NOT LISTED FOR SALE

Estimated Value: $408,000 - $593,000

3 Beds
2 Baths
1,226 Sq Ft
$376/Sq Ft Est. Value

Last Sold November 04, 2024

Last sale price $423,000 $345 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,293/month

87 Days on Market

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Cooling Available
  • Central Heating
  • 1-Story Property

About This Home

As of November 2024

UNIQUE Investment opportunity to own the ONLY multi family unit in a sought-after residential neighborhood. Unit 1 is a 2/1 with kitchen/dining/living room. Unit 2 & 3 are efficiencies with their own bathrooms. Unit 2 can be made into a 1/1. Potential to make an addition to Unit 3.
Enjoy the benefits of being in a tranquil neighborhood while still being close to vibrant downtown and the beaches. Large fenced in backyard with ample parking. One Long term tenant for all 3 units with a great income of $3,200 monthly (roughly 9% return) (potential for increase to $3,500). All utilities are paid by tenant. Only one water and electric meter. Laundry room in rear (potential for extra income).
DO NOT DISTURB TENANTS. See Brokers remark for showing instructions.

Last Listed By

Levi Elkayam

Beach City Realty License #3541861 Listed on: 08/09/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,897

Year Built

  • Built in 1959

Lot Details

  • 6,011

Parking

  • 6 Parking Spaces

Home Design

  • Triplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,226 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Ceramic Tile Flooring

Utilities

  • Cooling Available
  • Central Heating

Community Details

  • No Home Owners Association
  • 3 Units
  • Sunrise Heights Condos
  • Sunrise Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 504206240620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,897

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1959
  • Property Sub Type: Triplex
  • Architectural Style: Attached
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Triplex
  • Subdivision Name: SUNRISE HEIGHTS
  • Year Built Details: Effective Year Built
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Floor
  • Living Area: 1226
  • Possible Use: Unknown/Withheld
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: SUNRISE HEIGHTS
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Cooling: Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 504206240620
  • Zoning: RS-5A
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7897

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2024
Closed on
Nov 1, 2024
Sold by
Bsd Investment Holdings Llc
Bought by
Soave Kiara Nannette
Seller's Agent
Levi Elkayam
Beach City Realty
Buyer's Agent
Ashley Brosky
Luxe Properties
List Price
$435,770
Sold Price
$423,000
Premium/Discount to List
-$12,770
-2.93%
Total Days on Market
87
Views
31
Current Estimated Value
$461,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,423
Avg. Annual Appreciation
20.32%
Original Mortgage
$412,392
Interest Rate
6.81%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 20, 2023
Sold by
Druin Shmuel
Bought by
Bsd Investment Holdings Llc

Purchase Details

Listed on
Sep 23, 2021
Closed on
Dec 20, 2021
Sold by
Hopkins Reginald
Bought by
Druin Shmuel
Seller's Agent
Kenneth Grant
Grant and Associates Real Estate INC
Buyer's Agent
Patricia Rosenberg Gottlieb
Oceanpointe Realty
List Price
$260,000
Sold Price
$251,770
Premium/Discount to List
-$8,230
-3.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.82%
Original Mortgage
$188,828
Interest Rate
2.98%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 15, 2017
Closed on
Apr 6, 2018
Sold by
Arbela Capital Llc
Bought by
Hopkins Reginald
Seller's Agent
Robert Crum
Housing Hub Realty LLC
List Price
$215,000
Sold Price
$169,900
Premium/Discount to List
-$45,100
-20.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.18%
Original Mortgage
$166,822
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 23, 2017
Sold by
Sperling Benjie
Bought by
Arbela Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
4.16%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 15, 2016
Sold by
Davis Sinclair and Davis Willie M
Bought by
Sperling Benjie

Purchase Details

Closed on
Mar 1, 2016
Bought by
Arbela Capital Llc

Purchase Details

Closed on
May 20, 2015
Sold by
Spencer Eva V
Bought by
Aegis Properties Of South Florida Llc and Broward R E Florida Land Trust #39

Purchase Details

Closed on
Aug 11, 2004
Sold by
Davis Willie M
Bought by
Davis Sinclair and Davis Willie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,968
Interest Rate
5.97%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 26, 2000
Sold by
Kyles Fannie
Bought by
Davis Willie M

Purchase Details

Closed on
Sep 22, 1997
Sold by
Spencer Coy Lee
Bought by
Kyles Fannie

Range of Values:

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Average Value
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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
Soave Kiara Nannette $423,000 Top Notch Title P.A
Soave Kiara Nannette $423,000 Top Notch Title P.A
Bsd Investment Holdings Llc -- None Listed On Document
Druin Shmuel $251,800 First American Mortgage Sln
Hopkins Reginald $169,900 Attorney
Arbela Capital Llc $102,000 Attorney
Sperling Benjie $54,400 None Available
Arbela Capital Llc $54,400 --
Aegis Properties Of South Florida Llc $50,000 None Available
Davis Sinclair -- Transtar National Title
Davis Willie M $75,000 --
Kyles Fannie $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Soave Kiara Nannette $412,392
Previous Owner Druin Shmuel $264,750
Previous Owner Druin Shmuel $188,828
Previous Owner Hopkins Reginald $8,771
Previous Owner Hopkins Reginald $166,822
Previous Owner Arbela Capital Llc $91,000
Previous Owner Davis Willie M $73,968
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2024 11/04/24 Sold $423,000 -2.9% $345 / Sq Ft
08/09/2024 08/09/24 For Sale $435,770 +73.1% $355 / Sq Ft
12/20/2021 12/20/21 Sold $251,770 -3.2% $301 / Sq Ft
09/23/2021 09/23/21 For Sale $260,000 +53.0% $311 / Sq Ft
04/06/2018 04/06/18 Sold $169,900 -21.0% $137 / Sq Ft
03/07/2018 03/07/18 Pending -- -- --
05/15/2017 05/15/17 For Sale $215,000 -- $174 / 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 $8,680 $281,910 $18,000 $263,910
2024 $7,897 $258,060 $18,000 $240,060
2023 $7,897 $227,610 $0 $0
2022 $7,175 $206,920 $18,000 $188,920
2021 $6,938 $189,530 $0 $0
2020 $6,343 $180,050 $18,000 $162,050
2019 $5,925 $156,640 $18,000 $138,640
2018 $2,920 $81,460 $24,000 $57,460
2017 $2,481 $65,880 $0 $0
2016 $2,069 $51,790 $0 $0
2015 $2,016 $50,850 $0 $0
2014 -- $53,110 $0 $0
2013 -- $59,370 $15,000 $44,370
Source: Public Records

Agents Affiliated with this Home

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Source: MIAMI REALTORS® MLS

MLS Number: A11638488

MIAMI REALTORS® MLS

APN: 50-42-06-24-0620