$7,000,000
Fort Lauderdale, FL 33304
MLS# FX-10414943
Status: Closed
15489 sqft
1 / 39
Property Description
Prime Investment Opportunity in Victoria Park Offered at $7,500,000 Nestled 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 Lauderdale 828 NE 17th Avenue, Fort Lauderdale 832 NE 17th Avenue, Fort Lauderdale 820 NE 17th Avenue, Fort Lauderdale 1702 NE 9th Street, Fort Lauderdale The 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
Listing Date: 2023-12-28
Status: Closed
Original List Price: 7500000
Sold Price: $5,750,000
Current Price: $5,750,000
List Price/SqFt: 451.93
General Property Description
Type: Quad Plex
Total # of Units: 27
Property Condition: Resale
Year Built: 1958
Number of Stories: 2
SqFt - Living: 15489
Homeowners Assoc: None
Subdivision: Progresso 2-18 D
Waterfront: No
Private Pool: Yes
Separate Elec Meters: Yes
Separate Wtr Meters: Yes
Location Tax Legal
Area: 3720
County: Broward
Parcel ID: 494234060180
Street #: 828
Street Dir: NE
Street Name: 17th
Street Suffix: Avenue
Zip Code: 33304
Legal Desc: PROGRESSO 2-18 D LOT 18 LESS S 25,19 BLK 239
Geo Lat: 26.134969
Geo Lon: -80.125477
Status Change Info
Under Contract Date: 2024-05-01
Sold Date: 2024-05-17
Sold Price: $5,750,000
Terms of Sale: Cash
Sold Price/SqFt: 371.23
Unit 1 Info
Bedrooms: 2
Full Bath: 1
Monthly Income: 1
Income Expenses
Annual Total Expense: 310507
Annual Net Oper Inc: 409041
Property Features
Construction: Block; Concrete
Private Pool Description: Child Gate; Inground
Lot Description: 1 to < 2 Acres
Maintenance Fee Incl: Pool Service; Sewer; Trash Removal; Water
Flooring: Vinyl Floor
Cooling: Central
Heating: Central
Roof: Comp Shingle
Terms Considered: Cash; Conventional
Utilities: Cable; Public Sewer; Public Water
Avail Info: Accounting; Investment Analysis
Contingencies: None
Listing Office: LoKation
Last Updated: May - 17 - 2024
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