$1,675,000
$1,795,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
6,966 SqFt
SOLD DATE : 10/28/2019
Key Details
Sold Price $1,675,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 6,966 sqft
Price per Sqft $240
Subdivision Progresso 2-18 D
MLS Listing ID F10177401
Sold Date 10/28/19
Style Fourplex
Construction Status Resale
HOA Y/N No
Total Fin. Sqft 13004
Year Built 1961
Annual Tax Amount $14,990
Tax Year 2018
Property Description
Amazing Find!13 Units On A Double Lot Only 2 Miles From The Beach! 8 Units Are 1 Bedroom 1 Bath. One Unit Has 2 Bedrooms 2 Baths & 4 Units Are Studios. Coin Operated Laundry Used For Additional Income. Current Rents Are Way Below Market. Actual Gross Income Is $138,480 Proforma Gross Income: $186,000. Total Expenses: $36,270 Expenses Include Taxes: $14,990 Lawn: $750 Insurance: $9,314 Water: $4,610 Electric: $ 3,006 Trash: $3,600. Projected Cap is 8%.
Location
State FL
County Broward County
Area Ft Ldale Ne (3240-3270;3350-3380;3440-3450;3700)
Zoning RC-15
Interior
Heating No Heat
Cooling Wall/Window Unit Cooling
Flooring Carpeted Floors, Tile Floors
Exterior
Water Access N
Roof Type Comp Shingle Roof
Private Pool No
Building
Lot Description 1/4 To Less Than 1/2 Acre Lot
Story 2.0000
Foundation Concrete Block Construction
Sewer Municipal Sewer
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 Venture Realty Group
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