$715,000
$749,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
2,248 SqFt
SOLD DATE : 12/15/2020
Key Details
Sold Price $715,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,248 sqft
Price per Sqft $318
Subdivision Coral Point
MLS Listing ID A10879919
Sold Date 12/15/20
Style Fourplex
Construction Status Effective Year Built
HOA Y/N No
Year Built 1956
Annual Tax Amount $7,350
Tax Year 2019
Contingent 3rd Party Approval
Property Description
Solid investment opportunity in prime location!This Multi-family has a total of 6 units with 7 Car Parking spaces & individual AC units. All units have 12 month lease agreements with security deposit. Current monthly rental income of $6,800.00; CAP 6.4% Consisting of: 2 small 1 bed/ 1 bath units + kitchen ($1250/ mth ea.) 1 Large Bed/ 1 bath unit + kitchen ($1450/mth) and 3 efficiency rooms with microwave & refrigerators ($950 mth ea.)All units are furnished! This property sits approximately 2.5 miles East of I-95. Walking distance to Whole Foods, Starbucks & restaurants on A1A | short 3 mile bike ride to Ft. Lauderdale beaches and less than 4 mile drive to E. Las Olas Blvd. Bus stop only 1/2 block from property. 3.5 miles to new Brightline - Fort Lauderdale Station.
Location
State FL
County Broward County
Community Coral Point
Area 3370
Direction I -95 take E Oakland Park Blvd Exit. Right on NE 16th Ave Left on NE 26th St. Property located to your Right.
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile
Exterior
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Shingle
Total Parking Spaces 7
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Construction Status Effective Year Built
Others
Tax ID 494225160070
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing 1031 Exchange
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