$710,000
$725,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
1108 NE 16th Ter Fort Lauderdale, FL 33304
3,300 SqFt
Key Details
Sold Price $710,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $215
Subdivision Progresso 2-18 D
MLS Listing ID F10152704
Style Fourplex
Year Built 1946
Annual Tax Amount $7,467
Tax Year 2017
Property Description
Fantastic 4-Plex in Ft Lauderdale's Lakeridge. Consists of (1) 3 bedroom/2 bath-(1) 2 bedroom/2 bath-(1) 2 bedroom/1 bath-(1) efficiency. New roof replaced in 2007 & Hurricane Impact windows/doors for windstorm protection and security. Property currently has one tenant on month-to-month agreement (vacating January). Hot rental neighborhood with a potential proforma of 6.72%-7.19% CAP rate. (3) meters for the property. Washer/Dryer hook-up for additional income. Oversized 10,126 sq.ft. lot! (4) Parking spaces & (3) guest parking spaces. Property RC=15 zoning. Central air for all units (no wall units). Property exterior was recently painted & new tile flooring in 3 of the units. Come add your personal touches and draw a nice income. Close to Galleria Mall, fine dining, shopping, & the beach!
Location
State FL
County Broward County
Area Ft Ldale Ne (3240-3270;3350-3380;3440-3450;3700)
Zoning RC-15
Interior
Heating Central Heat
Cooling Central Cooling
Flooring Terrazzo Floors, Tile Floors
Exterior
Waterfront No
Water Access N
Roof Type Comp Shingle Roof
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Concrete Block Construction, Cbs Construction
Sewer Municipal Sewer
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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