$502,000
SOLD FEB 14, 2019
-- Bed
-- Bath
2,745 Sq Ft
10,000 Sq Ft Lot

Recently Sold

$183 Per Sq Ft

3% Below List Price

13 Days on Market

Highlights

  • Heated In Ground Pool
  • Balcony
  • Central Heating and Cooling System
  • No HOA
  • 1 Car Attached Garage
  • Turnkey

About This Home

As of October 2021

This is a unique investment opportunity with an 11% CAP rate! This property sits on a 10,000 sq ft lot and is zoned CRT-1. This investment property currently has both long-term rental units and AIRBNB rental units. The unique building surrounds a center courtyard with a heated inground pool that is perfect for guests. The total gross income on this property in 2018 was $76,492.48! This property is perfect for an investor who would like to AIRBNB properties, live in one unit and rent the others, or develop the property into something else.
This property features:
UNIT 1: Larger 1 bedroom, 1 bathroom unit with a beautiful kitchen, dining room, and office that is fully update. This unit has consistently rented for $1,500.00/month which is inclusive of utilities. This unit transfers unfurnished.
UNIT 2: 1 bedroom, 1 bathroom apartment above the garage. This unit has consistently rented for $1,100.00/month which is inclusive of utilities. This unit transfers unfurnished.
UNIT 3: Referred to as the Pineapple Pad, this unit features a small kitchenette area, newer bathroom, and operates as an AIRBNB. This unit consistently rents for $75.00 per night and the unit will be sold furnished and turn-key.
UNIT 4: Referred to as the Flamingo Casita, this unit rents for $65.00 per night and the unit will be sold furnished and tun-key. The current owner previously had plans to add a kitchenette to this unit.

Last Agent to Sell the Property

Bobby Poth

MAINFRAME REAL ESTATE License #3099834 Listed on: 01/23/2019

MAINFRAME REAL ESTATE

Last Buyer's Agent

Roxana Arbelaez

CHIRINO REAL ESTATE License #3416104

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,177

Year Built

  • Built in 1948

Lot Details

  • 10,000 Sq Ft Lot
  • Lot Dimensions are 100x100
  • Fenced

Parking

  • 1 Car Attached Garage

Home Design

  • 2,745 Sq Ft Home
  • Duplex
  • Bi-Level Home
  • Turnkey
  • Vinyl Siding

Outdoor Features

  • Heated In Ground Pool
  • Balcony

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 3,475 Sq Ft Building
  • Central Ave Heights Subdivision

Building Details

  • Gross Income $77,501

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,177

Year Built

Built in 1948

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Duplex
  • Construction Materials: Vinyl Siding
  • Fireplace: No
  • Living Area: 2745
  • Lot Size Acres: 0.23
  • New Construction: No
  • Year Built: 1948
  • Building Area Total: 3475
  • Lot Size Sq Ft: 10000
  • Directions to Property: 1st Ave S. to property at 3801 1st Ave S.
  • Status: Sold
  • Street Post Direction: S
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=U8031662&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=U8031662&cview=true&show_results=true&customer_portal=true
  • Unit Count: 2
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.97476
  • Price per Sq Ft: 182.88
  • Close to Original List Price Ratio: 0.97476
  • Ratio: Current Price\Building Area Total: 144.46
  • View: No
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Levels: Two
  • Street Number Modifier: 3801
  • Number Of Buildings: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: Heated, In Ground
  • Exterior Features: Balcony, Fenced
  • Pool Private: Yes
  • Waterfront: No
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12103C0218G
  • Disclosures: Lead Paint, Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Electricity Available
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Deposits Y N: No

Lot Info

  • Parcel Number: 22-31-16-14418-011-0150
  • Additional Parcels: No
  • Lot Dimensions: 100x100
  • Property Attached Yn: Yes
  • Flood Zone Code: X
  • Flood Zone Date: 2003-09-03
  • Future Land Use: CRT-1
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Turnkey

Multi Family

  • Gross Income: 77501
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 6177
  • Tax Block: 11
  • Tax Book Number: 3-1
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2021
Closed on
Oct 15, 2021
Sold by
K & K Realty Holdings Inc
Bought by
Trilogy Capital Holdings Llc
Seller's Agent
Ana Chirino
CHIRINO REAL ESTATE
Buyer's Agent
Ana Chirino
CHIRINO REAL ESTATE
List Price
$960,000
Sold Price
$840,000
Premium/Discount to List
-$120,000
-12.5%
Current Estimated Value
$717,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$122,280
Avg. Annual Appreciation
-4.59%
Original Mortgage
$567,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jan 23, 2019
Closed on
Feb 14, 2019
Sold by
3Jpinvestments Llc
Bought by
K And K Realty Holdings Inc
Seller's Agent
Bobby Poth
MAINFRAME REAL ESTATE
Buyer's Agent
Roxana Arbelaez
CHIRINO REAL ESTATE
List Price
$515,000
Sold Price
$502,000
Premium/Discount to List
-$13,000
-2.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.27%

Purchase Details

Listed on
Apr 10, 2017
Closed on
Jun 9, 2017
Sold by
Schooler Curtis and Maccagnone Thoma
Bought by
3 Jp Investments Llc
Seller's Agent
Wes Eaves
LIKE IT REALTY
Buyer's Agent
Bobby Poth
MAINFRAME REAL ESTATE
List Price
$339,900
Sold Price
$288,000
Premium/Discount to List
-$51,900
-15.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.20%

Purchase Details

Closed on
Oct 31, 2016
Sold by
Johnson Agnes Y
Bought by
Schooler Curtis and Maccahnone Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,250
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2011
Sold by
Johnson Agnes Y
Bought by
Johnson Agnes Y

Purchase Details

Closed on
Sep 26, 2010
Sold by
Rudkin Samuel and Rudkin Maureen D
Bought by
Johnson Agnes Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2004
Sold by
Mosley Julius
Bought by
Rudkin Samuel and Rudkin Maureen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,825
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 14, 2003
Sold by
Duncan Paul and Bergerman Ariel
Bought by
Mosley Julius

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,800
Interest Rate
8.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 26, 2002
Sold by
Presley Jacquelyn
Bought by
Duncan Paul A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,500
Interest Rate
6.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 1998
Sold by
Freedom Mortgage Services Inc
Bought by
Presley Jacquelyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,450
Interest Rate
7.15%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 7, 1998
Sold by
Stefano Nancy K
Bought by
Freedom Mortgage Services Inc
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

Date Type Sale Price Title Company
Warranty Deed $840,000 Attorney
Warranty Deed $502,000 Consumer Title & Escrow Serv
Warranty Deed $288,000 Luxe Title Services
Trustee Deed $218,500 Luxe Title Services
Interfamily Deed Transfer -- None Available
Warranty Deed $140,000 Flagship Title Of Tampa Llp
Warranty Deed $293,500 Superior Service Title Inc
Warranty Deed $251,000 A Heritage Title Ins Corp
Warranty Deed $97,600 --
Warranty Deed -- --
Warranty Deed $68,900 --
Warranty Deed $48,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $567,000 Commercial
Previous Owner $567,000 Purchase Money Mortgage
Previous Owner $109,250 New Conventional
Previous Owner $112,000 New Conventional
Previous Owner $267,750 Unknown
Previous Owner $278,825 Purchase Money Mortgage
Previous Owner $200,800 Purchase Money Mortgage
Previous Owner $162,500 New Conventional
Previous Owner $3,450 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $840,000 -12.5% $306 / Sq Ft
09/17/2021 09/17/21 Pending -- -- --
08/30/2021 08/30/21 For Sale $960,000 +91.2% $350 / Sq Ft
02/14/2019 02/14/19 Sold $502,000 -2.5% $183 / Sq Ft
02/04/2019 02/04/19 Pending -- -- --
01/22/2019 01/22/19 For Sale $515,000 +78.8% $188 / Sq Ft
08/17/2018 08/17/18 Off Market $288,000 -- --
06/09/2017 06/09/17 Sold $288,000 -15.3% $105 / Sq Ft
05/21/2017 05/21/17 Pending -- -- --
04/10/2017 04/10/17 For Sale $339,900 -- $124 / Sq Ft
Source: Stellar MLS

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
2024 $11,621 $527,527 $133,919 $393,608
2023 $11,621 $585,179 $221,990 $363,189
2022 $10,801 $539,198 $233,377 $305,821
2021 $7,129 $339,138 $0 $0
2020 $7,217 $337,440 $0 $0
2019 $6,507 $301,863 $100,217 $201,646
2018 $6,434 $296,310 $0 $0
2017 $3,100 $182,839 $0 $0
2016 $2,996 $160,121 $0 $0
2015 $2,699 $133,822 $0 $0
2014 $2,298 $100,471 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: U8031662

Stellar MLS

APN: 22-31-16-14418-011-0150