NOT LISTED FOR SALE

Estimated Value: $380,546 - $519,000

-- Bed
-- Bath
1,071 Sq Ft
$423/Sq Ft Est. Value

Last Sold July 17, 2020

Last sale price $265,000 $247 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $3,077/month

22 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Wall Furnace
  • Fort Lauderdale High School Rated A

About This Home

As of July 2020

Perfect rental property located in the heart of Fort Lauderdale. This duplex consists of 2 bedrooms and one bathroom per unit and sits on a sizable lot. Features also include a spacious living room areas, and nice sized bedrooms. Property has newly updated electrical panels, updated kitchens and baths. Property is fully leased but is a great multifamily development site located in the path of development. Property is only 15 minutes from Fort Lauderdale beach! This property generates $30,000 income per year with below market rents from both tenants.

Last Agent to Sell the Property

Daniel Otten

Local Real Estate Co License #3493832 Listed on: 06/24/2020

Last Buyer's Agent

Daniel Otten

One Investment Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,904

Year Built

  • Built in 1953

Lot Details

  • 4,312

Parking

  • 6 Parking Spaces

Home Design

  • Duplex
  • Flat Roof Shape
  • Tile Roof

Interior Spaces

  • 1-Story Property
  • Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Cable TV Available

Community Details

  • Lincoln Park Fourth Add A Subdivision
  • Net Operating Income $21,000

Listing and Financial Details

  • Total Actual Rent $30,000
  • Assessor Parcel Number 504204150220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,904

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: .
  • Year Built: 1953
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Stucco
  • Property Condition: Resale
  • Roof: Flat, Tile

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: None

Lot Info

  • Parcel #: 504204150220
  • Zoning Description: RMM-25

Multi Family

  • Property Net Operating Income: 21000.0
  • Number Of Units Total: 1
  • Total Actual Rent: 30000.0

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 2904.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2020
Closed on
Aug 18, 2020
Sold by
911 Nw 12Th Ave Llc
Bought by
1551 Sistrunk Llc
Seller's Agent
Daniel Otten
Local Real Estate Co
Buyer's Agent
Daniel Otten
One Investment Group
List Price
$279,999
Sold Price
$265,000
Premium/Discount to List
-$14,999
-5.36%
Current Estimated Value
$471,026

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,026
Avg. Annual Appreciation
9.86%

Purchase Details

Closed on
Dec 27, 2019
Sold by
Nageondelestnng Lina
Bought by
911 Nw 12Th Ave Llc

Purchase Details

Closed on
Mar 22, 2019
Sold by
Zss Investments Inc
Bought by
Nageondelestang Lina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2016
Sold by
Dennis Ora L and Hurley Margaret
Bought by
Dennis Kenneth

Purchase Details

Closed on
Feb 13, 2012
Sold by
Deloach Brookie and Deloach Mary
Bought by
Deloach Brookie and Deloach Mary Maglean
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
1551 Sistrunk Llc $265,000 Sunbelt Title Agency
911 Nw 12Th Ave Llc $83,400 Attorney
Nageondelestang Lina $240,000 None Available
Zss Investments Inc $180,000 None Available
Dennis Kenneth -- None Available
Deloach Brookie -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nageondelestang Lina $168,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2020 07/17/20 Sold $265,000 -5.4% $247 / Sq Ft
06/24/2020 06/24/20 For Sale $279,999 -- $261 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History Compared to Growth

Source: Public Records

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
2025 $5,976 $278,160 -- --
2024 $6,176 $252,880 $12,970 $239,910
2023 $6,176 $263,130 $12,970 $250,160
2022 $5,825 $252,880 $12,970 $239,910
2021 $5,459 $233,890 $12,970 $220,920
2020 $4,218 $167,890 $12,970 $154,920
2019 $2,904 $122,980 $12,970 $110,010
2018 $2,565 $116,050 $12,970 $103,080
2017 $2,385 $101,370 $0 $0
2016 $1,638 $40,340 $0 $0
2015 $1,463 $36,680 $0 $0
2014 $1,378 $33,350 $0 $0
2013 -- $32,310 $12,970 $19,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10235779

BeachesMLS (Greater Fort Lauderdale)

APN: 50-42-04-15-0220