$747,500
$780,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
1201 NE 5th Ave Fort Lauderdale, FL 33304
2,100 SqFt
Key Details
Sold Price $747,500
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,100 sqft
Price per Sqft $355
Subdivision Progresso 2-18 D
MLS Listing ID F10260577
Sold Date 04/14/21
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1955
Annual Tax Amount $6,898
Tax Year 2019
Property Description
6% Cap Rate! Do not miss this fully permitted, conforming cash cow fourplex! Recent updates include new impact windows and doors; new granite, stainless steel and wood kitchens; new porcelain tile baths; new fixtures and vinyl plank flooring; new ductless central AC systems; new tankless water heaters, new landscaping including irrigation; and more! Always 100% leased to long-term tenants. Increase rent by expanding Unit 4 into the carport to transform the One Bed/One Bath into a Two Bed/Two Bath. Five meters, new electrical service and panels. On-site laundry, meter room and storage room. Sit back and collect rents from Day 1! Located in an Opportunity Zone! Perfect Airbnb candidate!
Location
State FL
County Broward County
Area Ft Ldale Ne (3240-3270;3350-3380;3440-3450;3700)
Zoning RMM-25
Interior
Heating Central Heat
Cooling Central Cooling
Flooring Vinyl Floors
Exterior
Exterior Feature Exterior Lights, Fence, High Impact Doors, Laundry Facility, Patio
Waterfront No
Water Access N
Roof Type Built-Up Roof
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Concrete Block Construction
Sewer Municipal Sewer
Water Municipal Water
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition Flood Zone
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Bought with BHHS EWM Realty