$427,500
$450,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
2,444 SqFt
SOLD DATE : 03/31/2019
Key Details
Sold Price $427,500
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,444 sqft
Price per Sqft $174
Subdivision Prospect Gardens
MLS Listing ID H10649270
Sold Date 03/31/19
Style Fourplex
Construction Status Resale
HOA Y/N Yes
Total Fin. Sqft 8400
Year Built 1960
Annual Tax Amount $6,921
Tax Year 2018
Property Description
Property is a typical Oakland Park 4-plex built in 1960. The property is solid concrete block and stucco construction. The roof was recently replaced in 2017 and is in very good condition. The owner just upgraded the entire electrical service with a new weather head, service entrance, distribution panel, and meter cans. Two of the units have been extensively renovated and two are in need of upgrades. Two units have been occupied by the same family for 20 years. One of the tenants serves as an onsite maintenance man and mows the lawn as part of his monthly rental payment. Rents range from $775/mos to $900/mos. and could be increased across the board. This is an ideal "starter" property for a first time investor, easy to understand, maintain, manage and finance.
Location
State FL
County Broward County
Area Ft Ldale Nw(3390-3400;3460;3540-3560;3720;3810)
Zoning RM-16
Interior
Heating Window/Wall
Cooling Wall/Window Unit Cooling
Flooring Carpeted Floors, Ceramic Floor, Concrete Floors, Other Floors, Terrazzo Floors
Exterior
Exterior Feature Laundry Facility, Patio
Water Access Y
Water Access Desc None
Roof Type Fiberglass Roof
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Cbs Construction, Frame Construction, Slab Construction, Stucco Exterior Construction
Sewer Municipal Sewer
Water Municipal Water
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash, Cash Only, Conventional, Exchange
Listing Terms Cash, Cash Only, Conventional, Exchange
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Bought with Galleria International Realty
10011 Pines Boulevard Suite #103, Pembroke Pines, FL, 33024, USA