NOT LISTED FOR SALE

220 E 27th St Unit E Riviera Beach, FL 33404

Inlet Shores Neighborhood

Estimated Value: $238,000 - $374,000

2 Beds
2 Baths
864 Sq Ft
$342/Sq Ft Est. Value

Last Sold June 10, 2016

Last sale price $94,875 $110 Per Sq Ft

Est. 212% increase in value since last sale

Current estimated payment $1,798/month

297 Days on Market

Highlights

  • Water Views
  • Cooling Available
  • Central Heating

About This Home

As of June 2016

This is a great opportunity own a Multifamily income property. This building has 2 units that are renting for $750.00 per month. This property is one of five building for a total of 20 units. This is package 1 of 5. with RX-10152732, 10152762,10152724 and 10152732 Seller will agree to an acceptable contract for all five properties only. RENTS WILL BE CONFRIMED AT THE TIME OF CONTRACT.

Last Agent to Sell the Property

Wayne Searson

Premier Brokers International License #3238109 Listed on: 07/14/2015

Premier Brokers International

Last Buyer's Agent

Albert Smith

Landstar Real Estate Inc License #3236973

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,183

Year Built

  • Built in 1951

Lot Details

  • 4,920 Sq Ft Lot

Home Design

  • Duplex

Interior Spaces

  • 864 Sq Ft Home
  • 1-Story Property
  • Water Views

Utilities

  • Cooling Available
  • Central Heating
  • Water Available

Listing and Financial Details

  • Total Actual Rent $17,400
  • Rent includes electricity
  • Assessor Parcel Number 56434228130000250

Community Details

Overview

  • 2 Units
  • Inlet Shores Subdivision

Building Details

  • Operating Expense $7,063
  • Net Operating Income $8,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,183

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Take I-95 East on Blue Heron, Left on Broadway, Right on 27th Street
  • Year Built: 1951
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Other
  • Living Area: 864.0

Exterior Features

  • Exterior Features: None
  • View: Other, Water
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Other

Utilities

  • Cooling: Electric, Other
  • Cooling Y N: Yes
  • Heating: Central, Other
  • Heating Yn: Yes
  • Utilities: None, Water Available, Water Not Available
  • Water Source: None

Condo/Co-op/Association

  • HOA Rent Includes: Electricity
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 56434228130000250
  • Lot Size: 50.0 ft x 0.0 ft
  • Lot Size Sq Ft: 4920.0
  • Zoning Description: RMH15

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 8400.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 7063.0
  • Total Actual Rent: 17400.0

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 1183.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2015
Closed on
Jun 8, 2016
Sold by
Mccloskey Joseph and Macdonald Kathleen Carissa
Bought by
Walton Blvd Llc
Seller's Agent
Wayne Searson
Premier Brokers International
Buyer's Agent
Albert Smith
Landstar Real Estate Inc
List Price
$91,000
Sold Price
$94,875
Premium/Discount to List
$3,875
4.26%
Current Estimated Value
$295,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,010
Avg. Annual Appreciation
12.61%

Purchase Details

Closed on
Aug 2, 2013
Sold by
Mccloskey Gail
Bought by
Mccloskey Joseph and Mccloskey Gail
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Walton Blvd Llc $880,000 Suncoast Title Of Wellington
Mccloskey Joseph -- Atgf
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2016 06/10/16 Sold $94,875 +4.3% $110 / Sq Ft
05/11/2016 05/11/16 Pending -- -- --
07/18/2015 07/18/15 For Sale $91,000 -- $105 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $3,001 $132,750 -- --
2024 $3,001 $120,682 -- --
2023 $2,790 $109,711 $0 $0
2022 $2,519 $100,810 $0 $0
2021 $2,226 $97,117 $46,500 $50,617
2020 $2,019 $83,314 $36,000 $47,314
2019 $1,975 $80,267 $32,100 $48,167
2018 $1,789 $73,985 $30,736 $43,249
2017 $1,661 $66,896 $26,727 $40,169
2016 $1,365 $49,534 $0 $0
2015 $1,260 $45,031 $0 $0
2014 $1,183 $40,937 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Wayne Searson

    Seller's Agent in 2016

    Wayne Searson

    Premier Brokers International

    (561) 635-2155

    4 Total Sales

    Wayne Searson
    Section Image

  • A

    Buyer's Agent in 2016

    Albert Smith

    Landstar Real Estate Inc

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10152737

BeachesMLS (Greater Fort Lauderdale)

APN: 56-43-42-28-13-000-0250

Florida Palm Beach County Riviera Beach 33404 Inlet Shores

220 E 27th St Unit E, Riviera Beach, FL

Not Listed for Sale

MultiFamily

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