$1,675,000
$1,795,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
1108 NE 15th Ave Fort Lauderdale, FL 33304
6,966 SqFt
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
Style Fourplex
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
Waterfront No
Water Access N
Roof Type Comp Shingle Roof
Building
Lot Description 1/4 To Less Than 1/2 Acre Lot
Story 2.0000
Foundation Concrete Block Construction
Sewer Municipal Sewer
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition As Is
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Bought with Venture Realty Group