NOT LISTED FOR SALE

7601 Venetian St Miramar, FL 33023

Miramar Tropical Neighborhood
4 Beds
4 Baths
3,237 Sq Ft
8,276 Sq Ft Lot

Last Sold May 12, 2020

Last sale price $507,500 $157 Per Sq Ft

55 Days on Market

Highlights

  • Newly Remodeled
  • No HOA
  • Central Air
  • Wood Flooring
  • Complete Panel Shutters or Awnings
  • 4-minute walk to Sawyer Park

About This Home

As of May 2020

8% CAP STABILIZED CAP RATE! Income producing Fourplex in Miramar just south of the North Perry Airport. Property is 100% leased. Some interior units have been upgraded with new paint, appliances, kitchens and bathrooms. Tenants are responsible for their utilities - owner/landlord pays water/trash/sewer. First, last and security collected for all tenants, no sec-8. Property can be sold individually or with a second Fourplex located at 7613 Venetian Street, see MLS # TBA for reference. Property is roughly 5 miles from downtown Hollywood's Central Business District. Close proximity to I95, FL-Turnpike, I595, Port Everglades, Fort Lauderdale-Hollywood International Airport and Miami. E-mail the listing agent for Offering Memorandum and additional information.

Last Agent to Sell the Property

Sara Dorfman

MMLS Assoc.-Inactive Member License #3339756 Listed on: 02/05/2020

MMLS Assoc.-Inactive Member

Last Buyer's Agent

Sara Dorfman

MMLS Assoc.-Inactive Member License #3339756 Listed on: 02/05/2020

MMLS Assoc.-Inactive Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,306

Year Built

  • Built in 1964 | Newly Remodeled

Lot Details

  • 8,276

Parking

  • 14 Parking Spaces

Home Design

  • Quadruplex
  • Substantially Remodeled
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,237 Sq Ft Home
  • 1-Story Property
  • Double Hung Metal Windows
  • Complete Panel Shutters or Awnings

Flooring

  • Wood
  • Tile

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Exterior Lighting
  • West of U.S. Route 1

Listing and Financial Details

  • Total Actual Rent $55,000
  • Rent includes gardener, sewer, trash collection, water
  • Assessor Parcel Number 514122040230

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Miramar Sec 16 Condos
  • Miramar Sec 16,Fourplex Subdivision, Fourplex Floorplan

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $13,000
  • Net Operating Income $42,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,306

Year Built

Built in 1964 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1964
  • Property Sub Type: Quadruplex
  • Architectural Style: Ranch
  • Directions: GPS: 7601 Venetian Street Miramar, Florida
  • Horses: No
  • Inclusions: None
  • Master Model: FOURPLEX
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: MIRAMAR SEC 16,FOURPLEX
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 1

Interior Features

  • Spa Yn: No
  • Flooring: Other, Tile, Wood
  • Furnished: Unfurnished
  • Possible Use: Primary
  • Stories: 1
  • Window Features: Complete Panel Shutters/Awnings, Partial Panel Shutters/Awnings, Double Hung Metal, Single Hung Metal

Exterior Features

  • Roof: Shingle
  • Exterior Features: Exterior Lights
  • Construction Type: CBS Construction
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot, West Of US 1
  • Pool Private: No
  • Property Condition: New Construction, Substantially Remodeled
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: MIRAMAR SEC 16
  • Total Parking Spaces: 14

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Green Building Features: Laundry Facility
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 514122040230
  • Zoning: RM-16
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Gardener, Sewer, Trash Collection, Water

Multi Family

  • Net Operating Income: 42000
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Operating Expense: 13000
  • Total Actual Rent: 55000

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 9306

Range of Values:

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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
05/12/2020 05/12/20 Sold $507,500 -3.1% $157 / Sq Ft
03/25/2020 03/25/20 Price Changed $524,000 -0.2% $162 / Sq Ft
02/04/2020 02/04/20 For Sale $525,000 -- $162 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Sara Dorfman

    MMLS Assoc.-Inactive Member

    Section Image
  • Ferdinand Liger

    Buyer Co-Listing Agent in 2020

    Ferdinand Liger

    Ocean World Realty & Invest.

    (305) 588-8048

    35 Total Sales

    Ferdinand Liger
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10812003

MIAMI REALTORS® MLS

APN: 51-41-22-04-0230

Florida Broward County Miramar 33023 Miramar Tropical

7601 Venetian St, Miramar, FL

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