$469,000
$469,900
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1,995 SqFt
SOLD DATE : 09/01/2020
Key Details
Sold Price $469,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,995 sqft
Price per Sqft $235
Subdivision Lake Ridge
MLS Listing ID F10223136
Sold Date 09/01/20
Style Duplex
Construction Status Resale
HOA Y/N No
Year Built 1959
Annual Tax Amount $3,870
Tax Year 2019
Property Description
Terrific opportunity to own a multi-family home with a 3/2 and two efficiencies. Great income potential and a potential cap rate at 7-8 percent. In a great location in LakeRidge on Victoria Park Road close to U.S. 1, the beach, Wilton Manors, downtown Fort Lauderdale, Flagler Village. Owner's unit is large, updated w/3 bedrms, 2 bathrms, eat-in granite/stainless steel kitchen, & large living room. Tenants are on a month-to-month lease. One unit is an updated 1 bedrm, 1 bath. Two small efficiencies. Ample parking. Green areas for every unit. Coin operated washer and dryer. Tremendous opportunity for owner occupant, Airbnb or investor! Income of $46,600 with all units rented. Current rent = $21,600. Owner unit potential=$24,000. Currently, expenses total $11,387.
Location
State FL
County Broward County
Area Ft Ldale Ne (3240-3270;3350-3380;3440-3450;3700)
Zoning RC-15
Interior
Heating Central Heat
Cooling Central Cooling, Wall/Window Unit Cooling
Flooring Ceramic Floor, Tile Floors
Exterior
Exterior Feature Exterior Lights, Extra Building/Shed, Fence, Laundry Facility, Room For Pool
Water Access N
Roof Type Barrel Roof
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Cbs Construction
Sewer Municipal Sewer
Water Municipal Water
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition As Is
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