NOT LISTED FOR SALE

Estimated Value: $355,000 - $470,000

3 Beds
2 Baths
1,137 Sq Ft
$349/Sq Ft Est. Value

Last Sold May 08, 2024

Last sale price $370,000 $325 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,423/month

140 Days on Market

Highlights

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

About This Home

As of May 2024

Brownsville Duplex.  Two separate buildings, a 2bed/1ba with central a/c and a 1 bed/ 1ba.  Lovely location in a private and fenced-in lot, with lush landscaping providing wonderful shade for the tenants on those hot Miami days.  Current NOI of $20k, raisable to Proforma NOI of $25k, and close to a 7% cap at asking price.  Get some of the Champ’s magic by investing in this duplex which is one block away from Muhamad Ali’s historic Miami home.  Brownsville represents one of the city next frontiers, as gentrification at the center pushes more and more of Miami’s solid working classes homeowners and renters to this area.  The perfect first time investment.

Last Agent to Sell the Property

Frank Campos

Campos Commercial Real Estate LLC License #3368417 Listed on: 11/27/2023

Co-Listed By

Vicente Rodriguez

Fausto Commercial Realty Consultants Inc License #3289280

Last Buyer's Agent

Carlos Fausto Miranda

Fausto Commercial Realty Consultants Inc License #3129999

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,341

Year Built

  • Built in 1937

Lot Details

  • 4,922

Parking

  • 3 Parking Spaces

Home Design

  • Duplex
  • Flat Tile Roof

Interior Spaces

  • 1,137 Sq Ft Home
  • 1-Story Property
  • Concrete Flooring

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units
  • 17Th Ave Manor 2Nd Addn Condos
  • 17Th Ave Manor 2Nd Addn Subdivision

Listing and Financial Details

  • Rent includes water
  • Assessor Parcel Number 01-31-22-047-0490

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,341

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1937
  • Property Sub Type: Duplex
  • Architectural Style: Detached
  • Co List Office Mls Id: FAUS01
  • Co List Office Phone: 305-431-2258
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: 17TH AVE MANOR 2ND ADDN
  • Year Built Details: Effective Year Built
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Concrete
  • Living Area: 1137
  • Possible Use: Investment
  • Stories: 1

Exterior Features

  • Roof: Flat Tile
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: 17TH AVE MANOR 2ND ADDN
  • Total Parking Spaces: 3

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: 01-31-22-047-0490
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Water

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3341

Multi Family

  • Number Of Units In Community: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2023
Closed on
Apr 12, 2024
Sold by
Global Rei Group Llc
Bought by
Orella Construction Llc
Seller's Agent
Frank Campos
Campos Commercial Real Estate LLC
Buyer's Agent
Carlos Fausto Miranda
Fausto Commercial Realty Consultants Inc
List Price
$370,000
Sold Price
$370,000
Views
107
Current Estimated Value
$388,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,721
Avg. Annual Appreciation
5.81%
Original Mortgage
$302,400
Interest Rate
6.88%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 18, 2011
Sold by
Olivares Victor
Bought by
Global Rei Group Llc

Purchase Details

Closed on
Oct 24, 2007
Sold by
Roma & Associates Llc
Bought by
Olivares Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,750
Interest Rate
6.27%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 7, 2007
Sold by
Fremont Investment & Loan
Bought by
Roma & Associates Llc

Purchase Details

Closed on
Mar 7, 2007
Sold by
Gomez Luz M and Gomez Marina
Bought by
Fremont Investment & Loan

Purchase Details

Closed on
Oct 14, 2005
Sold by
Diaz Christian S and Diaz Litsy
Bought by
Gomez Luz M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
5.71%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 26, 2003
Sold by
Melmon Investment Corp
Bought by
Diaz Christian S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,110
Interest Rate
5.88%

Purchase Details

Closed on
Aug 15, 2002
Sold by
Antonio Melero M and Antonio Ileana M
Bought by
Melmon Investments Corp

Purchase Details

Closed on
Nov 28, 2001
Sold by
Jeffrey M Fenster I
Bought by
Prato Ernesto
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Orella Construction Llc $338,000 None Listed On Document
Global Rei Group Llc $36,000 Attorney
Olivares Victor $245,000 Unity Title & Escrow Inc
Roma & Associates Llc $120,000 Attorney
Fremont Investment & Loan $60,100 None Available
Gomez Luz M $175,000 --
Diaz Christian S $63,000 --
Melmon Investments Corp -- --
Prato Ernesto $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Orella Construction Llc $302,400
Previous Owner Olivares Victor $232,750
Previous Owner Gomez Luz M $140,000
Previous Owner Diaz Christian S $61,110
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2024 05/08/24 Sold $370,000 0.0% $325 / Sq Ft
04/15/2024 04/15/24 Pending -- -- --
12/15/2023 12/15/23 For Sale $370,000 0.0% $325 / Sq Ft
12/06/2023 12/06/23 Pending -- -- --
11/27/2023 11/27/23 For Sale $370,000 -- $325 / 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 $3,664 $295,094 $187,264 $107,830
2024 $3,341 $81,689 -- --
2023 $3,341 $74,263 $0 $0
2022 $3,056 $67,512 $0 $0
2021 $2,694 $61,375 $0 $0
2020 $2,443 $125,214 $60,236 $64,978
2019 $2,314 $116,667 $51,689 $64,978
2018 $2,015 $89,090 $27,472 $61,618
2017 $1,763 $41,921 $0 $0
2016 $1,656 $38,110 $0 $0
2015 $1,540 $34,646 $0 $0
2014 $1,500 $31,497 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11490896

MIAMI REALTORS® MLS

APN: 01-3122-047-0490