NOT LISTED FOR SALE

Miami, FL 33147

-- Bed
-- Bath
42,202 Sq Ft
0.97 Acres

Last Sold February 10, 2015

Last sale price $120,000 $3 Per Sq Ft

320 Days on Market

Highlights

  • 24-Hour Security
  • No HOA
  • Concrete Flooring
  • 42,202 Sq Ft lot
  • Security Fence
  • 1-Story Property

About This Home

As of February 2015

LEASE 20,270 SF WAREHOUSE/LIGHT MANUFACTURING. WITH APPROX. 14,000 SF OF PAVED, FENCED IN LOT. THE PROPERTY IS WELL MANTAINED WITH FRESH PAINT AND SPOTLESS INTERIOR. THIS PROPERTY ALSO AVAILABLE TO PURCHASE $1,200,000. THIS IS ONE PROPERTY OF AN ASSEMBLAG E CONSISTING OF 9 FOLIOS FOR SALE PRICED AT $3,990,000

Last Agent to Sell the Property

Michael Litsky

The Keyes Company License #3135130 Listed on: 03/28/2014

The Keyes Company

Co-Listed By

Lorraine Steen

Beachfront Realty Inc License #3275371

Last Buyer's Agent

Michael Litsky

The Keyes Company License #3135130 Listed on: 03/28/2014

The Keyes Company

Property Details

Property Type

  • Other

Year Built

  • Built in 1959

Lot Details

  • 0.97 Acre Lot
  • Security Fence
  • Property is zoned 71/IND L

Home Design

  • Concrete Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1-Story Property
  • Concrete Flooring
  • Fire Sprinkler System

Parking

  • 50 Parking Spaces
  • Common or Shared Parking

Additional Features

  • City Lot
  • 220 Volts

Community Details

  • No Home Owners Association
  • Triple Net Lease (NNN)
  • 24-Hour Security

Listing and Financial Details

  • Tenant pays for fire liability insurance, inside insurance, outside insurance, real estate tax, sales tax
  • Assessor Parcel Number 30-31-10-041-0010

Property Details

Property Type

Other

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1959
  • Property Sub Type: Lease
  • Business Type: Light Manufacturing, Warehouse Space
  • Directions: RT 95 NORTH OR SOUTH. EXIT 79TH STREET GO WEST TO 22ND AVENUE. MAKE A LEFT FOR 2 BLOCKS AND TURN RIGHT.
  • Horses: No
  • Lease Assignable: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Lease
  • ResoPropertyType: CommercialSale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Concrete
  • Number Of Buildings: 1
  • Possible Use: Primary
  • Stories: 1

Exterior Features

  • Roof: Concrete
  • Construction Type: CBS Construction
  • Lot Features: City Location, Corner Unit
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Parking Features: Common
  • Total Parking Spaces: 50

Utilities

  • Electric: 110 Volts Power, 220 Volts
  • Electricity On Property: Yes
  • Security: Fire Sprinkler System, Security, Security Fence, Security Grill Work

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 30-31-10-041-0010
  • Current Use: Industrial Lease
  • Land Lease: No
  • Lot Size Sq Ft: 42202
  • Zoning: 71/IND L
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Fire Liability Insurance, Inside Insurance, Outside Insurance, Real Estate Tax, Sales Tax
  • Lease Term: Long Term Lease

Multi Family

  • Existing Lease Type: NNN

Tax Info

  • Tax Annual Amount: 15426

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2006
Sold by
Rite Way Acquisition Llc
Bought by
K & R Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Outstanding Balance
$1,422,803
Interest Rate
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 3, 2004
Bought by
Rite Way Acquisition Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,037,500
Interest Rate
5.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 21, 2000
Sold by
Riteway Wholesale Distributors Inc
Bought by
Rite & Way Wholesale Aluminum Inc

Purchase Details

Closed on
Jan 3, 1996
Sold by
Oscc Inc
Bought by
Riteway Wholesale Distributor Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
7.29%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
K & R Properties Llc $3,000,000 None Available
Rite Way Acquisition Llc $1,799,400 --
Rite & Way Wholesale Aluminum Inc $375,000 --
Riteway Wholesale Distributor Inc $345,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open K & R Properties Llc $2,400,000
Previous Owner Rite Way Acquisition Llc $2,037,500
Previous Owner Riteway Wholesale Distributor Inc $580,000
Previous Owner Riteway Wholesale Distributor Inc $1,230,000
Previous Owner Riteway Wholesale Distributor Inc $290,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2015 02/10/15 Sold $120,000 -7.7% $3 / Sq Ft
02/10/2015 02/10/15 Pending -- -- --
03/27/2014 03/27/14 For Sale $130,000 -- $3 / 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 $31,232 $1,648,337 -- --
2024 $30,592 $1,498,489 -- --
2023 $30,592 $1,362,263 $0 $0
2022 $24,954 $1,238,421 $0 $0
2021 $19,948 $1,125,838 $633,030 $492,808
2020 $19,941 $1,125,885 $633,030 $492,855
2019 $18,154 $1,018,826 $548,626 $470,200
2018 $16,248 $934,469 $464,222 $470,247
2017 $16,436 $933,001 $0 $0
2016 $15,340 $809,381 $0 $0
2015 $14,648 $735,801 $0 $0
2014 -- $822,214 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Michael Litsky

    The Keyes Company

    Section Image
  • Lorraine Steen

    Seller Co-Listing Agent in 2015

    Lorraine Steen

    Beachfront Realty Inc

    (305) 962-5032

    3 Total Sales

    Lorraine Steen
    Section Image
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Source: MIAMI REALTORS® MLS

MLS Number: A1927572

MIAMI REALTORS® MLS

APN: 30-3110-041-0010

Florida Miami/Dade County Miami

33147

Not Listed for Sale

Other

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