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Key Details
Sold Price $602,550
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,967 sqft
Price per Sqft $306
Subdivision Flamingo Manors
MLS Listing ID A11509049
Sold Date 02/13/24
Construction Status Effective Year Built
HOA Y/N No
Year Built 1973
Annual Tax Amount $8,712
Tax Year 2022
Contingent 3rd Party Approval
Property Description
This 2 unit multifamily building is located in an extremely desirable area within West Hollywood. The physical
property consists of 1,967 leasable SF, well situated on a 6,372 sf lot. The property is currently 100% leased to 2
month to month tenants. The 2 bed and 1 bath apartment are leased at $1,600 per month and the 3 bed and 2
bath apartment is leased for $1,900 per month. The property is grossing $42,000 per year. The tenants pay all
utilities. After all expenses this property is netting $28,732 per year providing an investor with a 4.8% actual
capitalization rate at full asking price. Month to month tenancy allows investor to raise rent post closing.
Location
State FL
County Broward County
Community Flamingo Manors
Area 3030
Interior
Heating Central
Cooling Central Air
Flooring Tile
Exterior
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Shingle
Total Parking Spaces 3
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Level or Stories One
Structure Type Block
Construction Status Effective Year Built
Others
Tax ID 514210470430
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash
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Bought with Beachfront Realty Inc
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Jaky Quelle
Broker Associate | License ID: BK3283887
Broker Associate License ID: BK3283887