NOT LISTED FOR SALE
17 Beds
12 Baths
7,085 Sq Ft
1950 Built

Sale Details

Date Sold: October 11, 2022

Last sale price $2,995,000 $423 Per Sq Ft

7 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating Available
  • No HOA

About This Home

As of October 2022

Investor dream! Fully remodeled 15-unit multi-family apartment building located in South Miami! Recent roof, 15 units 100% remodeled including plumbing, electrical panels/kitchens/appliances/AC, all impact windows and doors, electrical meter room 100% redone including all new wiring, coins Laundry with new washer and dryer, and much more, 40 certification granted in 2022!Two 2 bed/1bath units, One 2/2 unit, two 1bed/1bath units and 10 studio units. all units occupied! Individually metered and Income producing, current gross yearly rent rolls $242.000k$ actual cap rate 5.07%, net income $151,896 !Pro forma rent rolls $289,000, pro format cap rate 6.07% pro format NOI $181,764! No financing contingency.Offering Memorandum on request.

Last Agent to Sell the Property

Eric Amsallem

Beachfront Realty Inc License #3185189 Listed on: 08/31/2022

Last Buyer's Agent

Eric Amsallem

Beachfront Realty Inc License #3185189 Listed on: 08/31/2022

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,686

Year Built

  • Built in 1950

Home Design

  • Quadruplex

Interior Spaces

  • 7,085 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Utilities

  • Cooling Available
  • Heating Available
  • Separate Meters
  • Cable TV Not Available

Listing and Financial Details

  • Assessor Parcel Number 0940250280220

Community Details

Overview

  • No Home Owners Association
  • Townsite Of Larkins Subdivision

Building Details

  • Gross Income $242,000
  • Net Operating Income $151,986

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,686

Year Built

Built in 1950

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Year Built: 1950
  • New Construction: No
  • Structure Type: Multi Family
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Flooring: Wood
  • Living Area: 7085.0
  • Stories: 2

Exterior Features

  • Pool Private: No
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Other

Utilities

  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Other, Separate Meters
  • Heating Yn: Yes
  • Utilities: Cable Not Available, Sewer Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 0940250280220
  • Mobile Dim Units: Feet
  • Zoning: 0100

Multi Family

  • Property Net Operating Income: 151986.0
  • Annual Gross Income: 242000.0

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 31686.0

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

Listed on
Aug 31, 2022
Closed on
Oct 6, 2022
Sold by
Bought by
Seller's Agent
Eric Amsallem
Beachfront Realty Inc
Buyer's Agent
Eric Amsallem
Beachfront Realty Inc
List Price
$2,995,000
Sold Price
$2,995,000

Purchase Details

Closed on
Oct 28, 2019
Sold by
Bought by

Purchase Details

Closed on
May 17, 2019
Sold by
Bought by

Purchase Details

Closed on
Sep 11, 2015
Sold by
Bought by

Purchase Details

Closed on
Aug 4, 2014
Sold by
Bought by

Purchase Details

Closed on
Jan 4, 2011
Sold by
Bought by

Purchase Details

Closed on
Jul 30, 2007
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
$650,000
Interest Rate
6.63%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 14, 2003
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
$420,000
Interest Rate
6.13%
Mortgage Type
Commercial

Purchase Details

Closed on
May 2, 2001
Sold by
Bought by

Purchase Details

Closed on
Mar 2, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$2,995,000 None Listed On Document
-- Attorney
$1,237,500 Attorney
$1,130,000 Attorney
-- Attorney
$480,000 Attorney
-- None Available
$525,000 --
$253,500 --
$200,000 --
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 $650,000
Previous Owner $30,000
Previous Owner $420,000
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
10/11/2022 10/11/22 Sold $2,995,000 0.0% $423 / Sq Ft
09/07/2022 09/07/22 Pending -- -- --
08/31/2022 08/31/22 For Sale $2,995,000 0.0% $423 / Sq Ft
05/09/2018 05/09/18 Rented $850 0.0% --
05/04/2018 05/04/18 For Rent $850 -15.0% --
03/15/2018 03/15/18 Rented $1,000 0.0% --
02/23/2018 02/23/18 Price Changed $1,000 0.0% $1 / Sq Ft
02/23/2018 02/23/18 For Rent $1,000 +17.6% --
01/19/2018 01/19/18 Off Market $850 -- --
12/15/2017 12/15/17 For Rent $850 -5.6% --
07/01/2016 07/01/16 Rented $900 +5.9% --
06/29/2016 06/29/16 For Rent $850 -- --
Source: BeachesMLS (Greater Fort Lauderdale)

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 $46,563 $2,440,000 $502,200 $1,937,800
2024 $43,615 $2,290,000 $447,840 $1,842,160
2023 $43,615 $2,270,000 $382,530 $1,887,470
2022 $32,565 $1,686,740 $0 $0
2021 $31,686 $1,533,400 $0 $0
2020 $28,190 $1,394,000 $279,900 $1,114,100
2019 $23,356 $1,260,000 $242,580 $1,017,420
2018 $19,709 $990,000 $205,260 $784,740
2017 $17,894 $900,000 $0 $0
2016 $18,237 $900,000 $0 $0
2015 $9,407 $456,000 $0 $0
2014 $8,000 $366,808 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: A11266264

BeachesMLS (Greater Fort Lauderdale)
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