Seller's Agent in 2014
Jack Britton
Professional Realty
(239) 573-5318
36 Total Sales
609 Nassau St Immokalee, FL 34142
Estimated Value: $447,000 - $1,947,000
56
Beds
28
Baths
--
Sq Ft
2.2
Acres
Highlights
- 2.2 Acre Lot
- Laundry Facilities
- Carpet
- Central Heating and Cooling System
About This Home
As of May 2014Well maintained rental property just off State Highway 29 consisting of 7 contiguous four-plex buildings. All units are spacious 2 bedroom, 1 bath units of approximately 850 SF. Property is on city water and sewer and has an on site coin operated laundry. All tenants have annual leases with deposits and there are no section 8 rentals. Tremendous upside potential as out of area owner's management and operating expenses were 56% of entire 2013 budget. Even with the high expenses and a 9% vacancy the property had an NOI of $71,161.00 or a 5.7% CAP Rate at the asking price. Based on current rents, a 7% vacancy factor, and ordinary operating expenses the property should easily throw off an 8% to 10%+ CAP Rate. Currently 27 of the 28 units are occupied. Propertypackage consists of 601,603,605,607,609,611,and 613 Nassau Street
Last Agent to Sell the Property
Professional Realty License #252000141 Listed on: 02/24/2014
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,531
Year Built
- Built in 1976
Lot Details
- 2.2 Acre Lot
- Lot Dimensions are 700 x 150 x 700 x 150
Home Design
- Quadruplex
- Shingle Roof
- Stucco
Interior Spaces
- Double Hung Windows
- Carpet
Bedrooms and Bathrooms
- 56 Bedrooms
- 28 Full Bathrooms
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for security
- Legal Lot and Block 3 / 1
- Assessor Parcel Number 63910320008
Community Details
Overview
- 7 Buildings
- 2 Units
- South Immokalee Heights Subdivision
Amenities
- Laundry Facilities
Building Details
- Operating Expense $112,000
- Net Operating Income $71,161
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 15, 2018
Sold by
Wilhelm James R
Bought by
Wilhelm James R
Total Days on Market
61
Current Estimated Value
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wilhelm James R | -- | Attorney |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/27/2014 05/27/14 | Sold | $1,100,000 | -12.0% | -- |
| 04/27/2014 04/27/14 | Pending | -- | -- | -- |
| 02/24/2014 02/24/14 | For Sale | $1,250,000 | -- | -- |
Source: Florida Gulf Coast Multiple Listing Service
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $4,259 | $235,348 | $0 | $0 |
| 2022 | $3,978 | $213,953 | $31,500 | $182,453 |
| 2021 | $3,913 | $204,695 | $27,000 | $177,695 |
| 2020 | $3,754 | $197,165 | $18,000 | $179,165 |
| 2019 | $3,510 | $180,626 | $18,000 | $162,626 |
| 2018 | $3,580 | $186,570 | $18,000 | $168,570 |
| 2017 | $3,473 | $180,112 | $18,000 | $162,112 |
| 2016 | $3,189 | $165,022 | $0 | $0 |
| 2015 | $3,025 | $153,248 | $0 | $0 |
| 2014 | $2,728 | $129,767 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jack Britton
-
Darren Schoof
Buyer's Agent in 2014
Darren Schoof
RE 1 Advisor
(239) 280-0733
10 Total Sales
Map
Source: Florida Gulf Coast Multiple Listing Service
MLS Number: 214011171
APN: 63910320008
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