NOT LISTED FOR SALE

Estimated Value: $573,000 - $4,108,000

2 Beds
1 Bath
20,390 Sq Ft
$88/Sq Ft Est. Value

Sale Details

Date Sold: January 23, 2023

Last sale price $5,200,000 $255 Per Sq Ft

Current estimated payment $10,879 / mo

220 Days on Market

About This Home

As of January 2023

Labueux Apts are a portfolio of 10 bldgs|37 units - 2 SFR, three 3plexes, three 4plexes and two 5plexes located in Hollywood between US-1 & Dixie Hwy. north of Johnson St. 4 of the properties are contiguous. The neighborhood has a very strong rental community which consists of small to midsize apartment buildings along with single-family homes and condominium units. The average price/unit is $200,000+ for 2,3,& 4 Unit Properties. The subject property is rented on a weekly, biweekly and monthly basis. As such, electric, gas, water and trash are included in the rent structure. The opportunity can best be described as a value-add acquisition due to the below market rents and the upside following capital improvements with a list price of $147,000/unit. Download the OM or on agents website. all salient data can be found in the offering memorandum including income and expense on page 75

Last Buyer's Agent

michael guido

Miami New Realty License #3329716

Miami New Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $101,861

Year Built

  • Built in 1960

Lot Details

  • 7,644 Sq Ft Lot

Interior Spaces

  • 20,390 Sq Ft Home
  • 1-Story Property

Listing and Financial Details

  • Total Actual Rent $530,700
  • Assessor Parcel Number 514203103960

Community Details

Overview

  • No Home Owners Association
  • 10 Buildings
  • 37 Units
  • 10 Bldgs | 37 Units Condos

Building Details

  • Gross Income $530,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$101,861

Year Built

Built in 1960

Lot Details

7,644 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1960
  • Ownership: Corporation
  • Property Sub Type: Multi Family
  • Business Type: Warehouse Space
  • Horses: No
  • Lot Size Acres: 0.1755
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Mobile/Rv Parks, Office/Warehouse Combination, Store/Warehouse Combination, Warehouse, Multi Family
  • LastStatus: Active
  • CurrentPrice: 5200000
  • ShowingTimeFlag: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Number Of Buildings: 10
  • Stories: 1

Exterior Features

  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: 10 Bldgs | 37 Units

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 514203103960
  • Lot Size Sq Ft: 7644
  • Zoning: RM-12

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 101861

Multi Family

  • Annual Gross Income: 530700
  • Leasable Area: 20390
  • Number Of Units In Community: 37
  • Number Of Units Total: 37
  • Total Actual Rent: 530700

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
May 18, 2022
Closed on
Jan 13, 2023
Sold by
Bought by
Buyer's Agent
michael guido
Miami New Realty
List Price
$5,395,000
Sold Price
$5,200,000
Premium/Discount to List
-$195,000
-3.61%
Current Estimated Value
$1,803,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,396,333
Avg. Annual Appreciation
-25.98%
Original Mortgage
$1,170,000
Interest Rate
0.066%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 16, 2014
Sold by
Bought by

Purchase Details

Closed on
Nov 11, 1995
Sold by
Bought by

Purchase Details

Closed on
Feb 17, 1995
Sold by
Bought by

Purchase Details

Closed on
Jul 1, 1990
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
$2,600,000 None Listed On Document
$1,950,000 None Listed On Document
$2,000,000 Attorney
$80,000 --
-- --
$57,357 --
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 $507,500
Previous Owner $1,170,000
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
01/23/2023 01/23/23 Sold $5,200,000 -3.6% $255 / Sq Ft
12/24/2022 12/24/22 Pending -- -- --
05/18/2022 05/18/22 For Sale $5,395,000 -- $265 / 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 $11,704 $518,400
2025 $10,421 $471,280
2024 $9,342 $428,440 $68,800 $359,640
2023 $9,342 $364,880 $0 $0
2022 $8,386 $331,710 $0 $0
2021 $7,991 $301,560 $0 $0
2020 $7,286 $321,990 $68,800 $253,190
2019 $6,817 $288,930 $68,800 $220,130
2018 $6,172 $261,520 $68,800 $192,720
2017 $5,444 $205,990 $0 $0
2016 $5,065 $187,270 $0 $0
2015 $4,132 $170,250 $0 $0
2014 $2,895 $89,920 $0 $0
2013 -- $120,990 $68,800 $52,190
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: F10331571

MIAMI REALTORS® MLS

APN: 51-42-03-10-3960

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