Bought with United Realty Group Inc
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Key Details
Sold Price $920,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,937 sqft
Price per Sqft $233
Subdivision Hibiscus Gardens Amended Plat
MLS Listing ID RX-11076267
Bedrooms 8
Full Baths 8
Year Built 1984
Annual Tax Amount $16,530
Tax Year 2024
Property Sub-Type Quad Plex
Property Description
Attention savvy investors--this is your chance to secure a standout quadplex in one of Fort Lauderdale's hottest rental markets. Priced under its recent appraisal, this property offers immediate built-in equity and the potential for impressive cash flow. recently appraised at $1.1M. This multi-family asset offers four 2-bed/2-bath units in nice rental condition--with potential for modern upgrades to command higher rents. Current rents range from $2,300 to $2,900 per month, yielding an approximate 12.5% gross annual cap rate. Located minutes from beaches, dining, shopping, and entertainment. All liens have been cleared. Only the violations need to be assumed by the buyer. Schedule your showing today!
Location
State FL
County Broward
Area 3480
Zoning B-2
Interior
Heating Central
Cooling Central
Flooring Carpet, Ceramic Tile
Exterior
Exterior Feature None
Utilities Available Cable, Public Sewer, Public Water
Amenities Available None
Waterfront Description None
Roof Type Comp Shingle
Building
Lot Description < 1/4 Acre
Story 2.0
Foundation CBS
Others
Acceptable Financing Cash
Listing Terms Cash
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Ronaldo Domingos
Broker Associate | License ID: 3313768
Broker Associate License ID: 3313768