$765,000
$850,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
499 NW 42nd St Fort Lauderdale, FL 33309
3,500 SqFt
Key Details
Sold Price $765,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $218
Subdivision Prospect Gardens 22-26 B
MLS Listing ID F10448933
Style Fourplex
Year Built 1969
Annual Tax Amount $15,720
Tax Year 2023
Property Description
Significant price improvement. Price per unit is tough to beat In the heart of Oakland Park you will find this effeciently designed building with a big shed inside a new fence and gate. Roof is sound and redone in 2017. Plenty of parking on two sides of the building. BCPA says it is 7 units. It is 5 one bedrooms units and 1 efficiency house long term tenants. 5 are month to month and 1 lease expires in the Aug 31, 2024 and will not be renewed. Rents are below market with plent of room to raise rent. $142000 per unit. Large storage shed conveys with sale. Units 5 (one BR) and 6 (efficiency) were at one time a 2 BR 2 Bath unit and could be put back as a two bedroom with little work.
Location
State FL
County Broward County
Area Ft Ldale Nw(3390-3400;3460;3540-3560;3720;3810)
Zoning RM-16
Interior
Heating No Heat
Cooling Electric Cooling
Flooring Tile Floors
Exterior
Waterfront No
Water Access N
Roof Type Comp Shingle Roof
Building
Lot Description 1/4 To Less Than 1/2 Acre Lot
Story 1.0000
Foundation Concrete Block Construction
Sewer Municipal Sewer
Others
Acceptable Financing Cash, Other Terms
Listing Terms Cash, Other Terms
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Bought with Rich Homes of Florida