$600,000
$639,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
3,298 SqFt
SOLD DATE : 08/08/2019
Key Details
Sold Price $600,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,298 sqft
Price per Sqft $181
Subdivision Coral Spgs Village Green
MLS Listing ID F10169979
Sold Date 08/08/19
Style Fourplex
Construction Status Resale
HOA Y/N No
Total Fin. Sqft 13750
Year Built 1968
Annual Tax Amount $10,773
Tax Year 2018
Property Description
Amazing Find! 4Plex In The Heart Of Coral Springs. Three Units Are 2 Bed 1 Bath & One 1 Bed 1 Bath. Units Have Central A/C. Some Units Have Updated Kitchens & Bathrooms. Building Is In Excellent Condition With Community Coin Laundry For Additional Income of Around $250 Monthly. Rents Are Way Below Market. Current Annual Income Including Laundry is $55,200 Proforma Income: $69,600. Total Expenses: $18,413. Expenses Include Taxes: $10,773 Lawn: $840 Insurance: $4,000 Water: $2,800. NOI: $36,787. Current Cap is 5.8%. Proforma Cap 8%.
Location
State FL
County Broward County
Area North Broward 441 To Everglades (3611-3642)
Zoning RM-20
Interior
Heating Central Heat
Cooling Central Cooling
Flooring Tile Floors
Exterior
Water Access N
Roof Type Barrel Roof
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Cbs Construction
Sewer Municipal Sewer
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition As Is
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Bought with JPM Realty Advisors, LLC
"My mission is to bring light into the world of real estate by turning the complex into simple and hard into easy, one person and one transaction at a time!"