NOT LISTED FOR SALE
-- Beds
9 Baths
15,489 Sq Ft
1.1 Acre Lot

Sale Details

Date Sold: May 17, 2024

Last sale price $5,750,000 $371 Per Sq Ft

117 Days on Market

Highlights

  • 1.1 Acre Lot
  • No HOA
  • Guest Parking
  • Harbordale Elementary School Rated A-
  • Tile Flooring
  • Fenced

About This Home

As of May 2024

Prime Investment Opportunity in Victoria ParkOffered at $7,500,000Nestled in the heart of Victoria Park, this unique property presents an exceptional investment opportunity. For sale are a total of 27 units, seamlessly blending modern amenities with a prime location. Situated on over an acre of land, this investment includes the following adjacent properties:840 NE 17th Avenue, Fort Lauderdale828 NE 17th Avenue, Fort Lauderdale832 NE 17th Avenue, Fort Lauderdale820 NE 17th Avenue, Fort Lauderdale1702 NE 9th Street, Fort LauderdaleThe units, currently occupied by a mix of short- and long-term tenants. Notable upgrades include the replacement of windows and doors with impact glass and newer roofs.

Last Buyer's Agent

Gamila Cohen

Castelli Ft.Lauderdale RE Serv License #3240294

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,931

Year Built

  • Built in 1972

Lot Details

  • 1.1 Acre Lot
  • Fenced

Home Design

  • Shingle Roof
  • Composition Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 15,489 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Flooring

  • Tile
  • Vinyl

Parking

  • 34 Parking Spaces
  • Common or Shared Parking
  • Guest Parking

Location

  • City Lot

Utilities

  • Cooling Available
  • Heating Available
  • 200+ Amp Service

Listing and Financial Details

  • Assessor Parcel Number 494234060170

Community Details

Overview

  • No Home Owners Association
  • 7 Buildings
  • 27 Units

Building Details

  • Other Expense $735,422
  • Operating Expense $367,711
  • Net Operating Income $407,718

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,931

Year Built

Built in 1972

Lot Details

1.1 Acres

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1972
  • Property Sub Type: Multi Family
  • Business Type: Business, Hotel/Motel
  • Horses: No
  • Inclusions: Fixtures, Furniture/Fixtures
  • Lot Size Acres: 1.1
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Commercial Condo, Commercial, Hotel/Motel, Multi Family
  • Year Built Details: Resale
  • LastStatus: Pending
  • CurrentPrice: 5750000
  • ShowingTimeFlag: No
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Tile, Vinyl
  • Number Of Buildings: 7
  • Stories: 2

Exterior Features

  • Roof: Comp Shingle Roof, Composition Roll, Shingle
  • Construction Type: Concrete Block Construction, CBS Construction
  • Fencing: Fenced
  • Lot Features: City Location, Near Seaport, Fenced
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Parking Features: Common, Guest
  • Total Parking Spaces: 34

Utilities

  • Sewer: Public Sewer, Public Sanitation, Sewer
  • Water Source: Public
  • Cooling: Central Building A/C, Central Individual A/C
  • Cooling Y N: Yes
  • Electric: 200+ Amp Service, Separate Meters
  • Electricity On Property: Yes
  • Heating: Central Building A/C, Central Individual A/C
  • Heating Yn: Yes
  • Security: Smoke Alarm, Smoke Detector(s), Fire Alarm, Smoke Detector

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 494234060170
  • Lot Size Sq Ft: 10125
  • Zoning: RMM-25

Multi Family

  • Net Operating Income: 407718
  • Number Of Units In Community: 27
  • Number Of Units Total: 27
  • Annual Operating Expense: 367711

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 28931

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Victoria Park, FL

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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
$5,750,000 None Listed On Document
V P Ne 17Th Ave Llc $3,725,000 Aces Title Agency Llc
17 Ave Vp Llc $2,120,000 None Available
Savino Michael -- --
Blanchette Gary R $255,000 --
Ulbrich John O $96,000 --
Available Not $225,000 --
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 $3,300,000
Previous Owner V P Ne 17Th Ave Llc $2,677,000
Previous Owner 17 Ave Vp Llc $1,500,000
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
05/17/2024 05/17/24 Sold $5,750,000 -23.3% $371 / Sq Ft
04/17/2024 04/17/24 Pending -- -- --
12/22/2023 12/22/23 For Sale $7,500,000 0.0% $484 / Sq Ft
10/13/2020 10/13/20 Rented $1,350 0.0% --
09/13/2020 09/13/20 Under Contract -- -- --
08/13/2020 08/13/20 For Rent $1,350 0.0% --
05/30/2020 05/30/20 Rented $1,350 0.0% --
04/30/2020 04/30/20 Under Contract -- -- --
03/23/2020 03/23/20 For Rent $1,350 -- --
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 $35,202 $1,813,100
2025 $28,670 $1,423,090 $253,130 $1,169,960
2024 $31,893 $1,332,030 $253,130 $1,078,900
2023 $31,893 $1,471,260 $0 $0
2022 $28,931 $1,337,510 $0 $0
2021 $26,236 $1,215,920 $0 $0
2020 $23,998 $1,105,390 $151,880 $953,510
2019 $23,533 $1,115,630 $151,880 $963,750
2018 $18,945 $936,500 $151,880 $784,620
2017 $17,517 $823,430 $0 $0
2016 $14,560 $601,750 $0 $0
2015 $13,159 $547,050 $0 $0
2014 $12,291 $497,320 $0 $0
2013 -- $505,180 $151,880 $353,300
Source: Public Records

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Map

Source: MIAMI REALTORS® MLS

MLS Number: F10415067

MIAMI REALTORS® MLS

APN: 49-42-34-06-0170

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