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
July 22, 2021
Listed
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
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Data last updated 1:29 AM UTC, 2/10/2024.