228 NW 12th St Pompano Beach, FL 33060
Blanche Ely Neighborhood
--
Bed
--
Bath
2,859
Sq Ft
1987
Built
Highlights
- No HOA
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Concrete Block With Brick
- Tile Flooring
- 1-Story Property
About This Home
As of June 2022Amazing investment property located in a opportunity zone and close to the beach, hwys, & shopping centers. This four-plex features a studio apt., 1/1, 2/1 and a 3/1 rental units. Currently operating at a 6.2% cap rate. Great opportunity to increase the rental amounts to market value and increase your cap rate for a higher investment. Legal four-plex with 4 separate electrical meters. The BEST priced four-plex in Broward County with no violations or liens. Please do not disturb the tenants. Due diligence period will start upon execution of contract. Fully occupied. Call today for details.
Last Agent to Sell the Property
The Keyes Company License #3252531 Listed on: 03/28/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,717
Year Built
- Built in 1987
Parking
- 4 Parking Spaces
Home Design
- Quadruplex
- Concrete Block With Brick
- Shingle Roof
Interior Spaces
- 2,859 Sq Ft Home
- 1-Story Property
Flooring
- Carpet
- Tile
- Terrazzo
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Heating System Mounted To A Wall or Window
Listing and Financial Details
- Total Actual Rent $31,920
- Rent includes hot water, gardener, sewer, trash collection, water
- Assessor Parcel Number 484235320400
Community Details
Overview
- No Home Owners Association
- 4 Units
- Monticello Park Amended P Condos
- Monticello Park Amended P Subdivision
Building Details
- Operating Expense $10,097
- Net Operating Income $21,823
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 2, 2022
Closed on
Jun 23, 2022
Sold by
Dmg Partners Llc
Bought by
Stone April and Stone Dylan
Seller's Agent
Ana Binetti
Truenest Property Management
List Price
$598,000
Sold Price
$586,000
Premium/Discount to List
-$12,000
-2.01%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.87%
Original Mortgage
$575,386
Outstanding Balance
$552,011
Interest Rate
5.25%
Mortgage Type
FHA
Estimated Equity
$209,295
Purchase Details
Listed on
Mar 28, 2019
Closed on
May 29, 2019
Sold by
Lai Chih Hung and Lai Hsiu Lien
Bought by
Dmg Partners Llc
Seller's Agent
Christopher Hall
The Keyes Company
Buyer's Agent
Ana Binetti
Truenest Property Management
List Price
$350,000
Sold Price
$350,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.21%
Original Mortgage
$262,000
Interest Rate
4.1%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Dec 30, 2004
Sold by
Goodman Kathryn
Bought by
Lai Chih Hung and Lai Chen Hsiu Lien
Purchase Details
Closed on
Jun 22, 2004
Sold by
Available Not
Bought by
Available Not
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,500
Interest Rate
6.3%
Mortgage Type
Commercial
Similar Homes in the area
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $586,000 | Garcia & Xiques Pa | |
| Warranty Deed | $350,000 | Century Title & Escrow Co | |
| Warranty Deed | $261,500 | Capital Abstract & Title | |
| Warranty Deed | $225,000 | -- | |
| Warranty Deed | $225,000 | Capital Abstract & Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $575,386 | FHA | |
| Previous Owner | $262,000 | Stand Alone First | |
| Previous Owner | $183,050 | Credit Line Revolving | |
| Previous Owner | $177,500 | Commercial | |
| Closed | $25,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/12/2025 07/12/25 | Price Changed | $735,000 | -3.9% | $257 / Sq Ft |
| 03/01/2025 03/01/25 | For Sale | $765,000 | +30.5% | $268 / Sq Ft |
| 06/28/2022 06/28/22 | Sold | $586,000 | -2.0% | $205 / Sq Ft |
| 05/16/2022 05/16/22 | Price Changed | $598,000 | -7.7% | $209 / Sq Ft |
| 04/25/2022 04/25/22 | Price Changed | $648,000 | +8.4% | $227 / Sq Ft |
| 04/25/2022 04/25/22 | For Sale | $598,000 | +2.0% | $209 / Sq Ft |
| 04/15/2022 04/15/22 | Off Market | $586,000 | -- | -- |
| 04/15/2022 04/15/22 | For Sale | $598,000 | +2.0% | $209 / Sq Ft |
| 03/22/2022 03/22/22 | Off Market | $586,000 | -- | -- |
| 03/02/2022 03/02/22 | For Sale | $598,000 | +70.9% | $209 / Sq Ft |
| 05/30/2019 05/30/19 | Sold | $350,000 | 0.0% | $122 / Sq Ft |
| 03/28/2019 03/28/19 | For Sale | $350,000 | -- | $122 / Sq Ft |
Source: MIAMI REALTORS® MLS
Tax History Compared to Growth
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 | $11,127 | $523,810 | $43,500 | $480,310 |
| 2024 | $9,157 | $513,010 | $43,500 | $469,510 |
| 2023 | $9,157 | $451,810 | $0 | $0 |
| 2022 | $6,927 | $313,680 | $43,500 | $270,180 |
| 2021 | $6,716 | $305,270 | $43,500 | $261,770 |
| 2020 | $7,048 | $305,100 | $43,500 | $261,600 |
| 2019 | $5,544 | $283,140 | $43,500 | $239,640 |
| 2018 | $4,717 | $213,160 | $43,500 | $169,660 |
| 2017 | $4,098 | $167,040 | $0 | $0 |
| 2016 | $3,723 | $151,860 | $0 | $0 |
| 2015 | $3,460 | $138,060 | $0 | $0 |
| 2014 | $3,204 | $125,510 | $0 | $0 |
| 2013 | -- | $123,330 | $43,500 | $79,830 |
Source: Public Records
Agents Affiliated with this Home
-
J
Seller's Agent in 2025
Judy Palladino
EXP Realty LLC
-
A
Seller's Agent in 2022
Ana Binetti
Truenest Property Management
-
C
Seller's Agent in 2019
Christopher Hall
The Keyes Company
Map
Source: MIAMI REALTORS® MLS
MLS Number: A10646811
APN: 48-42-35-32-0400
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