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497 NW 42 ST Oakland Park, FL 33309
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Key Details
Sold Price $689,900
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,940 sqft
Price per Sqft $116
Subdivision Prospect Gardens 22-26 B
MLS Listing ID A2185653
Style Fourplex
Year Built 1969
Tax Year 2014
Property Description
This is a fantastic investment. This could be converted to individual units for sale with an est. $200-300K profit. If you seek to keep the property long term, it also boasts an amazing up to 15% cap rate! Est annual appreciation in this area is on avg 13 -20%. Its one of the few areas in South Florida that boast great resale value and great cap rate. Seller will consider all reasonable offers. This building is actually 9 units
Location
State FL
County Broward County
Community Prospect Gardens 22-26 B
Area 3720
Interior
Heating Electric, Wall Furnace
Cooling Electric, Wall/Window Unit(s)
Flooring Ceramic Tile
Exterior
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Shingle
Building
Lot Description Sprinklers Automatic, < 1/4 Acre
Story 1
Sewer Public Sewer
Water Public
Structure Type Block
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Benchmark Realty Group LLC
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