Sold

731 NW 4th Ave

Fort Lauderdale FL, 33311

$624,000


$245.38 per sqft

Sold

2,543 sqft

Multi-family

Built in 1954

5 UNIT MULTI FAMILY PROPERTY IN THE FAST DEVELOPING PROGRESSO VILLAGE NEIGHBORHOOD, 3 BLOCKS FROM FLAGLER VILLAGE/DOWNTOWN FT LAUDERDALE! OPPORTUNITY FOR OWNERS & INVESTORS (CASH BUYERS/1031 EXCHANGE WELCOME). GREAT RETURNS! Gross Rent: $69k; NOI: $52,250. Seller open to selling LLC for added tax benefit!
This is a Legal 4-plex operating as 5 units (2/2 converted into a 1/1 + a Studio). Total of FIVE
rents collected monthly. Zoned RMM-25 (Residential Medium Density Mid-Rise). Has 5 marked Parking Spaces. The building is fenced in for security. All units have individual electric meters. Owner pays Water/Sewer/Trash
Removal/Landscaping. ALL units RENTED w/ annual leases/security deposits. Low maintenance costs (Water/Utility etc) CAP 8.3%. DO NOT DISTURB TENANTS! PROOF OF FUNDS REQUIRED.

A11074275

MLS ID

February 10, 2024

Updated

Map

731 NW 4th Ave
Fort Lauderdale FL, 33311

Interior Features

Total Stories

1


Floor Description

Ceramic Floor


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s), Wall/Window Unit(s)


Heating

Yes


Heating Description

Window/Wall

Exterior/Building Features

Lot Features

Less Than 1/4 Acre Lot


Architectual Style

Detached


Roof

Wood Shake Roof


Sewer

Public Sewer

Other Property Details

Area Name

Progresso


Taxes

$6,717


Tax Frequency

Annually


Days on Market

43


Garage

No


Parking Total

5


View

No


County

Broward County


Pool

No


Zoning

RMM-25


Buyer Agency Compensation

3%

Listed by:  IBIS Realty Group, Inc.
Listing Contact: 718-501-8410 

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.  All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. 

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Data last updated 1:29 AM UTC, 2/10/2024.

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