$825,000
$900,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
1831 NE 56th St Fort Lauderdale, FL 33308
2,734 SqFt
Key Details
Sold Price $825,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,734 sqft
Price per Sqft $301
Subdivision Coral Highlands Resub Blk
MLS Listing ID A11525023
Sold Date 04/15/24
Style Fourplex
Construction Status New Construction
HOA Y/N No
Year Built 1966
Annual Tax Amount $13,252
Tax Year 2023
Contingent 3rd Party Approval
Property Description
Prime investment opportunity in a desirable Ft. Lauderdale location! This 4-unit multifamily property boasts a diverse unit mix: 2 spacious 2-bedroom apartments, 1 efficiency unit, and 1 1-bedroom unit currently occupied by the maintenance staff (with subsidized rent). Enjoy recent updates like new PVC plumbing and AC units. Plus, 5 assigned parking spaces add convenience. Surrounded by top-rated public and private schools within walking distance! With rents significantly below market rates, this property offers tremendous upside potential. Renovate and achieve potential rental income of approximately $7700/month. Don't miss out on this excellent value-add investment opportunity!"
Location
State FL
County Broward County
Community Coral Highlands Resub Blk
Area 3350
Interior
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s)
Flooring Tile
Exterior
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Shingle
Total Parking Spaces 5
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Construction Status New Construction
Others
Tax ID 494212030080
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA
Listing Terms Cash, Conventional, 1031 Exchange, FHA
Financing 1031 Exchange
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Bought with Grand State Realty