D
Seller's Agent in 2018
David Fermoselle
Eleventrust LLC
(305) 299-4124
1 in this area
9 Total Sales
829 SW 18th Ave Miami, FL 33135
Coral Way Neighborhood
--
Bed
--
Bath
--
Sq Ft
0.5
Acre Lot
Highlights
- 21,742 Sq Ft lot
- No HOA
- Tile Flooring
- Corner Lot
- Cooling System Mounted To A Wall/Window
- Brick Front
About This Home
As of April 201836 Unit Multifamily in the Heart of Little Havana. Property is located off SW 8 St. -"Calle Ocho", needs major rehab, has violations with the city and has no 40 Year re-certification. Two side by side structures, with 18 units in each building, 3 stories each. Units are spacious 1 Bed/ 1 Bath with open living/dining area & wall A/C. Tenants are month-to-month paying below market rents. Tremendous potential to renovate, beautify & raise rents. Great investment in highly desirable area. Property will produce over a 12% cap rate & 20% cash on cash return, once finished & stabilized. Minutes from Brickell, Coral Gables, Airport & expressway. Walking distance to schools, shops, restaurants & public transportation.
Last Agent to Sell the Property
Eleventrust LLC License #3306806 Listed on: 11/01/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $33,000
Year Built
- Built in 1925
Lot Details
- 21,742 Sq Ft Lot
- Security Fence
- Corner Lot
Home Design
- Brick Front
Interior Spaces
- 3-Story Property
- Fire and Smoke Detector
Flooring
- Tile
- Vinyl
Location
- City Lot
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
Listing and Financial Details
- Tenant pays for electricity
- Assessor Parcel Number 01-41-10-063-2930
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 36 Units
- 821 829 Condos
Building Details
- Operating Expense $164,128
- Net Operating Income $180,000
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
Closed on
Jun 16, 2021
Sold by
Bought by
Purchase Details
Listed on
Nov 1, 2017
Closed on
Mar 16, 2018
Sold by
Bought by
Seller's Agent
David Fermoselle
Eleventrust LLC
Buyer's Agent
David Fermoselle
Eleventrust LLC
List Price
$3,050,000
Sold Price
$2,500,000
Premium/Discount to List
-$550,000
-18.03%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,511,508
Interest Rate
0.0443%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jul 22, 2005
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
$1,650,000
Interest Rate
0.061%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 14, 2001
Sold by
Bought by
Purchase Details
Closed on
Nov 2, 1999
Sold by
Bought by
Purchase Details
Closed on
Dec 5, 1997
Sold by
Bought by
Purchase Details
Closed on
Jul 7, 1995
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $7,750,000 | Attorney | ||
| $2,500,000 | Amicus Title & Closing Servi | ||
| $2,325,000 | Union Title Services Inc | ||
| $940,000 | -- | ||
| $100 | -- | ||
| $905,000 | -- | ||
| $700,000 | -- |
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 |
|---|---|---|---|
| Previous Owner | $7,511,508 | ||
| Previous Owner | $1,650,000 | ||
| Previous Owner | $204,000 | ||
| Previous Owner | $712,000 |
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 |
|---|---|---|---|---|
| 04/10/2018 04/10/18 | Sold | $2,500,000 | -18.0% | -- |
| 11/06/2017 11/06/17 | Pending | -- | -- | -- |
| 10/31/2017 10/31/17 | For Sale | $3,050,000 | -- | -- |
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 | $110,596 | $5,500,000 | ||
| 2024 | $124,161 | $5,000,000 | $954,000 | $4,046,000 |
| 2023 | $124,161 | $6,040,000 | $890,400 | $5,149,600 |
| 2022 | $117,507 | $5,700,000 | $572,400 | $5,127,600 |
| 2021 | $11,191 | $526,741 | $508,800 | $17,941 |
| 2020 | $11,221 | $526,838 | $508,800 | $18,038 |
| 2019 | $11,238 | $526,438 | $508,800 | $17,638 |
| 2018 | $46,765 | $3,068,000 | $381,600 | $2,686,400 |
| 2017 | $35,378 | $1,670,000 | $0 | $0 |
| 2016 | $33,555 | $1,523,500 | $0 | $0 |
| 2015 | $30,796 | $1,385,000 | $0 | $0 |
| 2014 | $29,482 | $1,300,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
David Fermoselle
Map
Source: MIAMI REALTORS® MLS
MLS Number: A10365368
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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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