228 NW 9th Ave South Bay, FL 33493
Estimated payment $1,794/month
About This Home
Income-Producing Property - Fully Tenant-Occupied!Turn-key investment opportunity! This renovated duplex is currently generating $2,850/month in rental income. Both units are tenant-occupied, with one featuring a long-term tenant for added stability. Each unit boasts stainless steel appliances and modern updates. A must-see for investors looking for strong cash flow and a high-yield property!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,807
Year Built
- Built in 1962
Home Design
- Duplex
Interior Spaces
- 1,759 Sq Ft Home
- 1-Story Property
Schools
- Rosenwald Elementary School
- Lake Shore Middle School
- Glades Central High School
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Water Not Available
Listing and Financial Details
- Assessor Parcel Number 58364414110010460
Community Details
Overview
- 2 Units
- Summerlins In Subdivision
Building Details
- Operating Expense $720
- Net Operating Income $34,200
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $3,807 | $151,669 | -- | -- |
| 2023 | $3,373 | $137,881 | $16,562 | $121,319 |
| 2022 | $3,215 | $127,214 | $0 | $0 |
| 2021 | $2,989 | $119,359 | $13,000 | $106,359 |
| 2020 | $2,730 | $105,135 | $13,000 | $92,135 |
| 2019 | $2,509 | $105,135 | $13,000 | $92,135 |
| 2018 | $2,161 | $82,132 | $12,989 | $69,143 |
| 2017 | $2,083 | $77,888 | $12,370 | $65,518 |
| 2016 | $2,242 | $82,964 | $0 | $0 |
| 2015 | $2,322 | $84,137 | $0 | $0 |
| 2014 | $2,220 | $77,919 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/17/2025 03/17/25 | For Sale | $270,000 | 0.0% | $153 / Sq Ft |
| 03/14/2025 03/14/25 | Pending | -- | -- | -- |
| 03/03/2025 03/03/25 | For Sale | $270,000 | +58.8% | $153 / Sq Ft |
| 08/12/2022 08/12/22 | Sold | $170,000 | -8.1% | $97 / Sq Ft |
| 06/23/2022 06/23/22 | Pending | -- | -- | -- |
| 05/31/2022 05/31/22 | For Sale | $185,000 | +58.1% | $105 / Sq Ft |
| 07/15/2019 07/15/19 | Sold | $117,000 | -9.9% | $67 / Sq Ft |
| 06/25/2019 06/25/19 | Pending | -- | -- | -- |
| 06/15/2019 06/15/19 | For Sale | $129,900 | -- | $74 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $170,000 | New Title Company Name | |
| Warranty Deed | $117,000 | Paragon Title Agency | |
| Warranty Deed | $67,000 | Title Guaranty Of South Flor | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $27,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $133,800 | New Conventional | |
| Previous Owner | $53,000 | Future Advance Clause Open End Mortgage |
Source: BeachesMLS
MLS Number: R11068989
APN: 58-36-44-14-11-001-0460
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.
- 202 NW 9th Ave
- 228 NW 9th Ave
- 225 NW 11th Ave
- 0 Palm Beach Rd Unit A11706541
- 0 Palm Beach Rd Unit R10980824
- 405 Janice Ave
- 430 Eilon Ave
- 260 SW 12th Ave
- 285 SW 9th Ave
- 0 Us Highway 27
- 205 SE 1st Ave
- 850 Old Us Highway 27
- 415 E 4th Ave
- 715 SW 16th St
- 200 SW 16th St
- 190 SW 16th St Unit 172
- 190 SW 16th St Unit 170
- 190 SW 16th St Unit 160
- 932 SW Avenue H
- 652 SW 7th St