NOT LISTED FOR SALE

186 E 27th St Riviera Beach, FL 33404

Inlet Shores Neighborhood

Estimated Value: $411,000 - $553,000

4 Beds
2 Baths
1,820 Sq Ft
$260/Sq Ft Est. Value

Last Sold February 26, 2021

Last sale price $349,950 $192 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $3,019/month

14 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Central Heating

About This Home

As of February 2021

TURN KEY income property completely renovated and ready for years of cash flow. One unit is currently leased at $1500/ month. Live in one side and let your tenant pay your mortage or lease both units for a 3k monthly cash flow. Renovations include, central air (seperate systems for both units), brand new appliances include: washer /dryer, dishwasher; fridge, microwave, electric range oven, all new cabinents throughout, granite countertops, new baseboards, trim and paint recessed lighting in kitchen, bathroom, living room, vinyl plank flooring throughout. All renovations are permitted through Riveria Beach. Walk to publix and Phil Foster park. Airbnb is ok. No HOA. 4 clean parking spots

Last Agent to Sell the Property

Evan Davis

Resource Realty and Renovation License #3395900 Listed on: 01/12/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,356

Year Built

  • Built in 1946

Lot Details

  • 4,922

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,820 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Tile

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 56434228130000200

Community Details

Overview

  • Association fees include water
  • 2 Units
  • Inlet Shores Subdivision

Building Details

  • Operating Expense $4,000
  • Net Operating Income $32,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,356

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: 186 east 27th street
  • Year Built: 1946
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Carpet, Tile
  • Living Area: 1820.0

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Water

Lot Info

  • Parcel #: 56434228130000200
  • Zoning Description: RMH-15 (

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 32000.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 4000.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 2356.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2024
Sold by
Belizaire Thony
Bought by
Nagesh Govindraj and Nagesh Sandhya
Current Estimated Value
$473,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,375
Outstanding Balance
$308,202
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$165,445

Purchase Details

Listed on
Jan 12, 2021
Closed on
Feb 26, 2021
Sold by
Bravotex Properties 186 Llc
Bought by
Belizaire Thony
Seller's Agent
Evan Davis
Resource Realty and Renovation
List Price
$349,950
Sold Price
$349,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.43%
Original Mortgage
$339,950
Interest Rate
2.7%
Mortgage Type
VA

Purchase Details

Listed on
May 20, 2020
Closed on
Jun 5, 2020
Sold by
Luckart Richard and Luckart Barbara
Bought by
Bravotex Properties 186 Llc
Seller's Agent
Luke Mauger, P.A.
BAWONS Properties, Inc
List Price
$220,000
Sold Price
$200,000
Premium/Discount to List
-$20,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
115.20%

Purchase Details

Closed on
Feb 7, 1995
Sold by
Fed Natl Mtg Assn
Bought by
Luckart Richard and Luckart Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,200
Interest Rate
9.18%

Purchase Details

Closed on
Mar 4, 1994
Sold by
Midland Mtg Co
Bought by
Fed Natl Mtg Assn

Purchase Details

Closed on
Feb 14, 1994
Sold by
Clerk Circuit Court
Bought by
Midland Mtg Co
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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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
Nagesh Govindraj $416,500 Harbour Land Title
Belizaire Thony $349,950 Title Company Of South Fl
Bravotex Properties 186 Llc $200,000 New Path Title Llc
Luckart Richard $48,000 --
Fed Natl Mtg Assn -- --
Midland Mtg Co -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nagesh Govindraj $312,375
Previous Owner Belizaire Thony $339,950
Previous Owner Luckart Richard $43,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/26/2021 02/26/21 Sold $349,950 0.0% $192 / Sq Ft
01/27/2021 01/27/21 Pending -- -- --
01/12/2021 01/12/21 For Sale $349,950 +75.0% $192 / Sq Ft
06/05/2020 06/05/20 Sold $200,000 -9.1% $110 / Sq Ft View Prior Sale
05/22/2020 05/22/20 Pending -- -- --
05/20/2020 05/20/20 For Sale $220,000 -- $121 / Sq Ft
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 $6,501 $366,907 -- --
2024 $6,501 $347,317 -- --
2023 $6,222 $325,767 $0 $0
2022 $5,775 $305,885 $0 $0
2021 $5,419 $239,981 $46,500 $193,481
2020 $2,357 $119,270 $36,000 $83,270
2019 $2,250 $117,172 $32,100 $85,072
2018 $1,943 $97,385 $30,736 $66,649
2017 $1,800 $87,356 $26,727 $60,629
2016 $1,671 $60,834 $0 $0
2015 $1,526 $55,304 $0 $0
2014 $1,430 $50,276 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2021

    Evan Davis

    Resource Realty and Renovation

    (561) 758-4044

    1 in this area

    5 Total Sales

    Evan Davis
    Section Image
  • Luke Mauger, P.A.

    Seller's Agent in 2020

    Luke Mauger, P.A.

    BAWONS Properties, Inc

    (305) 509-8336

    5 Total Sales

    Luke Mauger, P.A.
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10683805

BeachesMLS (Greater Fort Lauderdale)

APN: 56-43-42-28-13-000-0200

Florida Palm Beach County Riviera Beach 33404 Inlet Shores

186 E 27th St, Riviera Beach, FL

Not Listed for Sale

MultiFamily

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