NOT LISTED FOR SALE
-- Bed
-- Bath
4,924 Sq Ft
0.26 Acre Lot

Sale Details

Date Sold: July 29, 2021

Last sale price $855,000 $174 Per Sq Ft

22 Days on Market

Highlights

  • Waterfront
  • Cooling Available
  • Landscaped
  • No HOA
  • Tile Flooring
  • 3-minute walk to Sunshine Drive Park

About This Home

As of July 2021

Beautiful sunset views looking down the canal from this two story, six unit apartment building. Property is located in quiet residential neighborhood with two nearby parks and golf range. Broward College North Campus is conveniently in the area. Four 2/2’s and two 1/1’s each with central A/C, dishwasher, & walk-in closet. Good upside due to below market rents to bring 5% cap rate. Figures shown are projected income with 2020 actual expenses, please call for further details. Owner of past 28 years is retiring! Please drive by only and do not disturb tenants.

Last Agent to Sell the Property

Ross Z. Herman

The Keyes Company License #372598 Listed on: 06/07/2021

The Keyes Company

Last Buyer's Agent

Louie Granteed

Tobin Real Estate, Inc. License #3292689

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,097

Year Built

  • Built in 1975

Lot Details

  • 11,234 Sq Ft Lot
  • Waterfront
  • Landscaped

Home Design

  • Shingle Roof
  • Composition Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,924 Sq Ft Home
  • 2-Story Property
  • Tile Flooring
  • Fire and Smoke Detector

Parking

  • 7 Parking Spaces
  • Common or Shared Parking

Additional Features

  • City Lot
  • Cooling Available

Listing and Financial Details

  • Total Actual Rent $90,846
  • Tenant pays for electricity
  • Assessor Parcel Number 484232101340

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $2,260
  • Maintenance Expense $6,971
  • Other Expense $80,893
  • New Taxes Expense $11,613
  • Operating Expense $34,939
  • Gross Income $90,846
  • Net Operating Income $55,907

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,097

Year Built

Built in 1975

Lot Details

0.26 Acres

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1975
  • Ownership: Sole Proprietor
  • Property Sub Type: Multi Family
  • Directions: From Atlantic Blvd at Lyons Road - north on Lyons Rd to Coconut Creek Pkwy, east to NW 43 Ave, south to NW 3 Ct, east to NW 42 Ave, turn right & follow curve (becomes Lake Dr) to Sunshine Way, turn right to Sunshine Dr, turn left & property is on left.
  • Horses: No
  • Inclusions: Land Only, Business; Building And Land
  • New Construction: No
  • Road Frontage Type: City Street, City
  • Building Stories: 2
  • Structure Type: Multi Family
  • Year Built Details: Resale
  • LastStatus: Active
  • CurrentPrice: 855000
  • ShowingTimeFlag: No
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Other, Tile
  • Number Of Buildings: 1
  • Stories: 2

Exterior Features

  • Roof: Comp Shingle Roof, Composition Roll, Shingle
  • Construction Type: CBS Construction
  • Disclosures: Disclosure
  • Lot Features: City Location, 1/4 To Less Than 1/2 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Common
  • Total Parking Spaces: 7

Utilities

  • Sewer: Public Sewer, Public Sanitation, Sewer
  • Water Source: Public
  • Green Building Features: Laundry Facility, Landscaped, Laundry Facilities
  • Cooling: Central Individual A/C
  • Cooling Y N: Yes
  • Electric: Separate Meters
  • Electricity On Property: Yes
  • Security: Smoke Alarm, Smoke Detector(s), Smoke Detector

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 484232101340
  • Current Use: Income Waterfront
  • Lot Size Sq Ft: 11234
  • Zoning: RM-10

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Net Operating Income: 55907
  • Insurance Expense: 2260
  • Annual Gross Income: 90846
  • Maintenance Expense: 6971
  • Number Of Units In Community: 6
  • Number Of Units Total: 6
  • Annual Operating Expense: 34939
  • Total Actual Rent: 90846

Tax Info

  • Tax Year: 2020
  • New Taxes Expense: 11613
  • Tax Annual Amount: 12097

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2021
Closed on
Jul 28, 2021
Sold by
Bought by
Seller's Agent
Ross Z. Herman
The Keyes Company
Buyer's Agent
Louie Granteed
Tobin Real Estate, Inc.
List Price
$995,000
Sold Price
$855,000
Premium/Discount to List
-$140,000
-14.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
0.0293%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 17, 1993
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,085,000 Attorneys Key Title
$855,000 Attorney
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $813,750
Previous Owner $660,000
Previous Owner $675,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/29/2021 07/29/21 Sold $855,000 -14.1% $174 / Sq Ft
06/29/2021 06/29/21 Pending -- -- --
06/07/2021 06/07/21 For Sale $995,000 -- $202 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $22,686 $1,013,730
2025 $21,035 $921,580
2024 $17,529 $921,580
2023 $17,529 $761,640 $101,110 $660,530
2022 $16,926 $750,060 $101,110 $648,950
2021 $13,513 $529,300 $0 $0
2020 $12,097 $640,040 $101,110 $538,930
2019 $11,339 $612,240 $101,110 $511,130
2018 $10,878 $660,880 $101,110 $559,770
2017 $9,969 $361,540 $0 $0
2016 $9,095 $328,680 $0 $0
2015 $8,156 $298,800 $0 $0
2014 $7,500 $271,640 $0 $0
2013 -- $265,040 $101,110 $163,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: F10287379

MIAMI REALTORS® MLS

APN: 48-42-32-10-1340

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