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Key Details
Sold Price $624,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,543 sqft
Price per Sqft $245
Subdivision Progresso
MLS Listing ID A11074275
Sold Date 10/01/21
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1954
Annual Tax Amount $6,717
Tax Year 2020
Contingent Pending Inspections
Property Description
5 UNIT MULTI FAMILY PROPERTY IN THE FAST DEVELOPING PROGRESSO VILLAGE NEIGHBORHOOD, 3 BLOCKS FROM FLAGLER VILLAGE/DOWNTOWN FT LAUDERDALE! OPPORTUNITY FOR OWNERS & INVESTORS (CASH BUYERS/1031 EXCHANGE WELCOME). GREAT RETURNS! Gross Rent: $69k; NOI: $52,250. Seller open to selling LLC for added tax benefit!
This is a Legal 4-plex operating as 5 units (2/2 converted into a 1/1 + a Studio). Total of FIVE
rents collected monthly. Zoned RMM-25 (Residential Medium Density Mid-Rise). Has 5 marked Parking Spaces. The building is fenced in for security. All units have individual electric meters. Owner pays Water/Sewer/Trash
Removal/Landscaping. ALL units RENTED w/ annual leases/security deposits. Low maintenance costs (Water/Utility etc) CAP 8.3%. DO NOT DISTURB TENANTS! PROOF OF FUNDS REQUIRED.
Location
State FL
County Broward County
Community Progresso
Area 3560
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s), Wall/Window Unit(s)
Flooring Ceramic Tile
Exterior
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Shake,Wood
Total Parking Spaces 5
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 494234070060
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing FHA
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Bought with Sweetman Real Estate
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