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Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,594 sqft
Price per Sqft $239
Subdivision Riverside 2 1-104 D
MLS Listing ID F10377734
Sold Date 06/20/23
Style Fourplex
Construction Status Resale
HOA Y/N No
Total Fin. Sqft 7461
Year Built 1969
Annual Tax Amount $12,341
Tax Year 2022
Property Description
Fantastic Find!!Large Fort Lauderdale Fourplex With Tremendous Upside Potential! All Units Are 3 Bedroom/2 Bath, Hurricane Impact Windows, Central A/C And Separate Electric. Building Is Centrally Located Minutes To Downtown Ft Lauderdale & Famous Ft Lauderdale Beach. Making It Perfect For AirBnB, Vacation Rentals Or Annual Rentals. Building Is In Need Of Some TLC, & Is Currently Grossing $103,200 Annually (7.1% Cap). Annual Projected Gross Income Is $131,712+(9.7% Cap). Total Expenses Are $25,041. Expenses Include Taxes: $12,341 Landscaping: $600 Estimated Insurance: $7,000 Water: $3,300 Trash: $1,800. Onsite Laundry Facility With Washer/Dryer Hookups, Perfect To Add Coin Operated Machines For Additional Income. Info Is Believed Accurate But Is Not Guaranteed. A Must See!!
Location
State FL
County Broward County
Area Ft Ldale Sw (3470-3500;3570-3590)
Zoning RM-15
Interior
Heating Central Heat
Cooling Central Cooling
Flooring Tile Floors
Exterior
Exterior Feature Open Balcony
Waterfront No
Water Access N
Roof Type Comp Shingle Roof
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Story 2.0000
Foundation Cbs Construction, Stucco Exterior Construction
Sewer Municipal Sewer
Water Municipal Water
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition As Is
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Bought with Fidelity Real Estate Group LLC
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