NOT LISTED FOR SALE
10 Beds
5 Baths
3,038 Sq Ft
1951 Built

Sale Details

Date Sold: September 16, 2020

Last sale price $775,000 $255 Per Sq Ft

272 Days on Market

About This Home

As of September 2020

***PRICED TO SELL*****DO NOT MISS THIS DEAL*****GOOD RETURN ON INVESTMENT! GOOD TENANTS WITH LEASESBACK ON THE MARKET AFTER RENOVATIONS: NEW IMPACT WINDOWS THROUGHOUT - NEW IMPACT DOORS - **MOTIVATED SELLER** NEW AIR CONDITIONING - BUILDING REPAINTED - ONE PART OF THE ROOF REDONE - NEW PAVERS -FANTASTIC 5 UNITS BUILDING LOCATED IN FAST GROWING POMPANO BEACH, EAST OF US1. INVESTOR DREAM - NEW ZONING B-3 - INVESTOR CAN KEEP IT THIS WAY OR BUILD STORES/RESTAURANT ON THE GROUND FLOOR AND CONDO/RENTALS RESIDENTIAL ON THE 2ND, 3RD AND 4TH FLOOR. CHARMING BUILDING WITH 4-2BR/1BA UNITS AND 1-1BR/1BA UNIT. LAUNDROMAT BRINGS $2,400.00 PER YEAR. FULLY OCCUPIED. COULD BE CHANGED TO VACATION RENTAL PROPERTY TO INCREASE INCOME CONSIDERABLY. BOOMING AREA! DO NOT MISS THIS ONE! DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Victor Lancry

RE/MAX House of Real Estate License #0687861 Listed on: 11/19/2019

Last Buyer's Agent

Peter Catania

PMC Prime Properties, Inc License #3227885

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,561

Year Built

  • Built in 1951

Home Design

  • Tar and Gravel Roof
  • Concrete Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2-Story Property
  • Ceramic Tile Flooring

Parking

  • 19 Parking Spaces
  • Common or Shared Parking

Location

  • City Lot

Listing and Financial Details

  • Tenant pays for a/c & heating maintenance, exterior electric, electricity, fire liability insurance, inside insurance, outside insurance, telephone, real estate tax, sewer, water
  • Assessor Parcel Number 484236010680

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Insurance Expense $8,472
  • Maintenance Expense $1,200
  • Other Expense $6,240
  • New Taxes Expense $9,579
  • Operating Expense $25,491
  • Net Operating Income $54,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,561

Year Built

Built in 1951

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1951
  • Property Sub Type: Multi Family
  • Directions: US1 NORTH OF ATLANTIC BLVDTO NE 2ND ST. RIGHT TO NE 22ND AVE LEFT: BUILDING IN THE CORNER OF NE 2ND AVE AND NE 22ND.
  • Horses: No
  • Inclusions: Land Only, Business; Building And Land
  • New Construction: No
  • Road Frontage Type: City Street, City
  • Building Stories: 2
  • Structure Type: Multi Family
  • Year Built Details: Resale
  • LastStatus: Pending
  • CurrentPrice: 775000
  • ShowingTimeFlag: No
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Ceramic Floor
  • Number Of Buildings: 1
  • Stories: 2

Exterior Features

  • Roof: Tar/Gravel, Concrete, Tar & Gravel Roof
  • Construction Type: CBS Construction
  • Lot Features: City Location, Corner Unit
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Parking Features: Common
  • Total Parking Spaces: 19

Utilities

  • Electric: 101-200 Amps
  • Electricity On Property: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 484236010680
  • Current Use: Income Non-Waterfront
  • Zoning: RM-20

Rental Info

  • Tenant Pays: A/C & Heating Maintenance, Exterior Electric, Electricity, Fire Liability Insurance, Inside Insurance, Outside Insurance, Telephone, Real Estate Tax, Sewer, Water

Multi Family

  • Net Operating Income: 54000
  • Insurance Expense: 8472
  • Maintenance Expense: 1200
  • Number Of Units In Community: 5
  • Number Of Units Total: 5
  • Annual Operating Expense: 25491

Tax Info

  • Tax Year: 2018
  • New Taxes Expense: 9579
  • Tax Annual Amount: 12561

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
Feb 14, 2022
Sold by
202 Ne 22 Llc
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
$550,000
Interest Rate
3.56%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Nov 19, 2019
Closed on
Sep 9, 2020
Sold by
Fargeon Usa Inc
Bought by
202 Ne 22 Llc
Seller's Agent
Victor Lancry
RE/MAX House of Real Estate
Buyer's Agent
Peter Catania
PMC Prime Properties, Inc
List Price
$1,049,000
Sold Price
$775,000
Premium/Discount to List
-$274,000
-26.12%

Purchase Details

Listed on
Jun 12, 2016
Closed on
Jun 24, 2016
Sold by
Schebovitz Niki
Bought by
Fargeon Usa Inc
Seller's Agent
Daniel Galapo PA
Bond Luxury Properties LLC
Buyer's Agent
Victor Lancry
Douglas Elliman
List Price
$649,900
Sold Price
$625,000
Premium/Discount to List
-$24,900
-3.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.22%
Original Mortgage
$406,250
Interest Rate
3.57%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 30, 2013
Sold by
Kohler Management Services Llc
Bought by
Schebovitz Niki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,500
Interest Rate
4.26%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 26, 2003
Sold by
Stramandinoli Joseph R
Bought by
Kohler Management Services Llc

Purchase Details

Closed on
Apr 4, 2001
Sold by
Available Not
Bought by
Available Not

Purchase Details

Closed on
Nov 18, 1999
Sold by
Debenedetti Andrew G and Debenedetti Judith G
Bought by
Mccarthy Thomas F

Purchase Details

Closed on
Nov 16, 1998
Sold by
Larson Ada M
Bought by
Debenedetti Andrew G and Debenedetti Judith G

Purchase Details

Closed on
Mar 1, 1991
Sold by
Available Not
Bought by
Available Not
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$900,000 Gunster Yoakley & Stewart Pa
202 Ne 22 Llc $775,000 Premier Title Company Ltd
Fargeon Usa Inc $625,000 Attorney
Schebovitz Niki $407,500 Attorney
Kohler Management Services Llc $350,000 --
Available Not $300,000 --
Mccarthy Thomas F $270,000 --
Debenedetti Andrew G $226,000 --
Available Not $57,279 --
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 $855,000
Closed 6 South Llc $550,000
Previous Owner Fargeon Usa Inc $406,250
Previous Owner Schebovitz Niki $212,500
Previous Owner Stramandinoli Joseph R $200,000
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
09/16/2020 09/16/20 Sold $775,000 -26.1% $255 / Sq Ft
08/17/2020 08/17/20 Pending -- -- --
11/19/2019 11/19/19 For Sale $1,049,000 0.0% $345 / Sq Ft
11/06/2018 11/06/18 Rented $1,350 0.0% --
10/07/2018 10/07/18 Under Contract -- -- --
10/01/2018 10/01/18 For Rent $1,350 +1.9% --
07/30/2018 07/30/18 Rented $1,325 -1.9% --
06/30/2018 06/30/18 Under Contract -- -- --
06/13/2018 06/13/18 For Rent $1,350 +3.8% --
04/01/2017 04/01/17 For Rent $1,300 0.0% --
04/01/2017 04/01/17 Rented $1,300 0.0% --
06/24/2016 06/24/16 Sold $625,000 -3.8% $199 / Sq Ft View Prior Sale
06/12/2016 06/12/16 For Sale $649,900 -- $207 / 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 $16,329 $732,810 $195,900 $536,910
2025 $14,567 $692,780
2024 $13,732 $629,800 $54,850 $574,950
2023 $13,732 $579,700 $54,850 $524,850
2022 $11,637 $504,550 $54,850 $449,700
2021 $15,510 $697,530 $54,850 $642,680
2020 $22,426 $609,390 $54,850 $554,540
2019 $21,258 $529,600 $54,850 $474,750
2018 $12,561 $588,980 $54,850 $534,130
2017 $10,972 $511,450 $0 $0
2016 $9,579 $439,590 $0 $0
2015 $9,101 $399,630 $0 $0
2014 $8,297 $363,300 $0 $0
2013 -- $186,870 $54,850 $132,020
Source: Public Records

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Map

Source: MIAMI REALTORS® MLS

MLS Number: F10204342

MIAMI REALTORS® MLS

APN: 48-42-36-01-0680

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