NOT LISTED FOR SALE

Estimated Value: $1,000,586 - $1,057,000

6 Beds
3 Baths
2,678 Sq Ft
$384/Sq Ft Est. Value

Sale Details

Date Sold: October 11, 2016

Last sale price $330,000 $123 Per Sq Ft

Est. 212% increase in value since last sale

Current estimated payment $6,573 / mo

84 Days on Market

Highlights

  • Built in 1971 | Newly Remodeled
  • Terrazzo Flooring
  • Fenced
  • No HOA
  • Central Heating and Cooling System
  • Picture Window

About This Home

As of October 2016

Great triplex investment opportunity located minutes from the beach. This income producing property is located close to major roads, shops, restaurants, & many more attractions that will interest prospective tenants. With close proximity to restaurants, beaches, and you can also market this investment on Airbnb. All units in this property are 2/1 and currently at a 7% cap. This is a great investment that will pay for itself over time. Please do not disturb the tenants.

Last Agent to Sell the Property

Christopher Hall

Compass Florida, LLC License #3252531 Listed on: 05/17/2016

Compass Florida, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,671

Year Built

  • Built in 1971 | Newly Remodeled

Lot Details

  • 7,013

Parking

  • 5 Parking Spaces

Home Design

  • Triplex
  • Concrete Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,678 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Picture Window

Flooring

  • Terrazzo
  • Ceramic Tile

Additional Features

  • Fenced
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $34,200
  • Rent includes hot water, sewer, trash collection, water
  • Assessor Parcel Number 484236030180

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Ocean Way Park 5 21 B Condos
  • Ocean Way Park 5 21 B Subdivision

Building Details

  • Operating Expense $7,000
  • Net Operating Income $27,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,671

Year Built

Built in 1971 | Newly Remodeled

Lot Details

7,013 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1971
  • Property Sub Type: Triplex
  • Architectural Style: Attached
  • Directions: From I95 head east on E Atlantic Blvd toward NE 1st Ave. Turn left onto NE 15th Ave. Turn left onto NE 2nd St. Turn left at the 1st cross street onto NE 14th Ave. Destination will be on the right.
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Triplex
  • Subdivision Name: Ocean Way Park 5-21 B
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Spa Yn: No
  • Flooring: Ceramic Floor, Terrazzo
  • Living Area: 2678
  • Possible Use: Investment
  • Stories: 1
  • Window Features: Blinds, Picture Window

Exterior Features

  • Roof: Concrete
  • Construction Type: CBS Construction
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • Property Condition: New Construction
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: Ocean Way Park 5-21 B
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 484236030180
  • Zoning: B-1
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Multi Family

  • Net Operating Income: 27200
  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Annual Operating Expense: 7000
  • Total Actual Rent: 34200

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 4671

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

Closed on
Jul 9, 2025
Sold by
Bought by
Current Estimated Value
$1,028,897

Purchase Details

Listed on
May 17, 2016
Closed on
Oct 16, 2016
Sold by
Bought by
Seller's Agent
Christopher Hall
Compass Florida, LLC
List Price
$360,000
Sold Price
$330,000
Premium/Discount to List
-$30,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.45%
Original Mortgage
$247,500
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Listed on
May 17, 2016
Closed on
Oct 1, 2016
Sold by
Bought by
Seller's Agent
Christopher Hall
Compass Florida, LLC
List Price
$360,000
Sold Price
$330,000
Premium/Discount to List
-$30,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 27, 2015
Sold by
Bought by

Purchase Details

Closed on
May 29, 2002
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
$163,400
Interest Rate
6.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 3, 1999
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
$128,000
Interest Rate
7.66%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$1,000,000 Gold Coast Title
-- The Title Connection
$330,000 The Title Connection
-- Attorney
$217,500 --
$160,000 --
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 $247,500
Previous Owner $163,400
Previous Owner $128,000
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
10/11/2016 10/11/16 Sold $330,000 -8.3% $123 / Sq Ft
08/09/2016 08/09/16 Pending -- -- --
07/18/2016 07/18/16 For Sale $360,000 0.0% $134 / Sq Ft
07/12/2016 07/12/16 Pending -- -- --
06/26/2016 06/26/16 Price Changed $360,000 -4.0% $134 / Sq Ft
05/17/2016 05/17/16 For Sale $375,000 -- $140 / 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
2026 $11,996 $894,640 $174,800 $719,840
2025 $11,030 $503,580 -- --
2024 $10,307 $503,580 -- --
2023 $10,307 $416,190 $0 $0
2022 $8,540 $378,360 $48,940 $329,420
2021 $8,366 $368,080 $0 $0
2020 $7,553 $349,250 $48,940 $300,310
2019 $6,887 $304,200 $48,940 $255,260
2018 $7,981 $374,260 $48,940 $325,320
2017 $6,966 $326,160 $0 $0
2016 $5,093 $205,920 $0 $0
2015 $4,671 $187,200 $0 $0
2014 $4,282 $170,190 $0 $0
2013 -- $183,520 $48,940 $134,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10085199

MIAMI REALTORS® MLS

APN: 48-42-36-03-0180

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