NOT LISTED FOR SALE

Homestead, FL 33034

Estimated Value: $552,178 - $2,674,000

6 Beds
4 Baths
2,496 Sq Ft
$443/Sq Ft Est. Value

Last Sold November 19, 2021

Last sale price $1,850,000 $741 Per Sq Ft

Est. 40% decrease in value since last sale

Current estimated payment $6,556/month

36 Days on Market

Highlights

  • Newly Remodeled
  • Complete Accordion Shutters
  • Tile Flooring
  • No HOA
  • Porch
  • 4-minute walk to Blakey Park

About This Home

As of November 2021

Rare opportunity to acquire a large multifamily portfolio in South Florida or just purchase each folio individually. At $275k a door, if bought as a package deal along with MLS #s A11108937, A11107761, A11107183, A11108938. This portfolio consists of 8 total units generating over $116k per year in net income. (8) 3 bedroom, 2 bathroom units (mostly rented below market rent). Tenants pay their own electricity and water. The 8 units in Florida City were Built in 1995 with brand new roofs added in 2019!! All units are CBS and in turnkey condition including newly updated baths. Each unit comes with 2 car driveway, side & back yard space. 100% occupancy with good long term tenants, 6 out of 8 units are rented out under section 8. Market rents now in the area are up to almost $2,000 for 3 beds.

Last Agent to Sell the Property

DeLonte Copeland

Julies Realty, LLC License #3385364 Listed on: 10/13/2021

Julies Realty, LLC

Last Buyer's Agent

Margarita Garcia Fanta

Avanti Way Realty LLC License #3382080

Avanti Way Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,898

Year Built

  • Built in 1995 | Newly Remodeled

Lot Details

  • Property is zoned 3000

Parking

  • 4 Parking Spaces

Home Design

  • Double-layered roof that provides insulation
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,496 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Complete Accordion Shutters

Outdoor Features

  • Exterior Lighting
  • Porch

Utilities

  • Central Heating and Cooling System
  • Generator Hookup

Listing and Financial Details

  • Total Actual Rent $144,024
  • Rent includes gardener, pest control, trash collection
  • Assessor Parcel Number 16-78-24-001-0140

Community Details

Overview

  • No Home Owners Association
  • Howard Park Subdivision

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,898

Year Built

Built in 1995 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1995
  • Property Sub Type: Duplex
  • Architectural Style: Detached
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: HOWARD PARK
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Owner
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2496
  • Other Equipment: Generator Hookup
  • Possible Use: Investment
  • Stories: 1
  • Window Features: Complete Accordian Shutters, Hurricane Shutters

Exterior Features

  • Roof: Roof Over
  • Exterior Features: Exterior Lights
  • Construction Type: CBS Construction
  • Lot Features: 1/2 To Less Than 3/4 Acre Lot
  • Patio And Porch Features: Open Porch
  • Pool Private: No
  • Property Condition: New Construction
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: HOWARD PARK
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • 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: 16-78-24-001-0140
  • Zoning: 3000
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Gardener, Pest Control, Trash Collection

Multi Family

  • Net Operating Income: 112304
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Annual Operating Expense: 31720
  • Total Actual Rent: 144024

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2898

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2021
Closed on
Nov 19, 2021
Sold by
14Th Street Duplexes Llc
Bought by
Capri Internationl Investments Inc
Seller's Agent
DeLonte Copeland
Julies Realty, LLC
Buyer's Agent
Margarita Garcia Fanta
Avanti Way Realty LLC
List Price
$550,000
Sold Price
$1,850,000
Premium/Discount to List
$1,300,000
236.36%
Current Estimated Value
$1,104,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$745,205
Avg. Annual Appreciation
-12.41%

Purchase Details

Closed on
Jan 20, 2021
Sold by
Clayton Lovey and Clayton David
Bought by
14Th Street Duplexes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Interest Rate
2.67%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 11, 1994
Sold by
Jackson Mary Jane
Bought by
Clayton Lovey and Clayton David
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

Purchase History

Date Buyer Sale Price Title Company
Capri Internationl Investments Inc $1,850,000 Zendegui Law Group Pa
14Th Street Duplexes Llc $1,000,000 Attorney
14Th Street Duplexes Llc $1,000,000 None Listed On Document
Clayton Lovey $32,000 --
Clayton Lovey $32,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 14Th Street Duplexes Llc $990,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2021 11/19/21 Sold $1,850,000 +236.4% $741 / Sq Ft
10/13/2021 10/13/21 For Sale $550,000 -- $220 / 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 $8,593 $412,090 -- --
2024 $8,020 $374,628 -- --
2023 $8,020 $340,571 $66,101 $274,470
2022 $7,158 $324,427 $95,760 $228,667
2021 $3,233 $93,843 $0 $0
2020 $2,898 $216,236 $51,870 $164,366
2019 $2,645 $198,448 $31,920 $166,528
2018 $2,451 $198,615 $29,925 $168,690
2017 $2,360 $64,098 $0 $0
2016 $2,056 $58,271 $0 $0
2015 $1,602 $52,974 $0 $0
2014 $1,495 $48,159 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • DeLonte Copeland

    Seller's Agent in 2021

    DeLonte Copeland

    Julie's Realty

    (305) 440-7303

    4 in this area

    15 Total Sales

    DeLonte Copeland
    Section Image
  • Margarita Garcia Fanta

    Buyer's Agent in 2021

    Margarita Garcia Fanta

    Avanti Way Realty LLC

    (305) 632-2027

    4 in this area

    51 Total Sales

    Margarita Garcia Fanta
    Section Image
  • Antonella Lagomarsino Silva

    Buyer Co-Listing Agent in 2021

    Antonella Lagomarsino Silva

    Avanti Way Realty LLC

    (312) 927-2948

    4 in this area

    50 Total Sales

    Antonella Lagomarsino Silva
    Section Image
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Source: MIAMI REALTORS® MLS

MLS Number: A11107183

MIAMI REALTORS® MLS

APN: 16-7824-001-0140

Florida Miami/Dade County Homestead

33034

This home since 13 October 2021 and is currently estimated at $1,104,795, approximately $442 per square foot. This property was built in 1995. This home is a home located in Miami-Dade County with nearby schools including Laura C. Saunders Elementary School, Homestead Middle School, and Arthur And Polly Mays Conservatory Of The Arts.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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