Basic Information

  • MLS # A11074275
  • Type Quadruplex
  • Status Closed
  • Subdivision/Complex PROGRESSO
  • Year Built 1954
  • Total Sqft 2,543
  • Date Listed 07/26/2021
  • Days on Market 67
Description

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.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Parking Description
  • Style Quadruplex

Interior Features

  • Adjusted Sqft 2,543Sq.Ft
  • Cooling Description Ceiling Fans, Wall Window Units
  • Floor Description Ceramic Tile
  • Heating Description Wall Furnace
  • Sqft 2,543 Sq.Ft

Property Features

  • Address 731 NW 4th Ave
  • Aprox. Lot Size 2,543
  • Construction Materials Block
  • Furnished Info no
  • Listing Terms Cash, Conventional, Exchange1031
  • HOA Fees $0
  • Subdivision Complex
  • Subdivision Info PROGRESSO
  • Tax Amount $6,717
  • Tax Legal desc PROGRESSO 2-18 D LOT 9,10 BLK 282
  • Tax Year 2020
  • Terms Considered Cash, Conventional, Exchange1031
  • Type of Property Quadruplex

731 NW 4th Ave

Fort Lauderdale, FL 33311

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