NOT LISTED FOR SALE

Miami, FL 33150

Liberty City Neighborhood
-- Bed
-- Bath
13,104 Sq Ft
0.28 Acres

Last Sold April 28, 2014

Last sale price $492,000 $38 Per Sq Ft

180 Days on Market

About This Home

As of April 2014

Great "INCOME GENERATING" 20 Unit investment property in the heart of Miami. Property has been consistent generating rent. Total occupancy is 95%. Property provides, laundry facility and gated entry with security cameras. Close to schools, suburban area , shopping centers, place of worship, school, library and highways. Units have been remodeled in 2005 and roof replaced in 2005. All 20 units are spacious 19 rented, 1 office space unit. ALL units1bed/1bath.

Last Agent to Sell the Property

Rebecca Smith

Line Studio Realty License #3265776 Listed on: 09/09/2013

Last Buyer's Agent

Rebecca Smith

Line Studio Realty License #3265776 Listed on: 09/09/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,471

Year Built

  • Built in 1956

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 126x104

Utilities

  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 01-31-14-021-0180

Community Details

Overview

  • No Home Owners Association
  • 14 53 41 Woodmere Condos
  • 14 53 41 Woodmere Subdivision

Building Details

  • Insurance Expense $16,500
  • Other Expense $36,512
  • New Taxes Expense $8,471
  • Operating Expense $61,483
  • Gross Income $146,940
  • Net Operating Income $85,457

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,471

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Year Built: 1956
  • Property Sub Type: Income/MultiFamily
  • Horses: No
  • Lot Size Acres: 0.28
  • Lot Size: 126x104
  • New Construction: No
  • Road Frontage Type: Other Road
  • Subdivision Name: 14 53 41 WOODMERE
  • Special Features: 4108

Interior Features

  • Possible Use: Investment, None

Exterior Features

  • Lot Features: Other Location, Less Than 1 Acre
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: 14 53 41 WOODMERE

Utilities

  • Sewer: Public Sanitation
  • Water Source: Municipal Water
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected, Electricity Available, Natural Gas Available, Sewer Available, Trash Removal, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-31-14-021-0180
  • Additional Parcels: No
  • Current Use: Unimproved Multi Family (5+Units), Income (Other)
  • Lot Size Sq Ft: 13104
  • Zoning: 39/MULTI
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Net Operating Income: 85457
  • Insurance Expense: 16500
  • Annual Gross Income: 146940
  • Annual Operating Expense: 61483

Tax Info

  • Tax Year: 2013
  • New Taxes Expense: 8471
  • Tax Annual Amount: 8471
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2014 04/28/14 Sold $492,000 -55.3% $38 / Sq Ft
03/08/2014 03/08/14 Pending -- -- --
09/09/2013 09/09/13 For Sale $1,100,000 -- $84 / 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 $38,864 $2,100,000 $458,640 $1,641,360
2024 $29,682 $1,940,000 $524,160 $1,415,840
2023 $29,682 $1,441,000 $0 $0
2022 $27,006 $1,310,000 $196,560 $1,113,440
2021 $26,565 $1,250,330 $131,040 $1,119,290
2020 $17,024 $1,105,000 $65,520 $1,039,480
2019 $15,666 $1,026,000 $65,520 $960,480
2018 $12,423 $719,000 $78,624 $640,376
2017 $10,274 $485,000 $0 $0
2016 $9,931 $455,000 $0 $0
2015 $9,450 $425,000 $0 $0
2014 $8,505 $375,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Rebecca Smith

    Line Studio Realty

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Source: MIAMI REALTORS® MLS

MLS Number: A1839973

MIAMI REALTORS® MLS
Florida Miami/Dade County Miami 33147

Liberty City

Not Listed for Sale

MultiFamily

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