$295,000
$300,000
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1214 NE 5TH TER Fort Lauderdale, FL 33304
2,198 SqFt
Key Details
Sold Price $295,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,198 sqft
Price per Sqft $134
Subdivision Progresso
MLS Listing ID F1382589
Sold Date 07/20/16
Style Fourplex
Construction Status Resale
HOA Y/N No
Total Fin. Sqft 8104
Year Built 1961
Annual Tax Amount $4,947
Tax Year 2015
Property Description
Fantastic find!! Owner financing will be considered with 30-40% down payment. Clean 4 units in the heart of Ft Lauderdale. Two building on one large lot. All units are 1 bed 1 bath. Building have Newer roof, 3 newer electrical panels. One unit updated with newer floors, newer kitchen, bathroom, appliances, paint and central A/C. Current rents are below market. Annual Gross income is $35,640 Annual expenses are: Taxes $4,947 Insurance $2,200 Water & Sewer $1,440 Trash $1,962. Est. Cap Rate is 8%
Location
State FL
County Broward County
Community Progresso
Area Ft Ldale Ne (3240-3270;3350-3380;3440-3450;3700)
Zoning MULTI
Interior
Heating Window/Wall
Cooling Wall/Window Unit Cooling
Flooring Carpeted Floors, Ceramic Floor
Exterior
Water Access N
Roof Type Comp Shingle Roof
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Cbs Construction, Frame With Stucco
Sewer Municipal Sewer
Water Municipal Water
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Conventional, Owner Financing
Listing Terms Conventional, Owner Financing
Read Less
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