$538,500
$538,500
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2,550 SqFt
SOLD DATE : 01/26/2022
Key Details
Sold Price $538,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,550 sqft
Price per Sqft $211
Subdivision Progresso 2-18 D
MLS Listing ID F10305554
Sold Date 01/26/22
Style Duplex
Construction Status Resale
HOA Y/N No
Year Built 1981
Annual Tax Amount $5,618
Tax Year 2020
Property Description
Investment opportunity in revitalization area of South Middle River Terrace. Access provided after accepted/executed contract. Blocks from Wilton Manors & Milk Money Bar/Kitchen. Long term, month-to-month tenants, under market rents ready to increase & stabilize. New roof (2019), new driveway (10/2021), new HVAC units (2018) & handler (2021), new water heater & new tile floor (2020). Strong long term rental hold with pro-forma NOI of $36,871 & 6.84% cap rate. No sign at property, do not disturb tenants.
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 Tile Floors
Exterior
Exterior Feature Exterior Lights, Fence, Laundry Facility, Patio
Water Access Y
Water Access Desc None
Roof Type Other 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
Listing Terms Cash, Conventional
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Bought with Florida New Dream Corp.
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