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Key Details
Sold Price $800,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,731 sqft
Price per Sqft $292
Subdivision Pinewood Heights
MLS Listing ID A11212454
Sold Date 11/17/22
Style Fourplex
Construction Status Effective Year Built
HOA Y/N No
Year Built 1961
Annual Tax Amount $7,573
Tax Year 2021
Contingent Pending Inspections
Property Description
Opportunity Zone newly renovated cash-flowing investment property. Four 2/1 units fully renovated with year leases. 8% Cap Rate. See accurate financials below. Featuring all new central ACs, updated electrical, impact windows (last ones currently being installed) and impact doors, replaced old cast iron piping with new PVC, installed new copper water piping, replaced wood beam rafters and structural sub-flooring for the second level. Interiors upgraded as well with new kitchens, bathrooms, etc.
Gross Annual Income: $85,200
NOI: $70,126
Monthly Rents are:
#1 $1,600
#2 $1,800
#3 $1,600
#4 $1,800
Annual Expenses:
Taxes - $7,573
Insurance - $4,741
Water and Sewer - $2,760
Brand new coin operated washer and dryers are generating an extra $300 positive cash flow per month.
Location
State FL
County Broward County
Community Pinewood Heights
Area 3423
Interior
Heating None
Cooling Central Air
Flooring Vinyl, Wood
Exterior
Exterior Feature Fence
Pool None
Community Features Laundry Facilities
Utilities Available Cable Available
Waterfront No
Roof Type Shingle
Total Parking Spaces 4
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Construction Status Effective Year Built
Others
Tax ID 484235420150
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Conventional
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Jaky Quelle
Broker Associate | License ID: BK3283887
Broker Associate License ID: BK3283887