NOT LISTED FOR SALE
4 Beds
4 Baths
1,840 Sq Ft
1956 Built

Sale Details

Date Sold: November 22, 2024

Last sale price $1,075,000 $584 Per Sq Ft

71 Days on Market

Highlights

  • Built in 1956 | Newly Remodeled
  • High Impact Windows
  • Ceramic Tile Flooring
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Central Heating

About This Home

As of November 2024

Alerio Group is proud to exclusively bring 891 SW 5 ST in Little Havana to market. This meticulously maintained 4-unit boutique multifamily is comprised of 4x 1/1 units (2x @ $1800, $1600 & $1650). The building has 8 parking spots, impact windows & doors, 5-6 yr. old roof, new fence. This low-maintenance building is easy to own & manage. Room to raise rents. 2x Sec. 8 tenants. One of the best rental markets in the nation. Real estate investments in the multifamily asset class perform well during inflationary periods and serve as an excellent diversification tool for any investment portfolio. This property will not last!

Last Agent to Sell the Property

Richard Collar

Pellego, LLC License #3544220 Listed on: 08/19/2024

Pellego, LLC

Co-Listed By

Angel Fuentes

Pellego, LLC License #3329846

Last Buyer's Agent

Maykel Fernandez

Maykel Fernandez R.E.Broker License #0663605

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,496

Year Built

  • Built in 1956 | Newly Remodeled

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,840 Sq Ft Home
  • 1-Story Property

Flooring

  • Ceramic Tile
  • Vinyl

Home Security

  • High Impact Windows
  • High Impact Door

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating

Additional Features

  • Exterior Lighting
  • Fenced

Listing and Financial Details

  • Total Actual Rent $82,200
  • Rent includes hot water, gardener, sewer, trash collection, water
  • Assessor Parcel Number 01-41-38-005-0012

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Carolina Court A R S Condos
  • Carolina Court A R S Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $15,441
  • Net Operating Income $66,759

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,496

Year Built

Built in 1956 | Newly Remodeled

Listing Details

  • Property Type: Residential Income
  • Year Built: 1956
  • Property Sub Type: Quadruplex
  • Architectural Style: Other
  • Co List Office Mls Id: PLLG01
  • Co List Office Phone: 561-414-4614
  • Directions: Please use GPS navigation
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: CAROLINA COURT A R-S
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor, Tile, Vinyl
  • Living Area: 1840
  • Possible Use: Investment
  • Stories: 1
  • Window Features: Clear Impact Glass, Complete Impact Glass, High Impact Windows, Impact Glass

Exterior Features

  • Roof: Shingle
  • Exterior Features: Exterior Lights
  • 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: CAROLINA COURT A R-S
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Green Building Features: Laundry Facility
  • Cooling: Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-41-38-005-0012
  • Zoning: 3900
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Multi Family

  • Net Operating Income: 66759
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Operating Expense: 15441
  • Total Actual Rent: 82200

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8496

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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
Aug 19, 2024
Closed on
Nov 20, 2024
Sold by
Bought by
Seller's Agent
Richard Collar
Pellego, LLC
Buyer's Agent
Maykel Fernandez
Maykel Fernandez R.E.Broker
List Price
$1,095,000
Sold Price
$1,075,000
Premium/Discount to List
-$20,000
-1.83%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$752,500
Outstanding Balance
$739,026
Interest Rate
6.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 6, 2019
Sold by
Bought by

Purchase Details

Listed on
Jul 20, 2015
Closed on
Sep 18, 2015
Sold by
Bought by
Buyer's Agent
Carlos Olivares
BHHS EWM Realty
List Price
$299,900
Sold Price
$322,000
Premium/Discount to List
$22,100
7.37%

Purchase Details

Closed on
Feb 9, 2015
Sold by
Bought by

Purchase Details

Closed on
Dec 22, 2004
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
$276,000
Interest Rate
5.63%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 28, 1994
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
$1,075,000 None Listed On Document
$642,000 Attorney
$322,000 First International Title
$323,300 None Available
$345,000 --
$108,000 --
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
Open $752,500
Previous Owner $345,500
Previous Owner $276,000
Previous Owner $216,000
Previous Owner $25,000
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
11/22/2024 11/22/24 Sold $1,075,000 -1.8% $584 / Sq Ft
10/29/2024 10/29/24 Pending -- -- --
08/19/2024 08/19/24 For Sale $1,095,000 +240.1% $595 / Sq Ft
09/18/2015 09/18/15 Sold $322,000 +7.4% $175 / Sq Ft View Prior Sale
07/27/2015 07/27/15 Pending -- -- --
07/20/2015 07/20/15 For Sale $299,900 -- $163 / 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 $16,242 $812,600 $420,075 $392,525
2024 $8,850 $416,467
2023 $8,850 $378,607 $0 $0
2022 $7,096 $344,189 $280,050 $64,139
2021 $7,313 $344,189 $280,050 $64,139
2020 $7,214 $338,725 $280,050 $58,675
2019 $6,617 $338,725 $280,050 $58,675
2018 $6,096 $338,331 $224,040 $114,291
2017 $5,441 $244,196 $0 $0
2016 $4,845 $221,997 $0 $0
2015 $3,563 $146,955 $0 $0
2014 $3,246 $133,596 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11643909

MIAMI REALTORS® MLS
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