$1,100,000
$1,100,000
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1532 SW 5th Pl Fort Lauderdale, FL 33312
4,594 SqFt
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,594 sqft
Price per Sqft $239
Subdivision Riverside 2 1-104 D
MLS Listing ID F10377734
Style Fourplex
Year Built 1969
Annual Tax Amount $12,341
Tax Year 2022
Property Description
Fantastic Find!!Large Fort Lauderdale Fourplex With Tremendous Upside Potential! All Units Are 3 Bedroom/2 Bath, Hurricane Impact Windows, Central A/C And Separate Electric. Building Is Centrally Located Minutes To Downtown Ft Lauderdale & Famous Ft Lauderdale Beach. Making It Perfect For AirBnB, Vacation Rentals Or Annual Rentals. Building Is In Need Of Some TLC, & Is Currently Grossing $103,200 Annually (7.1% Cap). Annual Projected Gross Income Is $131,712+(9.7% Cap). Total Expenses Are $25,041. Expenses Include Taxes: $12,341 Landscaping: $600 Estimated Insurance: $7,000 Water: $3,300 Trash: $1,800. Onsite Laundry Facility With Washer/Dryer Hookups, Perfect To Add Coin Operated Machines For Additional Income. Info Is Believed Accurate But Is Not Guaranteed. A Must See!!
Location
State FL
County Broward County
Area Ft Ldale Sw (3470-3500;3570-3590)
Zoning RM-15
Interior
Heating Central Heat
Cooling Central Cooling
Flooring Tile Floors
Exterior
Exterior Feature Open Balcony
Water Access N
Roof Type Comp Shingle Roof
Building
Lot Description Less Than 1/4 Acre Lot
Story 2.0000
Foundation Cbs Construction, Stucco Exterior Construction
Sewer Municipal Sewer
Water Municipal Water
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition As Is
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Bought with Fidelity Real Estate Group LLC