NOT LISTED FOR SALE

Estimated Value: $650,000 - $781,000

3 Beds
3 Baths
1,833 Sq Ft
$388/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $525,000 $286 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $4,774/month

5 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property
  • Tile Flooring

About This Home

As of November 2021

Rare opportunity to own a turn key 3-unit property with incredible cash flow!

This property currently generates $4090/mo with long-term annual lease tenants. Rent has not been increased to market value, and has the potential to generate significantly more. Also a great AirBnb property, and was generating $90/day/unit with previous owner, at a 90% occupancy rate ($8100/mo)

The three units are 1/1’s with a spacious front yard, & shared amenities (4 parking spots, communal laundry).

Last Agent to Sell the Property

OMAR PEREZ

United Real Estate Miami License #3367229 Listed on: 10/15/2021

United Real Estate Miami

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,191

Year Built

  • Built in 1964

Lot Details

  • 6,621

Parking

  • 6 Parking Spaces

Home Design

  • Triplex
  • Shingle Roof

Interior Spaces

  • 1,833 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 3 Units
  • Oak Grove Condos
  • Oak Grove Subdivision

Listing and Financial Details

  • Rent includes pest control, sewer, trash collection
  • Assessor Parcel Number 504221161520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,191

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1964
  • Property Sub Type: Triplex
  • Architectural Style: Attached
  • Directions: GPS, WAZE, GOOGLE MAPS
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Triplex
  • Subdivision Name: OAK GROVE
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 1833
  • Possible Use: Investment
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Lot Features: 3/4 To Less Than 1 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: OAK GROVE
  • Total Parking Spaces: 6

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 504221161520
  • Zoning: RESIDENTIAL
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Pest Control, Sewer, Trash Collection

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 7191

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2021
Closed on
Nov 5, 2021
Sold by
Mohamed Yousif Ahmed
Bought by
Avery Anthony
Seller's Agent
OMAR PEREZ
United Real Estate Miami
List Price
$500,000
Sold Price
$525,000
Premium/Discount to List
$25,000
5%
Current Estimated Value
$710,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,697
Avg. Annual Appreciation
8.27%
Original Mortgage
$525,000
Outstanding Balance
$483,216
Interest Rate
3.01%
Mortgage Type
VA
Estimated Equity
$227,481

Purchase Details

Listed on
Jan 25, 2020
Closed on
Mar 11, 2020
Sold by
Bena Michael
Bought by
Mohamed Yousif Ahmed
Seller's Agent
Cliff Glansen
FlatFee.com
List Price
$375,000
Sold Price
$360,000
Premium/Discount to List
-$15,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.69%
Original Mortgage
$353,479
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 15, 2018
Sold by
Vivid Media Management Llc
Bought by
Bena Michael

Purchase Details

Closed on
Jan 15, 2013
Sold by
Bena Michael
Bought by
Vivid Media Management Llc and Landtrust #1035

Purchase Details

Closed on
Feb 9, 2012
Sold by
Bank Of America N A
Bought by
Bena Michael

Purchase Details

Closed on
Aug 10, 2011
Sold by
Fedral National Mortgage Association
Bought by
Bac Home Loans Servicing Lp

Purchase Details

Closed on
May 11, 2010
Sold by
Torres Ricardo A and Torres Maria L
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 17, 2003
Sold by
Gigliotti Thomas R
Bought by
Torres Ricardo A and Torres Maria L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 1, 1986
Sold by
Available Not
Bought by
Available Not
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
Avery Anthony $525,000 Nu World Title Of Doral Llc
Mohamed Yousif Ahmed $360,000 Nu World Title Llc
Bena Michael -- None Available
Bena Michael -- None Available
Vivid Media Management Llc -- None Available
Vivid Media Management Llc -- None Available
Bena Michael $129,000 North American Title Company
Bac Home Loans Servicing Lp -- First American
Federal National Mortgage Association -- None Available
Torres Ricardo A $195,000 Barrister Title Services Inc
Available Not $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Avery Anthony $7,400
Open Avery Anthony $43,100
Open Avery Anthony $525,000
Previous Owner Mohamed Yousif Ahmed $353,479
Previous Owner Torres Ricardo A $262,500
Previous Owner Torres Ricardo A $156,000
Previous Owner Torres Ricardo $5,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2021 11/05/21 Sold $525,000 +5.0% $286 / Sq Ft
10/20/2021 10/20/21 Pending -- -- --
10/15/2021 10/15/21 For Sale $500,000 +38.9% $273 / Sq Ft
03/11/2020 03/11/20 Sold $360,000 -4.0% $196 / Sq Ft
02/10/2020 02/10/20 Pending -- -- --
01/25/2020 01/25/20 For Sale $375,000 +190.7% $205 / Sq Ft
06/28/2012 06/28/12 Sold $129,000 +9.3% $71 / Sq Ft
05/29/2012 05/29/12 Pending -- -- --
01/12/2012 01/12/12 For Sale $118,000 -- $65 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $10,806 $482,550 $42,890 $439,660
2024 $9,131 $480,140 $19,800 $460,340
2023 $9,131 $433,850 $0 $0
2022 $8,443 $410,110 $19,800 $390,310
2021 $7,662 $322,440 $19,800 $302,640
2020 $7,191 $298,720 $19,800 $278,920
2019 $5,977 $271,430 $19,800 $251,630
2018 $4,465 $234,210 $19,800 $214,410
2017 $4,113 $170,010 $0 $0
2016 $3,855 $154,560 $0 $0
2015 $3,469 $140,510 $0 $0
2014 $3,227 $127,740 $0 $0
2013 -- $118,680 $19,800 $98,880
Source: Public Records

Agents Affiliated with this Home

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Source: MIAMI REALTORS® MLS

MLS Number: A11112164

MIAMI REALTORS® MLS

APN: 50-42-21-16-1520