Seller's Agent in 2023
Annakay Roberts
DOUGLAS ELLIMAN
(813) 449-1284
2 in this area
11 Total Sales
836 Dr Martin Luther King jr Blvd Riviera Beach, FL 33404
Estimated Value: $418,000 - $613,000
5
Beds
3
Baths
1,768
Sq Ft
$281/Sq Ft
Est. Value
Highlights
- No HOA
- Porch
- Ceiling Fan
- William T. Dwyer High School Rated A-
- Terrazzo Flooring
- Heating Available
About This Home
As of September 2023Welcome to your investment opportunity in Riviera Beach, Florida – a captivating Triplex property that promises to elevate your real estate portfolio to new heights! This immaculate property boasts three thoughtfully designed and FULLY OCCUPIED rental units, promising a steady stream of $49,200 in annual income from day one. With 7 mins to Singer Island outlets and beach, this exceptional investment opportunity presents a remarkable combination of location, versatility, and income potential. Featuring three rental units two (2) 2 bedroom/one (1) bath units and one (1) one bedroom/1 bath unit, this property offers a diverse range of living arrangements to cater to various lifestyles and preferences, providing you with the opportunity to maximize your investment returns. With all three units occupied and well-maintained, this property offers an immediate revenue stream, making it an enticing prospect for investors. Furthermore, the current rent is under market so there is a potential for increased rental income, enabling you to maximize your return on investment. Whether you are a seasoned investor looking to expand your portfolio or a homeowner seeking an opportunity to generate passive income, this Triplex is a rare find that perfectly encapsulates the real estate investment market. Don't miss out and let this property's true potential captivate you and unlock a world of possibilities! Property sold as is.
Last Agent to Sell the Property
DOUGLAS ELLIMAN Brokerage Phone: 813-509-6604 License #3525261 Listed on: 08/01/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,738
Year Built
- Built in 1958
Lot Details
- 1,924
Home Design
- Triplex
- Block Foundation
- Shingle Roof
- Stucco
Interior Spaces
- 1,768 Sq Ft Home
- Ceiling Fan
- Terrazzo Flooring
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Heating Available
- Cable TV Available
Additional Features
- Porch
- 1,924 Sq Ft Lot
Listing and Financial Details
- Visit Down Payment Resource Website
- Tenant pays for electricity, sewer, water
- Legal Lot and Block 12, 13 / 22
- Assessor Parcel Number 56-43-42-32-01-022-0120
Community Details
Overview
- No Home Owners Association
- 1,924 Sq Ft Building
- Inlet City In Subdivision
Building Details
- Gross Income $49,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 1, 2023
Closed on
Sep 8, 2023
Sold by
Hylton Blake Alexander
Bought by
Lucien Nadine Clerger
Seller's Agent
Annakay Roberts
DOUGLAS ELLIMAN
Buyer's Agent
Stellar Non-Member Agent
Stellar Non-Member Office
List Price
$470,000
Sold Price
$460,000
Premium/Discount to List
-$10,000
-2.13%
Views
75
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,543
Avg. Annual Appreciation
3.73%
Original Mortgage
$345,000
Outstanding Balance
$337,859
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$158,684
Purchase Details
Listed on
Feb 18, 2021
Closed on
Jun 17, 2021
Sold by
Dixon Noel
Bought by
Hylton Blake Alexander
Seller's Agent
Mack Chapman
Complete Real Estate Solutions Inc
List Price
$345,000
Sold Price
$305,000
Premium/Discount to List
-$40,000
-11.59%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.54%
Original Mortgage
$288,183
Interest Rate
2.9%
Mortgage Type
FHA
Purchase Details
Listed on
Jul 2, 2018
Closed on
Jun 5, 2019
Sold by
Pressey Lou Ella and Jordan Lou J
Bought by
Dixon Noel
Seller's Agent
Tonsela Watts
United Realty Group, Inc
Buyer's Agent
Darryl Thomas
Buccaneer Realty Global Inc
List Price
$285,000
Sold Price
$260,000
Premium/Discount to List
-$25,000
-8.77%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.86%
Original Mortgage
$255,290
Interest Rate
3.25%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lucien Nadine Clerger | $460,000 | Baxter Title | |
| Hylton Blake Alexander | $305,000 | First Priority Title Company | |
| Dixon Noel | $260,000 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lucien Nadine Clerger | $345,000 | |
| Previous Owner | Hylton Blake Alexander | $288,183 | |
| Previous Owner | Dixon Noel | $255,290 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/25/2023 09/25/23 | Sold | $460,000 | -2.1% | $260 / Sq Ft | |
| 08/12/2023 08/12/23 | Pending | -- | -- | -- | |
| 08/01/2023 08/01/23 | For Sale | $470,000 | +54.1% | $266 / Sq Ft | |
| 07/13/2021 07/13/21 | Sold | $305,000 | -11.6% | $173 / Sq Ft | View Prior Sale |
| 06/13/2021 06/13/21 | Pending | -- | -- | -- | |
| 02/18/2021 02/18/21 | For Sale | $345,000 | +32.7% | $195 / Sq Ft | |
| 06/05/2019 06/05/19 | Sold | $260,000 | -8.8% | $147 / Sq Ft | View Prior Sale |
| 05/06/2019 05/06/19 | Pending | -- | -- | -- | |
| 07/02/2018 07/02/18 | For Sale | $285,000 | -- | $161 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
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 | $7,884 | $366,993 | -- | -- |
| 2023 | $6,191 | $282,824 | $0 | $0 |
| 2022 | $5,738 | $257,113 | $0 | $0 |
| 2021 | $4,012 | $181,176 | $18,900 | $162,276 |
| 2020 | $2,399 | $144,299 | $18,900 | $125,399 |
| 2019 | $1,889 | $106,772 | $14,850 | $91,922 |
| 2018 | $1,565 | $78,271 | $13,034 | $65,237 |
| 2017 | $1,432 | $65,866 | $9,310 | $56,556 |
| 2016 | $1,290 | $41,584 | $0 | $0 |
| 2015 | $1,176 | $37,804 | $0 | $0 |
| 2014 | $1,146 | $34,367 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Annakay Roberts
-
Stellar Non-Member Agent
S
Buyer's Agent in 2023
Stellar Non-Member Agent
FL_MFRMLS
-
Mack Chapman
M
Seller's Agent in 2021
Mack Chapman
Complete Real Estate Solutions Inc
(602) 758-8147
1 in this area
7 Total Sales
-
Tonsela Watts
T
Seller's Agent in 2019
Tonsela Watts
United Realty Group, Inc
(561) 469-8706
6 in this area
32 Total Sales
-
Darryl Thomas
D
Buyer's Agent in 2019
Darryl Thomas
Buccaneer Realty Global Inc
(561) 248-2764
7 in this area
62 Total Sales
Map
Source: Stellar MLS
MLS Number: T3462081
APN: 56-43-42-32-01-022-0120
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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