NOT LISTED FOR SALE

Estimated Value: $252,000 - $313,217

8 Beds
4 Baths
3,360 Sq Ft
$86/Sq Ft Est. Value

Last Sold July 20, 2018

Last sale price $182,000 $54 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $1,984/month

18 Days on Market

About This Home

As of July 2018

Being sold as a portfolio of properties. The portfolio consists of (16) units in (5) buildings located at (3) separate locations in Jacksonville, FL. This portfolio is a turn key operation that is 100% occupied and yielding over a 9% cap rate. Rents are currently below market and could be increased to maximize cash flow. All units are separately metered, have central heat/ac, and have undergone extensive renovations. The portfolio has very low turnover and the average tenant across all (16) units has been in place for over two years. Portfolio will not be divided. Must sell as one portfolio.

Last Agent to Sell the Property

Chris Calabucci

Watson Realty Corp License #543072 Listed on: 05/14/2018

Watson Realty Corp

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,532

Year Built

  • Built in 1986

Lot Details

  • 0.4

Parking

  • Parking Lot

Home Design

  • 3,360 Sq Ft Home
  • Quadruplex
  • Frame Construction
  • Shingle Roof

Additional Features

  • Electric Range
  • 8 Bedrooms
  • Non-Toxic Pest Control
  • Corner Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, insurance, water
  • The owner pays for grounds care, insurance, pest control, taxes, trash collection
  • Assessor Parcel Number 029865-0170

Community Details

Overview

  • 4 Units
  • On-Site Maintenance

Building Details

  • Gross Income $9,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,532

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size: 18000
  • Subdivision Name: Not IN Subdivision
  • Directions: North on Moncrief Road W to Leonnie Road
  • Carport Y N: No
  • Year Built: 1986
  • Reso Property Type: ResidentialIncome
  • Appliances Refrigerators: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • General Property Information Lot Size Dimensions: 18000
  • Location Tax and Legal:Parcel Number: 029865-0170
  • Location Tax and Legal:Tax Annual Amount: 1531.94
  • Location Tax and Legal:Tax Year: 2017
  • Cooling:Central Air: Yes
  • Water Source:Public: Yes
  • Owner Pays Trash Collection: Yes
  • Owner Pays:Grounds Care: Yes
  • Owner Pays Pest Control2: Yes
  • General Property Information Number Of Units Total2: 4.0
  • Unit 1 Details Furnished3: Unfurnished
  • Unit 2 Details Furnished4: Unfurnished
  • Unit 3 Details Furnished5: Unfurnished
  • Unit 4 Details Furnished6: Unfurnished
  • Gross Scheduled Income: 111600.0
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Electric Range
  • Owner Pays: Grounds Care, Insurance, Pest Control, Taxes, Trash Collection
  • Total Bedrooms: 8
  • Living Area: 3360.0
  • Appliances:Electric Range: Yes

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Frame, Other
  • Roof: Shingle
  • Lot Features:Corner Lot: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Other8: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot
  • Parking Features:Parking Lot: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Lot Info

  • Current Use: Multi-Family
  • Parcel #: 029865-0170

Rental Info

  • Tenant Pays: Cable TV, Electricity, Insurance, Water

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 9300.0

Tax Info

  • Tax Annual Amount: 1531.94
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2024
Sold by
Ninenineonenine Llc and Aa5768 Llc
Bought by
Mg3 Re Fund Llc
Current Estimated Value
$289,304

Purchase Details

Listed on
May 14, 2018
Closed on
Jul 13, 2018
Sold by
Jax Property Partners Llc
Bought by
Maccready Michael
Seller's Agent
Chris Calabucci
Watson Realty Corp
Buyer's Agent
Chris Calabucci
Watson Realty Corp
List Price
$182,000
Sold Price
$182,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.45%
Original Mortgage
$121,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2013
Sold by
Calabucci Christopher M
Bought by
Jax Property Partners Llc

Purchase Details

Closed on
Sep 7, 2012
Sold by
Woods Kenneth T and Woods Tania D
Bought by
Castle Harbor Holdings Inc

Purchase Details

Closed on
Nov 25, 2009
Sold by
White Aldolphus L
Bought by
Woods Kenneth T and Woods Tania D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
5.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 18, 2004
Sold by
Beck Randolph and Beck Cynthia
Bought by
White Aldolphus L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 4, 2002
Sold by
Ware Thelma Elain
Bought by
Beck Randolph and Beck Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
6.18%

Purchase Details

Closed on
Mar 7, 2002
Sold by
Altegra Credit Company
Bought by
Beck Randolph and Beck Cynthia

Purchase Details

Closed on
Dec 19, 2001
Sold by
Miller Alton and Unknown Parties Claiming By Th
Bought by
Altegra Credit Company

Purchase Details

Closed on
Oct 2, 1998
Sold by
Mcgraw Dane
Bought by
Miller Alton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.61%
Source: Public Records

Range of Values:

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Average Value
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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
Mg3 Re Fund Llc $590,000 Title America Real Estate Clos
Maccready Michael $182,000 Lion Title Llc
Jax Property Partners Llc -- Attorney
Callabucci Christopher M -- Attorney
Castle Harbor Holdings Inc $76,000 Sunshine Title Corporation
Woods Kenneth T $55,000 Title America Of Jacksonvill
White Aldolphus L $190,000 Total Trust Title Inc
Beck Randolph -- Integrity Title & Escrow
Beck Randolph $35,000 --
Altegra Credit Company -- --
Altegra Credit Company -- --
Miller Alton $120,000 --
Mcgraw Dane $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maccready Michael $121,500
Previous Owner Woods Kenneth T $57,000
Previous Owner White Aldolphus L $57,000
Previous Owner White Aldolphus L $133,000
Previous Owner Beck Randolph $87,500
Previous Owner Miller Alton $90,000
Closed White Aldolphus L $57,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2023 12/17/23 Off Market $182,000 -- --
11/09/2018 11/09/18 For Sale $839,000 +361.0% $250 / Sq Ft
07/20/2018 07/20/18 Sold $182,000 0.0% $54 / Sq Ft
07/17/2018 07/17/18 Sold $182,000 0.0% $54 / Sq Ft
07/16/2018 07/16/18 Pending -- -- --
06/01/2018 06/01/18 Pending -- -- --
05/14/2018 05/14/18 For Sale $182,000 -- $54 / Sq Ft
Source: Daytona Beach Area Association of REALTORS®

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 $4,895 $231,558 $33,990 $197,568
2024 $4,751 $233,439 $33,990 $199,449
2023 $4,751 $234,529 $24,720 $209,809
2022 $4,108 $198,642 $16,068 $182,574
2021 $3,708 $170,445 $15,450 $154,995
2020 $3,630 $165,009 $15,450 $149,559
2019 $3,587 $160,235 $18,540 $141,695
2018 $2,846 $151,019 $18,540 $132,479
2017 $2,665 $134,794 $12,360 $122,434
2016 $3,072 $126,451 $0 $0
2015 $2,988 $119,778 $0 $0
2014 $2,982 $118,191 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Daytona Beach Area Association of REALTORS®

MLS Number: 1043174

Daytona Beach Area Association of REALTORS®

APN: 029865-0170