NOT LISTED FOR SALE

509 SW 9th St Unit 1 Belle Glade, FL 33430

Estimated Value: $228,000 - $408,000

8 Beds
4 Baths
2,350 Sq Ft
$148/Sq Ft Est. Value

Last Sold May 05, 2023

Last sale price $220,000 $94 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $2,271/month

93 Days on Market

Highlights

  • Water Views
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Interior Lot
  • Terrazzo Flooring

About This Home

As of May 2023

Great opportunity quadplex fully rented. Unit breakdown: 4 units are 2 bedrooms 1 bath. Some units are more updated than others with upgraded electrical panels, newer water heaters and brand-new roof This property needs to be purchased simultaneously with property 505 SW 9th Street, Belle Glade

Last Agent to Sell the Property

Elizabeth Strehse

Casteland Real Estate Corp License #3033981 Listed on: 01/31/2023

Last Buyer's Agent

Shali Zhou

Highlight Realty Corp/LW License #3231984

Highlight Realty Corp/LW

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,926

Year Built

  • Built in 1960

Lot Details

  • 6,534 Sq Ft Lot
  • Interior Lot

Home Design

  • Composition Roof

Interior Spaces

  • 2,350 Sq Ft Home
  • 2-Story Property
  • Single Hung Metal Windows
  • Water Views

Flooring

  • Terrazzo
  • Vinyl

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 04374342020020110

Community Details

Overview

  • 4 Units
  • Baileys Sub 5 Subdivision

Building Details

  • Operating Expense $5,676
  • Net Operating Income $16,554

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,926

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: SOUTH: N. US 27 TO PALM BEACH RD/MAIN ST. FOLLOW MAIN ST. TO S. MLK CONTINUE ON MLK TO SW 9TH ST. NORTH: SOUTHERN BLVD./SR 80/MAIN ST, FOLLOW MAIN ST TO S MLK CONTINUE TO SW 9TH ST
  • Year Built: 1960
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Terrazzo, Vinyl
  • Living Area: 2350.0
  • Window Features: Metal, Single Hung

Exterior Features

  • View: Other, Water
  • Lot Features: Interior Lot, < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric, Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 04374342020020110
  • Lot Size Sq Ft: 6534.0
  • Zoning Description: R2(cit
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 16554.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 5676.0

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2926.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2023
Closed on
May 5, 2023
Sold by
J & D Rentals Inc
Bought by
Bg Fl Rental Llc
Seller's Agent
Elizabeth Strehse
Casteland Real Estate Corp
Buyer's Agent
Shali Zhou
Highlight Realty Corp/LW
List Price
$265,000
Sold Price
$220,000
Premium/Discount to List
-$45,000
-16.98%
Views
45
Current Estimated Value
$347,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,333
Avg. Annual Appreciation
19.28%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bg Fl Rental Llc $1,100,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2023 05/05/23 Sold $220,000 -17.0% $94 / Sq Ft
01/31/2023 01/31/23 For Sale $265,000 -- $113 / Sq Ft
Source: BeachesMLS

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 $5,388 $209,173 -- --
2023 $3,515 $91,369 $45,283 $172,833
2022 $2,926 $83,063 $0 $0
2021 $2,742 $128,643 $7,000 $121,643
2020 $2,538 $115,888 $7,000 $108,888
2019 $2,395 $106,135 $7,000 $99,135
2018 $2,156 $93,704 $7,272 $86,432
2017 $1,792 $51,575 $5,817 $45,758
2016 $923 $52,364 $0 $0
2015 $1,864 $52,364 $0 $0
2014 -- $47,793 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Strehse

    Seller's Agent in 2023

    Elizabeth Strehse

    Casteland Real Estate Corp

    (954) 816-0756

    37 in this area

    62 Total Sales

    Elizabeth Strehse
    Section Image

  • S

    Buyer's Agent in 2023

    Shali Zhou

    Highlight Realty Corp/LW

    (561) 703-6278

    4 in this area

    13 Total Sales

    Shali Zhou
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10862524

BeachesMLS

APN: 04-37-43-42-02-002-0110

Florida Palm Beach County Belle Glade 33430

509 SW 9th St Unit 1, Belle Glade, FL

Not Listed for Sale

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