$925,000
$999,999
7.5%For more information regarding the value of a property, please contact us for a free consultation.
2,492 SqFt
SOLD DATE : 12/05/2022
Key Details
Sold Price $925,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,492 sqft
Price per Sqft $371
Subdivision Coral Ridge Isles
MLS Listing ID A11265615
Sold Date 12/05/22
Style Fourplex
Construction Status Effective Year Built
HOA Y/N No
Year Built 1962
Annual Tax Amount $10,815
Tax Year 2021
Contingent No Contingencies
Property Description
Income producing 4plex in the heart of Fort Lauderdale. Close to everything. Currently 3 units occupied by excellent and stable year round tenants, only ONE vacancy currently listed for rent at $1,750 (MLS#11229091) . Current Gross Income = $63,000 - Pro Forma Gross Lease $84,000. Expenses estimated at $27,080 (RE Tax, Insurance, Utilities, Pest Control, Landscaping)- Pro Forma CAP 5.2% - ZONED RMM25- Allowing for short term rentals - MAXIMIZE YOUR ROI. DRIVE BY ONLY. DO NOT DISTURB TENANTS. Vacant unit can be shown until it gets rented. Photos are current.
Location
State FL
County Broward County
Community Coral Ridge Isles
Area 3350
Interior
Heating None
Cooling Central Air, Wall/Window Unit(s)
Flooring Ceramic Tile, Other
Exterior
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Other
Total Parking Spaces 8
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Construction Status Effective Year Built
Others
Tax ID 494211071500
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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