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Fort Lauderdale,FL 33311
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,009 sqft
Price per Sqft $349
Subdivision Dorsey Park
MLS Listing ID F10493079
Style Fourplex
Year Built 1957
Annual Tax Amount $18,659
Tax Year 2024
Property Sub-Type Fourplex
Property Description
Discover an outstanding investment opportunity, generating immediate cash flow from day one, with a CAP rate exceeding 8%. The first property consists of a Single Family home (4 beds, 2 baths), generating $3,000/month in rental income. Additionally, there's a quadplex on the lot, with four 2/1 units, generating $1,800/month per unit for a total of $7,200/month. The property also includes an extra building currently being used for storage, which could potentially be converted into a laundry facility, or another living space offering an opportunity for additional revenue. The total lot size is 11,300 sqft. The second lot is vacant and zoned Residential. It's 5,650 sqft in size, offering development potential. All lot sizes and details are pulled directly from BCPA for accuracy.
Location
State FL
County Broward County
Area Ft Ldale Nw(3390-3400;3460;3540-3560;3720;3810)
Zoning RS-8
Interior
Heating Electric Heat
Cooling Wall/Window Unit Cooling
Flooring Tile Floors
Exterior
Water Access N
Roof Type Flat Roof With Facade Front
Building
Lot Description 1/4 To Less Than 1/2 Acre Lot
Story 1.0000
Foundation Concrete Block Construction,Cbs Construction
Sewer Municipal Sewer
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional