NOT LISTED FOR SALE

Estimated Value: $722,000 - $794,000

3 Beds
2 Baths
3,000 Sq Ft
$251/Sq Ft Est. Value

Last Sold October 09, 2018

Last sale price $420,000 $140 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $5,345/month

30 Days on Market

Highlights

  • Newly Remodeled
  • Cooling Available
  • Heating Available
  • No HOA
  • Tile Flooring
  • 1-Story Property

About This Home

As of October 2018

Excellent opportunity to buy and fully leased Fourplex in Fort Lauderdale. Tenants screening process includes credit and background checks, yearly leases with security deposits. Rents payments are done online. Tile floors, central AC for each unit, renovated kitchens, Annual Gross Income of $ 48,600. Strong 7.3% CAP Rate, Ideal for an owner-occupied purchase. FHA programs allow as low as 3.5% for qualified buyers. Let the tenants pay your mortgage. This property is sold "AS-IS" with the right to inspect.

Last Agent to Sell the Property

santiago salazar

Sigma Real Estate & Investment License #0632780 Listed on: 08/20/2018

Last Buyer's Agent

Vanessa Sacio

United Realty Group, Inc License #3124569

United Realty Group, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,168

Year Built

  • Built in 1973 | Newly Remodeled

Lot Details

  • 7,492

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,000 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • No Home Owners Association
  • 4 Units
  • Oriole Estates Sec 8 Condos
  • Oriole Estates Sec 8 Subdivision

Listing and Financial Details

  • Rent includes sewer
  • Assessor Parcel Number 494220000175

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,168

Year Built

Built in 1973 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1973
  • Property Sub Type: Quadruplex
  • Architectural Style: Detached
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: ORIOLE ESTATES SEC 8
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 3000
  • Possible Use: Investment
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Construction Type: CBS Construction
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Pool Private: No
  • Property Condition: New Construction
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: ORIOLE ESTATES SEC 8
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 494220000175
  • Zoning: multi
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Sewer

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 8168

Multi Family

  • Number Of Units In Community: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2018
Closed on
Oct 8, 2018
Sold by
Ultracow Llc
Bought by
Lufe Prpoerty Managment Llc
Seller's Agent
santiago salazar
Sigma Real Estate & Investment
Buyer's Agent
Vanessa Sacio
United Realty Group, Inc
List Price
$439,999
Sold Price
$420,000
Premium/Discount to List
-$19,999
-4.55%
Current Estimated Value
$752,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332,173
Avg. Annual Appreciation
9.43%

Purchase Details

Closed on
Jul 28, 2017
Sold by
Bentley Capital Partners Llc
Bought by
Ultracow Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,377,100
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 17, 2014
Sold by
Bank Of America Na
Bought by
Bentley Capital Partners Llc

Purchase Details

Closed on
Feb 25, 2014
Sold by
Brown Sammy and Pester Stuart N
Bought by
Bank Of America Na

Purchase Details

Closed on
Jan 30, 2002
Sold by
Mischley Craig
Bought by
Brown Sammy and Pester Stuart N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
7.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 2, 2000
Sold by
Daley Lloyd S and Daley Evelyn S
Bought by
Mischley Craig

Purchase Details

Closed on
Mar 9, 1999
Sold by
Daley Lloyd S
Bought by
Daley Lloyd S and Daley Evelyn S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,000
Interest Rate
6.79%
Mortgage Type
Commercial

Purchase Details

Closed on
May 13, 1994
Sold by
Axelrod M Richard and Axelrod Nancy
Bought by
Daley Lloyd S
Source: Public Records

Range of Values:

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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
Lufe Prpoerty Managment Llc $420,000 First International Title Ll
Ultracow Llc $7,000 Attorney
Bentley Capital Partners Llc $137,600 Attorney
Bank Of America Na $150,200 None Available
Brown Sammy $155,000 Preferred Title & Escrow Inc
Mischley Craig $147,500 --
Daley Lloyd S $100 --
Daley Lloyd S $122,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ultracow Llc $4,377,100
Previous Owner Brown Sammy $35,000
Previous Owner Brown Sammy $124,000
Previous Owner Daley Lloyd S $134,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2018 10/09/18 Sold $420,000 -4.5% $140 / Sq Ft
08/20/2018 08/20/18 For Sale $439,999 -- $147 / Sq Ft
Source: MIAMI REALTORS® 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
2025 $14,962 $548,130 -- --
2024 $13,920 $548,130 -- --
2023 $13,920 $453,000 $0 $0
2022 $12,358 $411,820 $22,520 $389,300
2021 $12,096 $393,850 $22,520 $371,330
2020 $11,283 $360,680 $22,520 $338,160
2019 $11,099 $351,000 $22,520 $328,480
2018 $9,288 $280,500 $22,520 $257,980
2017 $8,168 $222,030 $0 $0
2016 $7,584 $201,850 $0 $0
2015 $7,119 $183,500 $0 $0
2014 $6,032 $117,810 $0 $0
2013 -- $130,100 $22,520 $107,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10523497

MIAMI REALTORS® MLS

APN: 49-42-20-00-0175