NOT LISTED FOR SALE

Estimated Value: $519,582

Studio
3 Baths
1,977 Sq Ft
$263/Sq Ft Est. Value

Sale Details

Date Sold: August 5, 2016

Last sale price $272,500 $138 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $3,700 / mo

22 Days on Market

Highlights

  • Garden View
  • Patio
  • Central Heating and Cooling System
  • No HOA
  • Ceramic Tile Flooring
  • Ceiling Fan

About This Home

As of August 2016

Very Profitable Triplex, 8% + Cap Rate, $32,400 Annual Rent Roll. Perfect Location in middle of a Very Nice, Well Kept Neighborhood. Two Units Fully Remodeled W/New Tiling, New Cabinets, New SS Appliances, New Bath Tile & Fixtures. Two units are 1/1 & one unit is 2/1, separate electric meters, all units have cable access, owner currently pays water, largest unit has washer/dryer, storage room on property for additional income. Rent all three units for Nice Profit or live in one unit & rent out the others to pay your mortgage. Unit #1 & #2 just signed $900 month lease, still receiving 4-6 inquiries per day at $900 rent, you can ''very easily'' increase rent amounts, unit #3 is currently month-to-month at $900 and will need repair once vacated, Drive-by but PLEASE DO NOT BOTHER TENANTS.

Last Buyer's Agent

Newmon Mathai

Sobri Realty Group LLC License #3238158

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,470

Year Built

  • Built in 1972

Lot Details

  • 6,721 Sq Ft Lot
  • Fenced

Parking

  • Open Parking

Home Design

  • Triplex
  • Composition Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3 Bathrooms
  • 1,977 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Vertical Blinds
  • Garden Views
  • Washer

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $32,400
  • Assessor Parcel Number 40434503100180180

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Lantana Subdivision

Building Details

  • Gross Income $32,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,470

Year Built

Built in 1972

Lot Details

6,721 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1972
  • Property Sub Type: Triplex
  • Directions: Exit I-95 at Lantana Rd & head East approx one mile to traffic light at Broadway, take a right on Broadway, go approx 1/2 mile to W Pine St, right on W Pine to property
  • Horses: No
  • Unit Levels: 1
  • Lot Size Acres: 0.15
  • New Construction: No
  • Road Frontage Type: Public Road
  • Building Stories: 1
  • Structure Type: Triplex
  • Subdivision Name: LANTANA
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • LastStatus: Pending
  • CurrentPrice: 272500
  • UnitTypeDescription: Kitchen
  • UnitTypeDescription: Kitchen
  • MIAMIRE_Equipment: Air Conditioning Unit, Dishwasher, Microwave, Range, Refrigerator, Washer
  • UnitTypeDescription: Kitchen
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Carpet, Ceramic Floor
  • Living Area: 1977
  • Stories: 1
  • Window Features: Blinds, Verticals
  • MIAMIRE_FurnishedYN: No
  • MIAMIRE_FurnishedYN: No

Exterior Features

  • Roof: Composition Roll
  • View: Garden
  • Construction Type: CBS Construction
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot, Fenced, Sidewalk
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • MIAMIRE_Parking: Open Parking
  • MIAMIRE_Parking: Open Parking
  • MIAMIRE_Parking: Open Parking

Utilities

  • Sewer: At Site, Public Sewer, Other, Public Sanitation, Sewer
  • Water Source: Public
  • Green Building Features: Sidewalk
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Association: No
  • Community Features: Public Road, Street Lights

Lot Info

  • Parcel Number: 40434503100180180
  • Lot Size Sq Ft: 6721
  • Zoning: R15(ci

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 4470

Multi Family

  • Annual Gross Income: 32400
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Total Actual Rent: 32400

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
Jul 14, 2016
Closed on
Aug 5, 2016
Sold by
Bought by
Buyer's Agent
Newmon Mathai
Sobri Realty Group LLC
List Price
$285,000
Sold Price
$272,500
Premium/Discount to List
-$12,500
-4.39%
Current Estimated Value
$519,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$247,082
Avg. Annual Appreciation
6.66%

Purchase Details

Listed on
Jun 24, 2014
Closed on
Aug 6, 2014
Sold by
Bought by
Seller's Agent
Sallie Poletto-Cavanaugh
P&S Group Inc.
Buyer's Agent
Doron Landrich
Landrich Real Estate, Inc.
List Price
$219,000
Sold Price
$192,000
Premium/Discount to List
-$27,000
-12.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.13%

Purchase Details

Closed on
Aug 14, 2009
Sold by
Bought by

Purchase Details

Closed on
Mar 9, 2007
Sold by
Bought by

Purchase Details

Closed on
Feb 7, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
5.6%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 1, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 25, 1999
Sold by
Bought by

Purchase Details

Closed on
Sep 28, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$272,500 None Available
$192,000 Renaissance Title Corp
-- None Available
-- Attorney
-- --
$159,000 --
$100 --
$80,500 --
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
Previous Owner $182,000
Previous Owner $144,000
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 Prior Sale
08/05/2016 08/05/16 Sold $272,500 -4.4% $138 / Sq Ft
07/14/2016 07/14/16 For Sale $285,000 +48.4% $144 / Sq Ft
08/06/2014 08/06/14 Sold $192,000 -12.3% $97 / Sq Ft View Prior Sale
07/07/2014 07/07/14 Pending -- -- --
06/24/2014 06/24/14 For Sale $219,000 -- $111 / 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
2025 $10,067 $460,249
2024 $10,067 $418,408
2023 $8,964 $380,371 $0 $0
2022 $8,641 $345,792 $0 $0
2021 $7,723 $317,714 $153,900 $163,814
2020 $7,228 $298,288 $131,100 $167,188
2019 $6,754 $274,500 $114,000 $160,500
2018 $6,004 $236,180 $107,588 $128,592
2017 $5,657 $227,459 $86,071 $141,388
2016 $4,805 $180,439 $0 $0
2015 $4,470 $164,035 $0 $0
2014 $4,323 $136,467 $0 $0
Source: Public Records

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Map

Source: MIAMI REALTORS® MLS

MLS Number: R10250831

MIAMI REALTORS® MLS

APN: 40-43-45-03-10-018-0180

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