$1,275,000
SOLD MAY 30, 2025
-- Bed
-- Bath
3,500 Sq Ft
1925 Built

Recently Sold

$364 Per Sq Ft

9% Below List Price

465 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Laundry Facilities
  • High Impact Windows
  • Ceiling Fan
  • Heating Available

About This Home

As of May 2025

Amazing cash flow investment property, Great desirable rental area, very close to I95 and and a a couple of blocks from intra coastal, turnkey and easily owner managed, meticulously restored 4 unit multifamily , 3 units in one building which consists of two 2/1 and one 4/2 on the second floor with balcony , a cottage in the next building and another one which is laundry room with coin operated machines. All new upgrades including impact windows, newer roof, newer floors and stainless steel appliances, remodeled kitchens and bathrooms, granite counter tops, exterior repairs done , all done approximately 5-6 ears ago. Plenty of parking spaces, plus an additional vacant land, which is part of the property. Please do not walk the property nor disturb the tenants.

Last Agent to Sell the Property

Soheila Marchal

Coldwell Banker Realty License #0557782 Listed on: 02/04/2024

Coldwell Banker Realty

Last Buyer's Agent

Gaetjen Jerome, Realtor

LoKation License #3463213

LoKation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,496

Year Built

  • Built in 1925

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Barrel Roof Shape
  • Tar and Gravel Roof

Interior Spaces

  • 3,500 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • High Impact Windows

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $114,800
  • Rent includes gardener
  • Assessor Parcel Number 74434404130002280

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Southboro Park Condos
  • Southboro Park Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $46,000
  • Net Operating Income $68,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,496

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1925
  • Property Sub Type: Quadruplex
  • Architectural Style: Attached
  • Directions: GPS
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: SOUTHBORO PARK
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Other
  • Living Area: 3500
  • Possible Use: Investment
  • Stories: 2
  • Window Features: Complete Impact Glass, High Impact Windows

Exterior Features

  • Roof: Barrel Roof, Tar & Gravel Roof
  • Construction Type: Other
  • Lot Features: 1/2 To Less Than 3/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: SOUTHBORO PARK
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Green Building Features: Laundry Facility
  • Cooling: Ceiling Fan(s), Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 74434404130002280
  • Zoning: Multifamily

Rental Info

  • Rent Includes: Gardener

Multi Family

  • Net Operating Income: 68800
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Operating Expense: 46000
  • Total Actual Rent: 114800

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 17496

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2024
Closed on
May 28, 2025
Sold by
Preschool Management Ii Inc
Bought by
Leys Patrice
Seller's Agent
Soheila Marchal
Coldwell Banker Realty
Buyer's Agent
Gaetjen Jerome, Realtor
LoKation
List Price
$1,399,900
Sold Price
$1,275,000
Premium/Discount to List
-$124,900
-8.92%
Views
87
Current Estimated Value
$1,290,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,021
Avg. Annual Appreciation
4.12%
Original Mortgage
$938,000
Outstanding Balance
$938,000
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$352,021

Purchase Details

Listed on
Aug 8, 2022
Closed on
Nov 30, 2022
Sold by
Escrow Cash Advance Llc
Bought by
Preschool Management Ii Inc
Seller's Agent
Rebecca Giacobba
LPT Realty, LLC
List Price
$999,000
Sold Price
$900,000
Premium/Discount to List
-$99,000
-9.91%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.95%
Original Mortgage
$340,000
Interest Rate
6.95%
Mortgage Type
Balloon

Purchase Details

Listed on
Nov 24, 2020
Closed on
Jun 8, 2021
Sold by
Golden Lake Investments Of The Palm Beac
Bought by
Escrow Cash Advance Llc
Seller's Agent
Joseph Scheerer
Douglas Elliman
List Price
$818,000
Sold Price
$785,000
Premium/Discount to List
-$33,000
-4.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.54%
Original Mortgage
$581,250
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Nov 24, 2020
Closed on
Jun 2, 2021
Sold by
Christal Investments Llc
Bought by
Golden Lake Investments Of Palm Beaches
Seller's Agent
Joseph Scheerer
Douglas Elliman
List Price
$818,000
Sold Price
$785,000
Premium/Discount to List
-$33,000
-4.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,250
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 1, 2019
Closed on
Jun 24, 2019
Sold by
Pacecon Inspections & Consulting Llc
Bought by
Christal Investments Llc
Seller's Agent
Maria Walden
Real Estate Connect LLC
Buyer's Agent
Joseph Scheerer
Douglas Elliman
List Price
$639,000
Sold Price
$615,000
Premium/Discount to List
-$24,000
-3.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.41%
Original Mortgage
$485,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 23, 2018
Sold by
Demitri John
Bought by
Pacecon Inspection Consulting Llc

Purchase Details

Closed on
Apr 11, 2011
Sold by
Alves Ricardo J and Alves Gloria
Bought by
Demitri John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
30%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 24, 2003
Sold by
Timm Ronald and Timm Lisa
Bought by
Alves Ricardo J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
5.98%

Purchase Details

Closed on
Jun 14, 1996
Sold by
Faulkner John Scott
Bought by
Timm Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,300
Interest Rate
7.94%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $1,275,000 Legacy Title Services
Warranty Deed $900,000 Title Pros Insurance Agency
Warranty Deed $115,000 None Listed On Document
Warranty Deed $785,000 Attorney
Warranty Deed $615,000 Trident Title
Warranty Deed $170,000 Attorney
Warranty Deed $42,000 None Available
Warranty Deed $245,000 Sun Title & Abstract Of Well
Warranty Deed $127,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $938,000 New Conventional
Previous Owner $340,000 Balloon
Previous Owner $581,250 Purchase Money Mortgage
Previous Owner $485,000 Adjustable Rate Mortgage/ARM
Previous Owner $140,000 New Conventional
Previous Owner $85,000 Balloon
Previous Owner $183,750 No Value Available
Previous Owner $114,300 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2025 05/30/25 Sold $1,275,000 -8.9% $364 / Sq Ft
05/14/2025 05/14/25 Pending -- -- --
02/04/2024 02/04/24 For Sale $1,399,900 +55.5% $400 / Sq Ft
12/01/2022 12/01/22 Sold $900,000 -5.2% $264 / Sq Ft
11/10/2022 11/10/22 Pending -- -- --
11/01/2022 11/01/22 Price Changed $949,000 -1.0% $278 / Sq Ft
10/25/2022 10/25/22 Price Changed $959,000 -0.6% $281 / Sq Ft
10/10/2022 10/10/22 Price Changed $965,000 -1.0% $283 / Sq Ft
09/10/2022 09/10/22 Price Changed $975,000 -1.4% $286 / Sq Ft
09/01/2022 09/01/22 Price Changed $989,000 -1.0% $290 / Sq Ft
08/08/2022 08/08/22 For Sale $999,000 +27.3% $293 / Sq Ft
06/02/2021 06/02/21 Sold $785,000 -4.0% $230 / Sq Ft
05/03/2021 05/03/21 Pending -- -- --
11/24/2020 11/24/20 For Sale $818,000 +33.0% $240 / Sq Ft
06/24/2019 06/24/19 Sold $615,000 -3.8% $180 / Sq Ft
05/25/2019 05/25/19 Pending -- -- --
05/01/2019 05/01/19 For Sale $639,000 -- $187 / 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
2024 $17,868 $828,874 -- --
2023 $17,496 $805,679 $231,660 $574,019
2022 $15,982 $716,255 $0 $0
2021 $11,676 $497,354 $178,200 $319,154
2020 $10,784 $451,809 $145,800 $306,009
2019 $4,672 $171,502 $113,400 $58,102
2018 $3,436 $161,057 $109,394 $51,663
2017 $4,864 $120,014 $68,371 $51,643
2016 $2,225 $68,608 $0 $0
2015 $2,179 $62,371 $0 $0
2014 $1,984 $56,701 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11515462

MIAMI REALTORS® MLS

APN: 74-43-44-04-13-000-2280