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1541 NW 3rd Avenue , A-B

Fort Lauderdale, FL 33311
  • $550,000
  • STATUS: Closed
  • ON SITE: 113 Days
  • MLS #: RX-10822868
Sold - 10/31/2022
$550,000
SOLD - 10/31/2022
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,014
    SQFT
  • $273
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1972
County:

School Information

Middle School:
High School:

Description

Investment Opportunity in the South Middle River area of east Ft Lauderdale, ideal for a live-in & income situation, dual income units or AirBnb. Each unit in the duplex offers 2 bed/2 bath with a shared laundry room in the back. Unit A was updated a few years back to include new windows, Unit B has a long-term tenant who has been in place for over a decade and has not been updated. Both units have newer ACs which were replaced within the last 2-3 years. The age of the roof is unknown at this time. Rents are currently well below market value at $1,450 & $1,400, leases end 11/30/22 & 3/31/23. With a little TLC, these units can lease for well above $2,000/side. If considering the AirBnb route, units in the immediate area are going for $98-$218/night off season (check zoning)

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www.daltonwade.com/homes/131930461
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1541 NW 3rd Avenue , A-B Fort Lauderdale, FL 33311

  • Price: $550,000
  • Status: Closed
  • On Site: 113 Days
  • Updated: 51 min ago
  • MLS #: RX-10822868
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2,014
SQFT
$273
$/SQFT
1972
Built
Neighborhood:
Progresso
County:
Broward
Area:
Fort Lauderdale
Elementary School:
Thurgood Marshall Elementary School
Middle School:
Sunrise Middle School
High School:
Dillard High School
Property Description
Investment Opportunity in the South Middle River area of east Ft Lauderdale, ideal for a live-in & income situation, dual income units or AirBnb. Each unit in the duplex offers 2 bed/2 bath with a shared laundry room in the back. Unit A was updated a few years back to include new windows, Unit B has a long-term tenant who has been in place for over a decade and has not been updated. Both units have newer ACs which were replaced within the last 2-3 years. The age of the roof is unknown at this time. Rents are currently well below market value at $1,450 & $1,400, leases end 11/30/22 & 3/31/23. With a little TLC, these units can lease for well above $2,000/side. If considering the AirBnb route, units in the immediate area are going for $98-$218/night off season (check zoning)
Exterior Features

Carport Spaces 0.00 Construction Cbs Exterior Features Fence Lot Description < 1/4 AcrePublic Road Private Pool YN No Roof Comp Shingle Unit1 Parking Space Parking Unit2 Parking Space Parking Waterfront Description None Waterfront YN No

Interior Features

Cooling Ceiling FanCentralElectric Flooring Tile Heating CentralElectric Unit1 Bedrooms 2 Unit1 Desc A/C UnitElectric MeterKitchenLaundryRange - ElectricRefrigerator Unit1 Full Baths 2 Unit1 Furnished No Unit1 Sq Ft 1007 Unit2 Bedrooms 2 Unit2 Desc A/C UnitDishwasherElectric MeterKitchenLaundryMicrowaveRange - Electric Unit2 Full Baths 2 Unit2 Furnished No Unit2 Sq Ft 1007 Unit3 Sq Ft 0 Unit4 Sq Ft 0

Property Features

Annual Net Operating Income 30100.00 Annual Total Expenses 4900.00 Auction No Available Info Leases Built Desc Resale Contingents Appraisal Gated Community No Gross Operating Income 35000.00 Hoa Fee Per Month 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Duplex Possession At ClosingQuick Closing REO No Restrictions None Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses OtherOwner Special Assessment No Special Info Sold As-Is Sq Ft Total 2014.00 Subdivision Amenities None Tax Amount 6285.00 Tax Year 2021 Taxes City/CountyNo Homestead Tenant Pays CableElectricInsuranceSewerWater Terms Considered CashConventionalOther Unit1 Monthly Income 1350.00 Unit2 Monthly Income 1550.00 Unit3 Monthly Income 0.00 Unit4 Monthly Income 0.00 Utilities CableElectricPublic SewerPublic Water Zoning Multi 2-9 Units

Listing provided courtesy of Compass Florida Llc: (561) 286-5166. Listing information © 2022 BeachesMLS
 
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