Bought with Elite Properties & Investments
$505,000
$560,000
9.8%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
3 Baths
2,880 SqFt
SOLD DATE : 02/03/2022
Key Details
Sold Price $505,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $175
Subdivision Lauderdale North Park Sec
MLS Listing ID RX-10760106
Sold Date 02/03/22
Bedrooms 6
Full Baths 3
Construction Status Resale
HOA Y/N No
Year Built 1973
Annual Tax Amount $8,424
Tax Year 2020
Property Description
Rare opportunity to own a turn key 3-unit property with incredible cash flow, situated on a corner lot! This property currently generates $3950/mo with long-term annual lease tenants. Rent has not been increased to market value, and has the potential to generate significantly more. Each Tenant pays their utilities and water (each unit is separately metered). The three units are 2/1's with a spacious front yard, & shared amenities, and 6 parking spots.Buyer has a great opportunity to raise rents to current market value (somewhere between $1500-$1600), generating between $4500-$4800/mo in rents. DO NOT DISTURB TENANTS ACCEPTING AS IS CONTRACTS WITH THE RIGHT TO PREVIEW AND INSPECTION. ABSOLUTELY NO SHOWINGS BEFORE PLEASE SUBMIT PROOF OF FUNDS - CASH ONLY!!!
Location
State FL
County Broward
Area 3642
Zoning RM-10
Interior
Heating Central
Cooling Central
Flooring Tile
Exterior
Exterior Feature None
Utilities Available Public Sewer
Amenities Available None
Waterfront Description None
Roof Type Other
Private Pool No
Building
Lot Description < 1/4 Acre, Corner Lot
Story 1.0
Foundation Block, Concrete
Construction Status Resale
Others
HOA Fee Include None
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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