A/C(s) along with a 2015 roof. Great mix of unit sizes with 8 2/1’s & 1 3/2 included. After 20 years of ownership it is time to retire. Below market rents offer terrific upside potential!

Last Agent to Sell the Property

Ross Z. Herman

The Keyes Company License #372598 Listed on: 10/05/2017

The Keyes Company

Last Buyer's Agent

Ross Z. Herman

The Keyes Company License #372598 Listed on: 10/05/2017

The Keyes Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,401

Year Built

  • Built in 1966

Lot Details

  • 10,169 Sq Ft Lot
  • Landscaped

Home Design

  • Shingle Roof
  • Composition Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1-Story Property
  • Storage
  • Tile Flooring
  • Fire and Smoke Detector

Parking

  • 21 Parking Spaces
  • Common or Shared Parking

Additional Features

  • City Lot
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 494211150370

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $16,100
  • Maintenance Expense $8,340
  • Other Expense $147,682
  • New Taxes Expense $28,996
  • Operating Expense $65,551
  • Net Operating Income $98,645

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,401

Year Built

Built in 1966

Lot Details

10,169 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1966
  • Ownership: Sole Proprietor
  • Property Sub Type: Multi Family
  • Directions: Along McNab Road corridor (which is north of Commercial & south of Atlantic Boulevards) between Federal Highway & Dixie Highway.
  • Horses: No
  • Inclusions: Land Only, Business; Building And Land
  • New Construction: No
  • Road Frontage Type: City Street, City
  • Building Stories: 1
  • Structure Type: Multi Family
  • Year Built Details: Resale
  • LastStatus: Active
  • CurrentPrice: 1500000
  • ShowingTimeFlag: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Number Of Buildings: 3
  • Stories: 1

Exterior Features

  • Roof: Comp Shingle Roof, Composition Roll, Shingle
  • Construction Type: CBS Construction
  • Disclosures: Disclosure
  • Lot Features: City Location, 1/2 To Less Than 3/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Parking Features: Common
  • Total Parking Spaces: 21

Utilities

  • Sewer: Public Sewer, Public Sanitation, Sewer
  • Water Source: Public
  • Green Building Features: Laundry Facility, Landscaped, Laundry Facilities, City Licenses, Storage, Light Traffic
  • Cooling: Central Individual A/C, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Electric: Other Electric, Separate Meters
  • Electricity On Property: Yes
  • Security: Smoke Alarm, Smoke Detector(s), Smoke Detector

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 494211150370
  • Current Use: Income Non-Waterfront
  • Lot Size Sq Ft: 10169
  • Zoning: RM-20

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Net Operating Income: 98645
  • Insurance Expense: 16100
  • Maintenance Expense: 8340
  • Number Of Units In Community: 12
  • Number Of Units Total: 12
  • Annual Operating Expense: 65551

Tax Info

  • Tax Year: 2016
  • New Taxes Expense: 28996
  • Tax Annual Amount: 15401

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
Oct 5, 2017
Closed on
Sep 26, 2018
Sold by
Bought by
Seller's Agent
Ross Z. Herman
The Keyes Company
Buyer's Agent
Ross Z. Herman
The Keyes Company
List Price
$1,695,000
Sold Price
$1,500,000
Premium/Discount to List
-$195,000
-11.5%
Current Estimated Value
$1,401,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$98,249
Avg. Annual Appreciation
-0.87%

Purchase Details

Closed on
Feb 27, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
7.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 8, 1996
Sold by
Bought by
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

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
$594,300 Attorney
$165,000 --
$29,700 --
$300,000 --
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
Previous Owner $115,500
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
09/26/2018 09/26/18 Sold $1,500,000 -11.5% $390 / Sq Ft
08/27/2018 08/27/18 Pending -- -- --
10/05/2017 10/05/17 For Sale $1,695,000 -- $441 / Sq Ft
Source: MIAMI REALTORS® MLS

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
2026 $14,534 $639,270 $65,800 $573,470
2025 $13,696 $646,170 $65,800 $580,370
2024 $13,468 $606,490 $65,800 $540,690
2023 $13,468 $585,790 $65,800 $519,990
2022 $12,471 $540,000 $0 $0
2021 $10,973 $490,910 $65,800 $425,110
2020 $10,820 $491,680 $65,800 $425,880
2019 $11,333 $539,990 $65,800 $474,190
2018 $7,741 $405,430 $65,800 $339,630
2017 $6,772 $286,260 $0 $0
2016 $6,035 $260,240 $0 $0
2015 $5,568 $236,590 $0 $0
2014 $5,115 $215,090 $0 $0
2013 -- $211,850 $65,800 $146,050
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: F10088064

MIAMI REALTORS® MLS

APN: 49-42-11-15-0370

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