Bought with EXP Realty LLC
$550,000
$550,000
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4 Beds
4 Baths
2,014 SqFt
SOLD DATE : 10/31/2022
Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,014 sqft
Price per Sqft $273
Subdivision Progresso
MLS Listing ID RX-10822868
Sold Date 10/31/22
Bedrooms 4
Full Baths 4
Construction Status Resale
HOA Y/N No
Year Built 1972
Annual Tax Amount $6,285
Tax Year 2021
Property Description
Investment Opportunity in the South Middle River area of east Ft Lauderdale, ideal for a live-in & income situation, dual income units or AirBnb. Each unit in the duplex offers 2 bed/2 bath with a shared laundry room in the back. Unit A was updated a few years back to include new windows, Unit B has a long-term tenant who has been in place for over a decade and has not been updated. Both units have newer ACs which were replaced within the last 2-3 years. The age of the roof is unknown at this time. Rents are currently well below market value at $1,450 & $1,400, leases end 11/30/22 & 3/31/23. With a little TLC, these units can lease for well above $2,000/side. If considering the AirBnb route, units in the immediate area are going for $98-$218/night off season (check zoning)
Location
State FL
County Broward
Area 3390
Zoning Multi 2-9 units
Interior
Heating Central, Electric
Cooling Ceiling Fan, Central, Electric
Flooring Tile
Exterior
Exterior Feature Fence
Community Features Sold As-Is
Utilities Available Cable, Electric, Public Sewer, Public Water
Amenities Available None
Waterfront Description None
Roof Type Comp Shingle
Present Use Sold As-Is
Private Pool No
Building
Lot Description < 1/4 Acre, Public Road
Story 1.0
Foundation CBS
Construction Status Resale
Schools
Elementary Schools Thurgood Marshall Elementary School
Middle Schools Sunrise Middle School
High Schools Dillard High School
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
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