$975,000
$1,100,000
11.4%For more information regarding the value of a property, please contact us for a free consultation.
2121 NE 40th Ct Lighthouse Point, FL 33064
Key Details
Sold Price $975,000
Property Type Commercial
Sub Type Income
Listing Status Sold
Purchase Type For Sale
Subdivision Lighthouse Point Apartments
MLS Listing ID F10054262
Year Built 1965
Annual Tax Amount $10,404
Tax Year 2016
Property Description
RARE OPPORTUNITY TO PURCHASE AN 8 UNIT BUILDING IN GREAT CONDITION IN THE CITY OF LIGHTHOUSE POINT! PROPERTY HAS HAD SAME OWNER FOR 51 YEARS. RENTS ARE EXTREMLY BELOW MARKET AND WITH SOME UPDATING COULD BE RAISED TO AS HIGH AS $1,300 PER MONTH. CURRENTLY OWNER LIVES IN UNIT 1 AND WILL VACATE UPON CLOSING. 3 OTHER UNITS ARE MONTH TO MONTH AND 4 UNITS HAVE LEASES EXTENDING UNTIL NOVEMBER 2017. PROJECTED INCOME AT CURRENT MARKET RENTS IS $115,000.00. NEW TILE ROOF WITHIN THE PAST 3 YEARS.
Location
State FL
County Broward County
Area North Broward Intracoastal To Us1 (3211-3234)
Zoning RM-25
Interior
Heating Central Individual A/C
Cooling Central Individual A/C
Flooring Ceramic Floor, Tile Floors
Exterior
Waterfront No
Water Access N
Roof Type Tile Roof
Building
Story 2.0000
Foundation Cbs Construction
Sewer Public Sanitation
Water Public Water
Others
Acceptable Financing Conventional/Refinance
Listing Terms Conventional/Refinance
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