NOT LISTED FOR SALE
3 Beds
3 Baths
6,966 Sq Ft
1965 Built

Sale Details

Date Sold: October 25, 2016

Last sale price $650,000 $93 Per Sq Ft

21 Days on Market

Highlights

  • Home fronts a canal
  • Screened Balcony
  • Porch
  • No HOA
  • Jalousie or louvered window
  • 3-minute walk to Arch Creek East Environmental Preserve

About This Home

As of October 2016

Well maintained (100% Occupied) 6 unit apartment building, overlooking water view, located in North Miami, one block from US-1 (Biscayne Blvd.). Minutes from shopping, parks, restaurants, main transportation arteries. Tax rolls show 4 -2 bed/2 bath units and 2- 1bed/1bath units. Property has great upside potential, rents can easily be increased by 25%. All leases are through December of current year.

Last Agent to Sell the Property

Raymond Semaska

United Realty Group Inc. License #0546805 Listed on: 09/12/2016

United Realty Group Inc.

Last Buyer's Agent

Raymond Semaska

United Realty Group Inc. License #0546805 Listed on: 09/12/2016

United Realty Group Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,803

Year Built

  • Built in 1965

Parking

  • 14 Parking Spaces

Home Design

  • Quadruplex
  • Substantially Remodeled
  • Concrete Roof

Interior Spaces

  • 6,966 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Jalousie or louvered window
  • Sliding Windows
  • Ceramic Tile Flooring
  • High Impact Door

Outdoor Features

  • Unrestricted saltwater access
  • Screened Balcony
  • Exterior Lighting
  • Porch

Lot Details

  • 75 Ft Wide Lot
  • Home fronts a canal
  • Fenced

Utilities

  • Central Heating and Cooling System
  • Satellite Dish

Listing and Financial Details

  • Total Actual Rent $61,200
  • Rent includes gardener, pest control, sewer, trash collection, water
  • Assessor Parcel Number 06-22-29-059-0150

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Venice Park Condos
  • Venice Park Subdivision

Additional Features

  • Laundry Facilities
  • Operating Expense $20,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,803

Year Built

Built in 1965

Listing Details

  • Property Type: Residential Income
  • Year Built: 1965
  • Property Sub Type: Quadruplex
  • Architectural Style: Attached
  • Directions: Call listing agent for Appointment. US-1 to 135 avenue go west to arch Creek road (.1 Mile) make left, building is on the left.
  • Horses: No
  • Inclusions: Other,Unrestricted Salt Water Access
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: Venice Park
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 2

Interior Features

  • Interior Amenities: Stairs
  • Spa Yn: No
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor
  • Living Area: 6966
  • Other Equipment: Satellite Dish
  • Possible Use: Investment
  • Stories: 2
  • Window Features: Jalousie, Other Windows, Sliding

Exterior Features

  • Roof: Concrete
  • Exterior Features: Balcony, Exterior Lights, Screened Balcony
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Open Porch
  • Pool Private: No
  • Property Condition: Completely Renovated, Substantially Remodeled
  • View: No
  • Waterfront Features: Canal Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Venice Park
  • Total Parking Spaces: 14

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Green Building Features: Laundry Facility
  • Cooling: Ceiling Fan(s), 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: 06-22-29-059-0150
  • Zoning: R-5
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Gardener, Pest Control, Sewer, Trash Collection, Water

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 7803

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 6
  • Annual Operating Expense: 20000
  • Total Actual Rent: 61200
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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
10/25/2016 10/25/16 Sold $650,000 -7.1% $93 / Sq Ft
10/03/2016 10/03/16 Pending -- -- --
09/12/2016 09/12/16 For Sale $700,000 -- $100 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $16,739 $795,121 -- --
2024 $17,020 $722,838 -- --
2023 $17,020 $657,126 $0 $0
2022 $14,779 $597,388 $0 $0
2021 $13,032 $569,231 $135,000 $434,231
2020 $12,117 $528,080 $112,500 $415,580
2019 $12,142 $528,080 $112,500 $415,580
2018 $11,499 $509,893 $112,500 $397,393
2017 $11,575 $507,690 $0 $0
2016 $8,439 $334,338 $0 $0
2015 $7,803 $303,944 $0 $0
2014 $7,177 $276,313 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: MIAMI REALTORS® MLS

MLS Number: A10143521

MIAMI REALTORS® MLS
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