NOT LISTED FOR SALE
-- Bed
-- Bath
4,254 Sq Ft
1959 Built

Sale Details

Date Sold: January 23, 2024

Last sale price $1,430,000 $336 Per Sq Ft

104 Days on Market

Highlights

  • No HOA
  • Brick Front
  • 1-Story Property
  • Home Security System
  • Secure Lobby

About This Home

As of January 2024

LOCATION AND CASH FLOW FROM DAY 1 AMAZING VALUE-ADDED OPPORTUNITY, 12 UNITS 100% OCCUPIED LONG TERM TENANTS WITH MO/MO LEASES. LEGAL 6 UNITS ACCORDING TO CITY OF HOLLYWOOD. COUNTY TAX ON 12 UNITS. 10 UNITS ARE STUDIOS AND 2 UNITS 1 BED AND 1 BATH, ACCROSS THE STREET FROM THE NEWER CHARTER SCHOOL. JUST PASSED 50 YEARS CERTIFICTION. ALL NEW BREAKERS. MOST OF THE KITCHENS BEEN CHANGES 5 YEARS AGO, ONE CENTRAL AC ABOUT 1 1/2-YEAR-OLD. POOL WAS FILLED BY PREVIOUS OWNER WITH PERMIT. NEW OWNER CAN RE DO THE POOL OR BUILD EXTRA UNITS OR CONVERT SOME UNTS TO AIRBNB ORIGINAL BUILDING NO ADDITION OR STRUCTURALLY CHANGED. CENTRAL LOCATION BETWEEN US1 AND DIXIE HIWAY. CLOSE TO SHOPPING AND TRANSPORTATION., HURRICANE SHUTTERS FOR ALL WINDOW

Last Agent to Sell the Property

Mervat Abdelnour

RE/MAX Park Creek Realty Inc License #676978 Listed on: 09/11/2023

RE/MAX Park Creek Realty Inc

Last Buyer's Agent

Javier Vanegas

Trueway Realty LLC License #3560237

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,103

Year Built

  • Built in 1959

Home Design

  • Brick Front

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • 13 Parking Spaces
  • Assigned Parking

Additional Features

  • 1-Story Property
  • City Lot

Listing and Financial Details

  • Total Actual Rent $186,834
  • Tenant pays for a/c & heating maintenance, inside insurance, outside insurance, management, exterior maintenance
  • Assessor Parcel Number 514203104460

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Additional Features

  • Secure Lobby
  • Gross Income $186,834

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,103

Year Built

Built in 1959

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1959
  • Property Sub Type: Multi Family
  • Directions: SHERIDAS TO US1 SOUTH TO TAFT STREET WE ON TAFT TO THE BUILDING
  • 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
  • LastStatus: Active
  • CurrentPrice: 1430000
  • ShowingTimeFlag: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Stories: 1

Exterior Features

  • Construction Type: Brick
  • Lot Features: City Location
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 13

Utilities

  • Sewer: Public Sewer, Public Sanitation, Sewer
  • Water Source: Public
  • Security: Smoke Alarm, Fire Alarm, Security System, Lobby Secured

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 514203104460
  • Zoning: RESIDENT

Rental Info

  • Tenant Pays: A/C & Heating Maintenance, Inside Insurance, Outside Insurance, Management, Exterior Maintenance

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 25103

Multi Family

  • Annual Gross Income: 186834
  • Number Of Units In Community: 12
  • Number Of Units Total: 12
  • Total Actual Rent: 186834

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
Sep 11, 2023
Closed on
Jan 23, 2024
Sold by
Bought by
Seller's Agent
Mervat Abdelnour
RE/MAX Park Creek Realty Inc
Buyer's Agent
Javier Vanegas
Trueway Realty LLC
List Price
$1,775,000
Sold Price
$1,430,000
Premium/Discount to List
-$345,000
-19.44%

Purchase Details

Listed on
Jan 10, 2019
Closed on
May 25, 2021
Sold by
Bought by
Seller's Agent
Mervat Abdelnour
RE/MAX Park Creek Realty Inc
Buyer's Agent
Connie Guardado
MC Realty & Associates Inc
List Price
$1,325,000
Sold Price
$1,175,000
Premium/Discount to List
-$150,000
-11.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.66%
Original Mortgage
$881,250
Interest Rate
0.029%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 28, 2014
Sold by
Bought by

Purchase Details

Listed on
Jan 13, 2012
Closed on
Jul 31, 2012
Sold by
Bought by
Seller's Agent
Sean Lam
Oceanica International Realty
Buyer's Agent
Karin Kammerdiener
Coral Shores Realty
List Price
$720,000
Sold Price
$640,000
Premium/Discount to List
-$80,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
0.0368%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 13, 2004
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
$450,000
Interest Rate
0.0687%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 16, 2002
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
$401,250
Interest Rate
0.0625%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 9, 2000
Sold by
Bought by

Purchase Details

Closed on
Jun 14, 1995
Sold by
Bought by

Purchase Details

Closed on
Sep 14, 1994
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
$1,430,000 Trueway Title & Escrow Agency
$1,175,000 Nu World Ttl Of Miami Lakes
$795,000 Capital Abstract & Title
$640,000 Nexstar Title & Escrow Llc
$600,000 --
$535,000 Principle Title Ins Agency I
$10,000 --
$316,700 --
$385,000 --
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 $881,250
Previous Owner $320,000
Previous Owner $450,000
Previous Owner $401,250
Previous Owner $243,000
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 Prior Sale
01/23/2024 01/23/24 Sold $1,430,000 -19.4% $336 / Sq Ft
12/24/2023 12/24/23 Pending -- -- --
09/11/2023 09/11/23 For Sale $1,775,000 +51.1% $417 / Sq Ft
05/27/2021 05/27/21 Sold $1,175,000 -11.3% $276 / Sq Ft View Prior Sale
04/27/2021 04/27/21 Pending -- -- --
01/10/2019 01/10/19 For Sale $1,325,000 +107.0% $311 / Sq Ft
07/31/2012 07/31/12 Sold $640,000 -11.1% $150 / Sq Ft View Prior Sale
04/26/2012 04/26/12 Pending -- -- --
01/13/2012 01/13/12 For Sale $720,000 -- $169 / 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 $33,314 $1,381,060 $144,640 $1,236,420
2025 $32,765 $1,381,060 $144,640 $1,236,420
2024 $28,957 $1,530,480 $144,640 $1,385,840
2023 $28,957 $1,163,250 $0 $0
2022 $25,846 $1,057,500 $144,640 $912,860
2021 $27,014 $1,108,730 $144,640 $964,090
2020 $25,104 $1,021,600 $144,640 $876,960
2019 $24,910 $1,110,310 $144,640 $965,670
2018 $22,788 $1,057,290 $144,640 $912,650
2017 $19,998 $778,300 $0 $0
2016 $18,405 $707,550 $0 $0
2015 $16,743 $643,230 $0 $0
2014 $15,930 $596,590 $0 $0
2013 -- $573,910 $144,640 $429,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: F10399473

MIAMI REALTORS® MLS

APN: 51-42-03-10-4460

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