NOT LISTED FOR SALE

2632 NW 18th Terrace Oakland Park, FL 33311

Estimated Value: $905,000 - $1,216,000

8 Beds
4 Baths
4,011 Sq Ft
$246/Sq Ft Est. Value

Last Sold January 22, 2025

Last sale price $900,000 $224 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $6,682/month

18 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Heating Available
  • Concrete Block With Brick
  • Tile Flooring
  • 1-Story Property

About This Home

As of January 2025

8% + CAP RATE FOURPLEX!
• Fully Leased: long-term tenants in place/immediate cash flow (See Financials)
• Unit Layout: two 3/1 and two 3/1/1.
o Partially renovated Kitchens: Including refrigerator, electric range, and W&D.
o Tile or waterproof Vinyl Floors
o Bathrooms: With tubs, vanities, toilets.
o Freshly Painted
• Utilities: Electric meters for each unit, water account for whole property.
• Parking: 8 for tenants (2 each unit) and 1 for guests.
Investment Benefits:
• Instant Cash Flow: Start generating income at closing.
• Long-Term Growth Potential
• Prime Location: Strong demand for rental.
• 50 Years certification: Passed!
Fantastic "set-and-forget" investment that offers stable/reliable income stream, room for growth... Don't miss out on this opportunity!

Last Listed By

olivier lubeigt

Miami Global Realty Inc License #3256258 Listed on: 11/05/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,759

Year Built

  • Built in 1966

Lot Details

  • 0.28

Parking

  • 9 Parking Spaces

Home Design

  • Quadruplex
  • Concrete Block With Brick
  • Shingle Roof

Interior Spaces

  • 4,011 Sq Ft Home
  • 1-Story Property

Flooring

  • Tile
  • Vinyl

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • No Home Owners Association
  • 4 Units
  • Middle River Gardens Condos
  • Middle River Gardens Subdivision

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number 494228000340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,759

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1966
  • Property Sub Type: Quadruplex
  • Architectural Style: Other
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: Middle River Gardens
  • Year Built Details: Resale
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile, Vinyl
  • Living Area: 4011
  • Possible Use: Unknown/Withheld
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Construction Type: Concrete Block With Brick
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: Middle River Gardens
  • Total Parking Spaces: 9

Utilities

  • Sewer: Public Sewer
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 494228000340
  • Zoning: R-1
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 12759

Multi Family

  • Number Of Units In Community: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2024
Closed on
Jan 17, 2025
Sold by
Hessmer Corp
Bought by
Jimenez Alex
Seller's Agent
olivier lubeigt
Miami Global Realty Inc
Buyer's Agent
Christie Mosquera
Keller Williams Capital Realty
List Price
$980,000
Sold Price
$900,000
Premium/Discount to List
-$80,000
-8.16%
Total Days on Market
18
Views
3
Current Estimated Value
$985,313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,313
Avg. Annual Appreciation
43.66%
Original Mortgage
$810,000
Outstanding Balance
$808,560
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$176,753

Purchase Details

Closed on
Apr 15, 2019
Sold by
Bless America Llc
Bought by
Hessmer Corp

Purchase Details

Closed on
Apr 17, 2018
Sold by
Schmitt William and Schmitt Lisa
Bought by
Bless America Llc & Match Twin Llc

Purchase Details

Closed on
Feb 19, 2004
Sold by
Best Properties Inc
Bought by
Schmitt William and Schmitt Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
7.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 18, 2003
Sold by
Leigh Zoltski Susana
Bought by
Best Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,575
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 31, 2001
Sold by
Fernandez Luis and Beron Jessica
Bought by
Zoltoski Susana Leigh

Purchase Details

Closed on
Oct 21, 1999
Sold by
Tri County Home Investments Inc
Bought by
Fernandez Luis and Beron Jessica

Purchase Details

Closed on
Jun 19, 1999
Sold by
Lehman Capital
Bought by
Tri County Home Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,000
Interest Rate
7.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 27, 1999
Sold by
Clerk Of The Court
Bought by
Lehman Capital

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,000
Interest Rate
7.04%
Mortgage Type
Commercial

Purchase Details

Closed on
May 19, 1998
Sold by
Marilyn Frank and Marilyn Stipkovich
Bought by
Simmons John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.1%
Mortgage Type
Commercial

Range of Values:

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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
Jimenez Alex $900,000 None Listed On Document
Hessmer Corp $575,000 Rte Title Company
Bless America Llc & Match Twin Llc $308,900 None Available
Schmitt William $370,000 --
Best Properties Inc $270,000 Agents Title Inc
Zoltoski Susana Leigh $183,500 --
Fernandez Luis $168,000 --
Tri County Home Investments Inc $113,000 --
Lehman Capital -- --
Simmons John $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jimenez Alex $810,000
Previous Owner Schmitt William $351,500
Previous Owner Schmitt William $296,000
Previous Owner Best Properties Inc $205,575
Previous Owner Simmons John $128,450
Previous Owner Simmons John $113,000
Previous Owner Simmons John $120,000
Closed Schmitt William $37,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2025 01/22/25 Sold $900,000 -8.2% $224 / Sq Ft
11/23/2024 11/23/24 Pending -- -- --
11/19/2024 11/19/24 For Sale $980,000 0.0% $244 / Sq Ft
11/14/2024 11/14/24 Pending -- -- --
11/05/2024 11/05/24 For Sale $980,000 +63.6% $244 / Sq Ft
07/07/2019 07/07/19 Sold $599,000 0.0% $149 / Sq Ft
04/01/2019 04/01/19 Pending -- -- --
02/19/2019 02/19/19 Price Changed $599,000 -9.2% $149 / Sq Ft
11/18/2018 11/18/18 For Sale $660,000 -- $165 / 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 $14,186 $576,750 $96,630 $439,670
2024 $12,759 $536,300 $96,630 $439,670
2023 $12,759 $476,660 $96,630 $380,030
2022 $12,648 $486,890 $96,630 $390,260
2021 $12,401 $488,010 $96,630 $391,380
2020 $12,085 $488,010 $96,630 $391,380
2019 $9,085 $346,580 $96,630 $249,950
2018 $8,860 $460,740 $96,630 $364,110
2017 $8,774 $262,030 $0 $0
2016 $8,313 $238,210 $0 $0
2015 $6,599 $216,560 $0 $0
2014 $6,255 $198,880 $0 $0
2013 -- $187,540 $96,630 $90,910
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11685745

MIAMI REALTORS® MLS

APN: 49-42-28-00-0340