NOT LISTED FOR SALE

Estimated Value: $524,000

Studio
1 Bath
4,775 Sq Ft
$110/Sq Ft Est. Value

Sale Details

Date Sold: March 31, 2016

Last sale price $615,000 $129 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $3,379 / mo

354 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • 1-Story Property
  • No HOA
  • Central Heating

About This Home

As of March 2016

Beautifully maintained and fully rented 7 units in Downtown Hollywood. Property is legally a 3 plex and a 4 plex sharing a common courtyard. Property is beautifully maintained and always fully occupied. Rents are great and there is even room for increase. All tenants under lease. Previous owner is holding a mortgage and he is willing to continue to do so for the new buyer. Don't miss this great opportunity to own a piece of paradise.

Last Agent to Sell the Property

Darius Lelutiu

Best Realty and Prop. Mgmnt License #3041801 Listed on: 03/13/2015

Last Buyer's Agent

Maximo Ramos

Novus Realty LLC License #3266486

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,899

Year Built

  • Built in 1943

Lot Details

  • 4,775 Sq Ft Lot

Home Design

  • Barrel Roof Shape
  • Composition Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,775 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Tile
  • Terrazzo

Parking

  • 7 Parking Spaces
  • Common or Shared Parking
  • On-Street Parking
  • Open Parking
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Total Actual Rent $20,323
  • Tenant pays for exterior electric, electricity, sewer, water
  • Assessor Parcel Number 514215015590

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 7 Units

Building Details

  • Insurance Expense $6,000
  • Other Expense $8,600
  • New Taxes Expense $7,000
  • Operating Expense $20,323
  • Gross Income $20,323

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,899

Year Built

Built in 1943

Lot Details

4,775 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1943
  • Property Sub Type: Multi Family
  • Directions: DOWNTOWN HOLLYWOOD 3 BLOCKS SOUTH OF HOLLYWOOD BLVD
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Multi Family
  • LastStatus: Pending
  • CurrentPrice: 615000
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Terrazzo, Tile, Wood
  • Number Of Buildings: 2
  • Stories: 1

Exterior Features

  • Roof: Barrel, Barrel Roof, Composition Roll
  • Construction Type: CBS Construction
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Assigned, Common, On Street
  • Total Parking Spaces: 7

Utilities

  • Sewer: Public Sewer, Public Sanitation, Sewer
  • Water Source: Public
  • Cooling: Central Individual A/C, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Electric: 110 Volts Power
  • Electricity On Property: Yes
  • Heating: Central, Electric, Window/Wall
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 514215015590
  • Current Use: Income Non-Waterfront
  • Lot Size Sq Ft: 4775
  • Zoning: A

Rental Info

  • Tenant Pays: Exterior Electric, Electricity, Sewer, Water

Multi Family

  • Insurance Expense: 6000
  • Annual Gross Income: 20323
  • Number Of Units In Community: 7
  • Number Of Units Total: 7
  • Annual Operating Expense: 20323
  • Total Actual Rent: 20323

Tax Info

  • Tax Year: 2014
  • New Taxes Expense: 7000
  • Tax Annual Amount: 2899

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

Closed on
Jul 26, 2019
Sold by
Bought by
Current Estimated Value
$524,000

Purchase Details

Closed on
May 1, 2017
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
-- None Available
$100 --
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
03/31/2016 03/31/16 Sold $615,000 -5.4% $129 / Sq Ft
03/01/2016 03/01/16 Pending -- -- --
03/13/2015 03/13/15 For Sale $649,999 -- $136 / 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
2020 $1,030 $49,120 $49,120 $0
2019 -- $249,070 $49,120 $199,950
2018 -- $226,370 $49,120 $177,250
2017 -- $178,380 $0 $0
2016 -- $162,170 $0 $0
2015 -- $147,430 $0 $0
2014 -- $134,030 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: F1332633

MIAMI REALTORS® MLS

APN: 51-42-15-01-5590

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