NOT LISTED FOR SALE
13 Beds
8 Baths
4,033 Sq Ft
2,633 Sq Ft Lot

Last Sold October 28, 2024

Last sale price $2,090,000 $518 Per Sq Ft

26 Days on Market

Highlights

  • 0.06 Acre Lot
  • Wood Flooring
  • Gentle Sloping Lot
  • Deck
  • Fenced
  • 2-minute walk to Sumner-Lamson Playground

About This Home

As of October 2024

INVESTORS TAKE NOTE!! Welcome to 492 Sumner Street, a recently renovated four-family in the desirable Jeffries Point neighborhood. The property underwent a comprehensive construction program including new mechanical systems with central heat/AC, in-unit laundry, hardwood floors, shaker style white cabinets, quartz countertops, as well as stainless steel appliances. Additional unit features include sub-metered utilities and rear balconies with backyard access. The building is also sprinklered to meet life safety codes. The expansive unit mix consists of one (1) 2-bed/2-bath, one (1) 3-bed/2-bath, and two (2) 4-bed/2-bath units, which is ideal for maximizing bedroom count and cash-flow. The best of Jeffries Point is at your fingertips with close proximity to Piers Park, public transit, and the marina, as well as great neighborhood bars/restaurants. This property presents a unique opportunity for an investor to supplement their portfolio as interest rates continue to trend downwards.

Last Agent to Sell the Property

Michael Sellers

Odessit Capital Listed on: 09/05/2024

Last Buyer's Agent

Anthony Fava

Sun Property Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,263

Year Built

  • Built in 2019

Lot Details

  • 2,633 Sq Ft Lot
  • Fenced
  • Gentle Sloping Lot

Home Design

  • Quadruplex
  • Stone Foundation

Interior Spaces

  • 4,033 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 8 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck
  • Rain Gutters

Utilities

  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $14,525
  • Assessor Parcel Number 1329313

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Building Details

  • Operating Expense $32,601
  • Net Operating Income $141,698

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,263

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family - 4 Units Up/Down
  • Year Built: 2019
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Renovated Since
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Owner
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood
  • Fireplace YN: No
  • Total Bedrooms: 13
  • Full Bathrooms: 8
  • Total Bathrooms: 8
  • Basement: Full, Finished, Walk-Out Access
  • Living Area: 4033
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN7407
  • MAIN SO: NB4392

Exterior Features

  • Exterior Features: Rain Gutters
  • Fencing: Fenced
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Wood
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers, Individually Metered
  • Water Source: Public
  • Hot Water: Natural Gas, Tankless

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: 1329313
  • Zoning: EBR-3
  • Farm Land Area Units: Square Feet
  • Lot Features: Gentle Sloping
  • Lot Size Acres: 0.06
  • Lot Size Sq Ft: 2633
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 14263.3

Multi Family

  • Net Operating Income: 141698
  • Number Of Units Total: 4
  • Operating Expense: 32601
  • Total Actual Rent: 14525
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/28/2024 10/28/24 Sold $2,090,000 -12.9% $518 / Sq Ft
10/01/2024 10/01/24 Pending -- -- --
09/05/2024 09/05/24 For Sale $2,399,000 +160.5% $595 / Sq Ft
10/01/2019 10/01/19 Sold $921,000 -3.1% $286 / Sq Ft View Prior Sale
07/25/2019 07/25/19 Pending -- -- --
07/23/2019 07/23/19 For Sale $950,000 -- $295 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73286026

MLS Property Information Network (MLS PIN)

APN: EBOS W:01 P:05108 S:000