Off Market Triplex in Ft Lauderdale, 65% Renovated. 7% Cap Apartment Rental at Cash Flow Investors Portal in Florida, USA
Off Market Triplex in Ft Lauderdale, 65% Renovated. 7% Cap
Year Built: 1976
Asking Price USD 400,000
By Appointment Only
County Broward Rehab Minimum USD 0.00 Neighborhood
Rehab Maximum USD 5,000.00
Occupant Info Unit #1- occupied by long term tenant. Renewed lease 01/20 for $1,100/month. Unit #2- vacant and renovated. Unit #3- vacant and renovated.
Type Multi Family ARV Minimum
Number of Units 3 ARV Maximum
Property Make-up All three units are 2 Bedrooms, 1 Bathroom (2/1 x 3)
Fourth non-residential unit w/ separate meter + plumbing for laundromat revenue.
Estimated Rent USD 46,800.00 Year Built 1976 Actual Rent USD 13,200.00 Size 2,766.00
Lot Size 7,500.00 Deed Restriction No Deed Restriction Bedrooms 6 Bid Page 2 Additional Terms (obsolete)
Bathrooms 3.00 Tax ID Number 494228190230
Legal Description FT LAUDERDALE ESTATES 1ST ADD 80-28 B LOT 6 BLK 6 Pool No Description Fantastic off market Triplex in prime Lauderdale Manors. Situated in the middle of Mills Pond Park on a quiet, well maintained cul de sac. Two of the units have just been updated.....ready for top market rental income. ($1250 EACH) The third unit is rented to a long term resident for $1100 a month. This effortless investment is equipped with a separate meters and each unit has its own central AC along with utility hookups for the landlord to install a coin wash operated washer and dryer to capture additional revenue.
1 unit is currently rented for $1100 a month. Market rent in the area is $1200-$1300 a month.
All of the comparable duplexes and quad-plex comps are 150k per door. (Un-renovated) These are fully updated and being offered for less.
1461 NW 19th CT $299,000 4 Bed, 4 Bath, 1,932 s.f. DUPLEX, unrenovated Air Conditioning Central
Zoning 08 / MULTI-FAMILY
Addendum Special Sale Terms Notwithstanding the foregoing, in the event there is a monetary fine associated with any of the Encumbrances, Seller may elect, at it’s sole discretion, to (1) pay for such fines or provide Buyer a credit equal to or greater than such fines at closing; or (2) grant Buyer the option to either (a) terminate the Agreement; or (b) close on the property subject to such fines.