2480 SW 42nd Ave , 1-5

    Fort Lauderdale, FL 33317
    • $675,000
    • STATUS: Active
    • ON SITE: 165 days
    • MLS #: H10768508
    UPDATED: 64 min ago
    $675,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1975
    County:
    Area:

    School Ratings & Info

    Description

    Super Clean Property. The subject is a legal and well-maintained 5 Plex with direct view of canal. The property has received 5 new kitchens. The bathrooms are original but in very good condition. HVAC Unit AC. There are 6 electric meters; one for each unit plus a house meter. Currently the property is on a month-to-month arrangement with a sober house and pays $1800 per week for all 5 units. That equates to $93,600 per year and provides a 9.35% ROI. Purchaser shall determine to continue operating the property in its current fashion or rent on an annual basis to 5 yearly tenants. A market analysis shows the (2/2) units have a rent value of $1400 per month. Tenants would be responsible for water, trash & electricity. Download OM or visit website to obtain. For additional units available.

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    All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2020 BeachesMLS, Inc.
    IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2020-05-24T23:18:01.5.
    www.ewm.com/homes/101644540

    2480 SW 42nd Ave , 1-5 Fort Lauderdale, FL 33317

    • Price: $675,000
    • Status: Active
    • Updated: 64 min ago
    • MLS #: H10768508
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    1975
    Built
    Neighborhood:
    5Plex Great Shape
    County:
    Broward
    Area:
    3690
    Property Description
    Super Clean Property. The subject is a legal and well-maintained 5 Plex with direct view of canal. The property has received 5 new kitchens. The bathrooms are original but in very good condition. HVAC Unit AC. There are 6 electric meters; one for each unit plus a house meter. Currently the property is on a month-to-month arrangement with a sober house and pays $1800 per week for all 5 units. That equates to $93,600 per year and provides a 9.35% ROI. Purchaser shall determine to continue operating the property in its current fashion or rent on an annual basis to 5 yearly tenants. A market analysis shows the (2/2) units have a rent value of $1400 per month. Tenants would be responsible for water, trash & electricity. Download OM or visit website to obtain. For additional units available.
    Exterior Features

    Approximate Lot Size 7683 Construction Type Concrete Block Construction Parking Spaces 10 Roof Description Comp Shingle Roof Style Of Property Income Non-Waterfront Type Of Property Income/Multi-Family Waterfront Description Lake Access

    Interior Features

    Cooling Description Wall/Window Unit Cooling Floor Description Ceramic Floor Heating Description Wall/Window Units

    Property Features

    Association Fee 0 Building Name Number 5Plex Great Shape Information Available Financial Statement Lease Term Info Gross Rent ShownMonth To Month Lease Occupancy Information Tenant Occupied Ownership Corporation Property Sq Ft 7683 Sewer Description Public Sanitation Tax Amount 11661 Terms Considered CashConventional/Refinance Type Of Building Apartments Unit Count 1 Water Description Public Water

    Listing provided courtesy of Media Realty. Listing information © 2020 BeachesMLS


    All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2020 BeachesMLS, Inc.
    IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2020-05-24T23:18:01.5.
     
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