$700,000For Sale
Active: 1101 SW 24th Ave, Fort Lauderdale, FL 33312
0 Bed | 0 Bath | 1,248 sqft
Key Details
Type
Triplex
Year Built
1956
Tax 2022
$7,349
MLS #
F10379054
Home Description
6.3 % Cap Rate, Legal Triplex, This property boasts a prime location and all tenants have signed leases with a 2-month security deposit and no history of eviction. There are two studios that are rented at $1450 and $1500, respectively. Additionally, a 2-bedroom/1-bathroom unit is currently rented for $1800 but could easily be increased to $2100. All units feature new kitchens with new appliances and tile flooring, as well as two parking spaces per unit. The actual yearly income for the property is $57,000, but it can easily be increased to $60,600 per year. The expenses for the property include $7300 in taxes, $300 for water and electricity, and $50 for gardening, totaling $11,500. net income for the property is $45,500, with a projected income of $49,400.
Features & More
Interior Features
| Cooling | Window Unit(s) A/C |
Exterior & Building
| Architectural Style | Other |
| Roof Type | Composition Shingle |
Finance
| Tax in 2022 | $7,349 |
Nearby Schools
Schools provided by the listing agent
School info is currently unavailable from the MLS. Check back soon for updates.
Location
- Subdivision: Hoosier Heights 26-47 B
- County: Broward County
Source: Listhub.com
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