820 NE 17th Avenue, Fort Lauderdale, FL 33304 - Homes for Sale in Eastpointe - Palm Beach Gardens, FL

820 NE 17th Avenue, Fort Lauderdale, FL 33304 (MLS# FX-10415067)

$6,500,000
820 NE 17th Avenue
Fort Lauderdale, FL 33304
MLS# FX-10415067
Status: Closed

820 NE 17th Avenue, Fort Lauderdale, FL 33304
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Property Description
Prime Investment Opportunity in Victoria ParkOffered at $7,500,000Nestled in the heart of Victoria Park, this unique property presents an exceptional investment opportunity. For sale are a total of 27 units, seamlessly blending modern amenities with a prime location. Situated on over an acre of land, this investment includes the following adjacent properties:840 NE 17th Avenue, Fort Lauderdale828 NE 17th Avenue, Fort Lauderdale832 NE 17th Avenue, Fort Lauderdale820 NE 17th Avenue, Fort Lauderdale1702 NE 9th Street, Fort LauderdaleThe units, currently occupied by a mix of short- and long-term tenants. Notable upgrades include the replacement of windows and doors with impact glass and newer roofs.

Details
Contract Information
Status: Closed
Original List Price: 7500000
Sold Price: $5,750,000
Current Price: $5,750,000
Listing Date: 2023-12-22
General Property Description
Type: MultiFamily (5+ Units)
For Sale: Yes
For Lease: No
Property Desc: 27 units multi famil
Year Built: 1972
Built Desc: Resale
# of Stories: 2
Total Units: 27
Acres: 1.1
Location Tax Legal
Area: 3720
County: Broward
Parcel ID: 494234060170
Street #: 820
Street Dir: NE
Street Name: 17th
Street Suffix: Avenue
Zip Code: 33304
Legal Desc: PROGRESSO 2-18 D LOT 17,18 S 25 BLK 239
Geo Lat: 26.134763
Geo Lon: -80.125469
Status Change Info
Under Contract Date: 2024-05-03
Sold Date: 2024-05-17
Sold Price: $5,750,000
Terms of Sale: Cash
Monetary Info
Gross Sched Income: 775429
Net Oper Income: 407718
Source of Expenses: Owner
Property Features
Construction: Block; CBS; Concrete
Location: Airport Access
Sale Includes: Building and Land; Fixtures; Furniture
Avail Info: Investment Analysis
Flooring: Tile; Vinyl Floor
Cooling: Central Building; Central Individual
Heating: Central Building; Central Individual
Fire Protect: Smoke Alarm; Smoke Detector
Utilities: Public Water; Separate Meter; 201+ Amp
Security: Fence
Roof: Comp Shingle
Terms Considered: Assumable-Qualify; Cash
Contingencies: Sale of Other Property

Listing Office: LoKation

Last Updated: May - 17 - 2024

820 NE 17th Avenue, Fort Lauderdale, FL 33304 - MLS# FX-10415067

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