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Active Under Contract

Buy a multi-family propertyat 925 NW 3rd Ave, Fort Lauderdale, FL 33311

$849,900

$929,900 (-8.6%)

$0/mo

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Multifamily

2,859 Sq. Ft.

371 Days on market

A11376536 MLS ID

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About 925 NW 3rd Ave multi-family property

MOTIVATED SELLER, Bring All OFFERS! Looking to make a deal. Great Investment Opportunity as Downtown keeps expanding. The beautification of Downtown Ft Lauderdale has been underway for several years with high-rise luxury apartments being built. As the construction keeps moving west, areas in that direction are becoming more and more in demand. The appreciation alone in the very near future makes it worth a look, besides the fact that it's fully rented! Rents are at a moderate rate for fenced in 2 bed units but could definitely use a rent increase! All 4 units are 2 bed/1 bath that share a water meter. All units have separate electrical meters, central A/C and off-street parking. Streets in the area are getting makeovers and the area is definitely a hidden gem for the right investor!
MOTIVATED SELLER, Bring All OFFERS! Looking to make a deal. Great Investment Opportunity as Downtown keeps expanding. The beautification of Downtown Ft Lauderdale has been underway for several years with high-rise luxury apartments being built. As the construction keeps moving west, areas in that direction are becoming more and more in demand. The appreciation alone in the very near future makes it worth a look, besides the fact that it's fully rented! Rents are at a moderate rate for fenced in 2 bed units but could definitely use a rent increase! All 4 units are 2 bed/1 bath that share a water meter. All units have separate electrical meters, central A/C and off-street parking. Streets in the area are getting makeovers and the area is definitely a hidden gem for the right investor!

Property details

Building

Architectural Style: Detached

Building Area Total: 2859

Building Area Units: Square Feet

Building Name: PROGRESSO

Construction Materials: Stucco

Living Area: 2859

Living Area Units: Square Feet

Stories: 1

Stories Total: 1

Structure Type: Quadruplex, Fourplex

Year Built: 1968

Year Built Details: Resale

Location

City: Fort Lauderdale

Coordinates: "-80.1472983", "26.1358463"

County Or Parish: Broward County

Latitude: 26.1358463

Longitude: -80.1472983

MLS Area Major: Progresso

Postal Code: 33311

Postal Code Plus 4: 7498

State Or Province: FL

Street Dir Prefix: NW

Street Name: 3rd Ave

Street Number: 925

Street Number Numeric: 925

Subdivision Name: PROGRESSO

Unparsed Address: 925 NW 3rd Ave, Fort Lauderdale FL 33311

Cooling

Cooling: Central Air

Cooling YN: t

Floors

Flooring: Tile

Heating

Heating: Electric

Heating YN: t

Listing

Listing Id: A11376536

Listing Terms: All Cash, Conventional

List Price: 849900

Mls Status: Active With Contract

Number Of Units In Community: 4

Rent Includes: Sewer, Trash Collection, Water

Standard Status: Active Under Contract

Total Actual Rent: 83640

Lot

Lot Features: Less Than 1/4 Acre Lot

Lot Size Units: Square Feet

Property

Parcel Number: 494234055550

Property Sub Type: Quadruplex

Property Type: Residential Income

Parking

Parking Total: 4

Possession

Possession: Rental Agreement

Taxes

Tax Annual Amount: 9420

Tax Legal Description: PROGRESSO 2-18 D LOT 12,13 BLK 207

Tax Year: 2022

Monthly cost

Estimated monthly cost

$5,508/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$798,906

+$25,497

$824,403

Seller agent commission$25,497 (3%)*

$0 (0%)

Buyer agent commission$25,497 (3%)*

$25,497 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $25,497 more selling your home
with an Unreal Estate agent

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Unreal Estate checked: Apr 29, 2024 at 8:42 a.m.

Data updated: Aug 1, 2023 at 6:24 a.m.

Courtesy of Rent 1 Sale 1 MIA.
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing Information © 2024 MIAMI and Miami REALTORS®. All Rights Reserved.

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