NOT LISTED FOR SALE
7 Beds
4 Baths
3,298 Sq Ft
0.32 Acres

Last Sold August 08, 2019

Last sale price $600,000 $182 Per Sq Ft

74 Days on Market

About This Home

As of August 2019

Amazing Find! 4Plex In The Heart Of Coral Springs. Three Units Are 2 Bed 1 Bath & One 1 Bed 1 Bath. Units Have Central A/C. Some Units Have Updated Kitchens & Bathrooms. Building Is In Excellent Condition With Community Coin Laundry For Additional Income of Around $250 Monthly. Rents Are Way Below Market. Current Annual Income Including Laundry is $55,200 Proforma Income: $69,600. Total Expenses: $18,413. Expenses Include Taxes: $10,773 Lawn: $840 Insurance: $4,000 Water: $2,800. NOI: $36,787. Current Cap is 5.8%. Proforma Cap 8%.

Last Agent to Sell the Property

Carlos Montoya

Fidelity Real Estate Group LLC License #0623048 Listed on: 04/25/2019

Co-Listed By

Natasha Q Realtor

Fidelity Real Estate Group LLC License #3320937

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,773

Year Built

  • Built in 1968

Lot Details

  • 0.32

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Barrel Roof Shape

Interior Spaces

  • 3,298 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $55,200
  • Rent includes gardener, water
  • Assessor Parcel Number 484115030790

Community Details

Overview

  • 4 Units
  • Coral Spgs Village Green Subdivision

Building Details

  • Net Operating Income $36,787

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,773

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: UNIVERSITY DR JUST NORTH OF SAMPLE TO 38TH DR MAKE A RIGHT FOLLOW AROUND BEND BUILDING IS ON YOUR RIGHT SIDE.
  • Year Built: 1968
  • Architectural Style: Fourplex
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 3298.0

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Barrel

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available

Condo/Co-op/Association

  • HOA Rent Includes: Gardener, Water

Lot Info

  • Parcel #: 484115030790
  • Zoning Description: RM-20

Multi Family

  • Property Net Operating Income: 36787.0
  • Number Of Units Total: 4
  • Total Actual Rent: 55200.0

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 10773.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2019
Closed on
Aug 8, 2019
Sold by
Agostino Joseph D
Bought by
Kacheroff Alejandro
Seller's Agent
Carlos Montoya
Fidelity Real Estate Group LLC
List Price
$639,000
Sold Price
$600,000
Premium/Discount to List
-$39,000
-6.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$398,586
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2015
Sold by
Tare Holdings Llc
Bought by
Agostino Joseph D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2013
Sold by
Deluca Michael
Bought by
Tare Holdings Llc

Purchase Details

Closed on
Dec 5, 2003
Sold by
Collins Jeffrey L
Bought by
Deluca Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,800
Interest Rate
5.98%
Mortgage Type
Commercial

Purchase Details

Closed on
May 8, 2002
Sold by
Rosas Jesus A and Rosas Grisel M
Bought by
Alvarez Juan and Stalker Louis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.81%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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 Change Sq Ft Price
08/08/2019 08/08/19 Sold $600,000 -6.1% $182 / Sq Ft
07/09/2019 07/09/19 Pending -- -- --
04/25/2019 04/25/19 For Sale $639,000 -- $194 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10169979

BeachesMLS (Greater Fort Lauderdale)

APN: 48-41-15-03-0790