For more information regarding the value of a property, please contact us for a free consultation.
731 NW 4th Ave Fort Lauderdale, FL 33311
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $624,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,543 sqft
Price per Sqft $245
Subdivision Progresso
MLS Listing ID A11074275
Style Fourplex
Year Built 1954
Annual Tax Amount $6,717
Tax Year 2020
Property Description
5 UNIT MULTI FAMILY PROPERTY IN THE FAST DEVELOPING PROGRESSO VILLAGE NEIGHBORHOOD, 3 BLOCKS FROM FLAGLER VILLAGE/DOWNTOWN FT LAUDERDALE! OPPORTUNITY FOR OWNERS & INVESTORS (CASH BUYERS/1031 EXCHANGE WELCOME). GREAT RETURNS! Gross Rent: $69k; NOI: $52,250. Seller open to selling LLC for added tax benefit!
This is a Legal 4-plex operating as 5 units (2/2 converted into a 1/1 + a Studio). Total of FIVE
rents collected monthly. Zoned RMM-25 (Residential Medium Density Mid-Rise). Has 5 marked Parking Spaces. The building is fenced in for security. All units have individual electric meters. Owner pays Water/Sewer/Trash
Removal/Landscaping. ALL units RENTED w/ annual leases/security deposits. Low maintenance costs (Water/Utility etc) CAP 8.3%. DO NOT DISTURB TENANTS! PROOF OF FUNDS REQUIRED.
Location
State FL
County Broward County
Community Progresso
Area 3560
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s), Wall/Window Unit(s)
Flooring Ceramic Tile
Exterior
Pool None
Utilities Available Cable Available
Roof Type Shake,Wood
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Structure Type Block
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Read Less
Bought with Sweetman Real Estate