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(754) 799-7545
Real Estate Company
1634 Ne 4th Pl, Fort Lauderdale, FL 33301
- $1,275,000
- 2,779
- SqFt
- List Price
- $1,275,000
- Days on Market
- 123
- Price Change
- ▼ $24,000 1789166952
- MLS#
- A12048001
- Year Built
- 1966
- Living Area
- 2,779
- Building Name
- Middle River Park
Property Description
This Victoria Park fourplex features three one-bedroom, one-bathroom units and one three-bedroom, two-bathroom unit, offering a strong income stream with significant upside potential. Units 1, 2, and 3 have generated over $51,000 in actual revenue year-to-date, providing an excellent income-producing opportunity with a secured income of $4,594/month. There is clear room to maximize total cash flow to current market rates, with projected proforma rents at $2,500 per month for the one-bedroom, one-bathroom layout in Unit 3, and $4,000 per month for the spacious owner-occupied layout in Unit 4. Located just minutes from Las Olas, downtown Fort Lauderdale, and the beach. The property is being sold strictly as-is. The asking price is firm at $1,275,000, and the seller will not entertain offers below this number.
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Additional Information
- Taxes
- $23,972
- Community Features
- Middle River Park
- Property Description
- Quadruplex, Fourplex
- Zoning
- RC-15
- Heating
- Window/Wall
- Air Conditioning
- Ceiling Fan(s), Central Air, Wall/Window Unit(s)
- Exterior Construction
- CBS Construction
- Roof
- Shingle
Listing Courtesy Of Compass Florida, LLC, Contact: 954-336-5734