NOT LISTED FOR SALE

2050 Lincoln Ave Opa Locka, FL 33054

Rainbow Park Neighborhood
8 Beds
4 Baths
2,800 Sq Ft
1960 Built

Sale Details

Date Sold: December 8, 2021

Last sale price $475,000 $170 Per Sq Ft

31 Days on Market

Highlights

  • No HOA
  • Wall Furnace
  • 2-minute walk to Magnolia Park
  • Ceramic Tile Flooring

About This Home

As of December 2021

These multi-family buildings are located in the City of Opa-Locka, just outside of Miami. This property consists of two multi-family buildings in close proximity. All 8 units are rented. Current cap rate is 6.28% with opportunity to add value and improvement. All units have independent water meters and independent electric meters. This is a Portfolio Sale please reference MLS# A11110485 and property address 2047 Lincoln Ave Opa-Locka Folio# 08-2122-003-0310. Portfolio price is $965,000 and can not be sold separately.

Last Agent to Sell the Property

Jordan Casanas

Fortune Christie's Intl R.E. License #3310814 Listed on: 10/12/2021

Fortune Christie's Intl R.E.

Co-Listed By

Daniel Guerra

Fortune Christie's Intl R.E. License #3051825

Last Buyer's Agent

Sergio Betancourt, P.A.

Viceroy Real Estate LLC License #3157345

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,981

Year Built

  • Built in 1960

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex

Interior Spaces

  • 2,800 Sq Ft Home
  • 2-Story Property
  • Ceramic Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Separate Meters
  • Cable TV Not Available

Listing and Financial Details

  • Assessor Parcel Number 0821220030620

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Magnolia Sub Subdivision

Building Details

  • Gross Income $3,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,981

Year Built

Built in 1960

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Year Built: 1960
  • New Construction: No
  • Structure Type: Multi Family
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 2800.0
  • Stories: 2

Exterior Features

  • Lot Features: Other
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Other

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Separate Meters, Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Not Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 0821220030620
  • Lot Size: 4,800.00
  • Mobile Dim Units: Feet
  • Zoning: 5700

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 6981.0

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 3800.0

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
Oct 12, 2021
Closed on
Dec 8, 2021
Sold by
Land Trust
Bought by
Seller's Agent
Jordan Casanas
Fortune Christie's Intl R.E.
Buyer's Agent
Sergio Betancourt, P.A.
Viceroy Real Estate LLC
List Price
$522,000
Sold Price
$475,000
Premium/Discount to List
-$47,000
-9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Outstanding Balance
$321,579
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 2, 2013
Sold by
Ad6 Wholesale Llc
Bought by
2047 Building Llc

Purchase Details

Closed on
Aug 30, 2010
Sold by
Ad 6 Wholesale Llc
Bought by
2047 Bldg Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
4.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 20, 2010
Sold by
Turnbull Investments Inc
Bought by
Ad 6 Wholesale Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
4.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 30, 2008
Sold by
Us Bank Na
Bought by
Turnbull Investments Inc

Purchase Details

Closed on
Oct 31, 2007
Sold by
Appolon Marie
Bought by
Us Bank Na and Asset Backed Certificates Series 2005

Purchase Details

Closed on
Apr 4, 2005
Sold by
Barber Susan M
Bought by
Appolon Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,600
Interest Rate
7.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 28, 2000
Sold by
Lincoln Ave Corp
Bought by
Barber Susan M

Purchase Details

Closed on
Jul 6, 1999
Sold by
Pasely Boston
Bought by
2015 Lincoln Ave Corp
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Rainbow Park, FL

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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
$475,000 Trust Title
2047 Building Llc $204,000 Attorney
2047 Bldg Llc $75,000 --
Ad 6 Wholesale Llc $56,000 Creative Title Services Inc
Turnbull Investments Inc $60,000 Attorney
Us Bank Na -- None Available
Appolon Marie $196,000 Old Harbour Title & Escrow L
Barber Susan M $100 --
2015 Lincoln Ave Corp -- --
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 $356,250
Previous Owner Ad 6 Wholesale Llc $40,000
Previous Owner Turnbull Investments Inc $40,000
Previous Owner Appolon Marie $149,600
Previous Owner Barber Susan $81,000
Previous Owner Barber Susan M $94,500
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
12/08/2021 12/08/21 Sold $475,000 -9.0% $170 / Sq Ft
11/12/2021 11/12/21 Pending -- -- --
10/12/2021 10/12/21 For Sale $522,000 -- $186 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $14,107 $433,803
2024 $11,809 $394,367
2023 $11,809 $358,516 $0 $0
2022 $10,352 $325,924 $76,800 $249,124
2021 $7,723 $181,754 $0 $0
2020 $6,981 $278,851 $52,800 $226,051
2019 $5,811 $157,066 $55,200 $101,866
2018 $5,302 $135,177 $42,353 $92,824
2017 $4,678 $105,338 $0 $0
2016 $4,985 $95,762 $0 $0
2015 $4,547 $87,057 $0 $0
2014 $4,258 $79,143 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: A11110552

BeachesMLS (Greater Fort Lauderdale)
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