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Key Details
Sold Price $1,950,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,904 sqft
Price per Sqft $330
Subdivision Progresso
MLS Listing ID A11402537
Sold Date 04/12/24
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1957
Annual Tax Amount $18,777
Tax Year 2022
Contingent Pending Inspections
Property Description
Multifamily building with 7 units is ideally located in one of Ft Lauderdale’s premier rental areas just 10 minutes from the beach! This well-maintained property offers an excellent investment opportunity for both seasoned investors and those looking to enter the real estate market. Completed renovated, fully furnished and equipped apartments with impact windows and doors. All the units are rented, currently operating annually with long term tenants with lease, but they could quick upside potential and be operated as a short-term rental. The building has two studio apartment, four 1-bed apartment and one 2-beds apartment, and a common outdoor living space to enjoy. Parking spaces assigned. Offered at a 9.8% cap rate. Please do not disturb the tenants.
Location
State FL
County Broward County
Community Progresso
Area 3380
Interior
Heating Electric
Cooling Central Air, Electric, Wall/Window Unit(s)
Flooring Vinyl
Window Features Blinds,Impact Glass
Exterior
Exterior Feature Fruit Trees, Patio, Room For Pool, Security/High Impact Doors
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Shingle
Porch Patio
Total Parking Spaces 10
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 1
Sewer Public Sewer
Water Public
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 494234043780
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Listed As-Is
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Bought with Envision Realty Group
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