Multifamily in Fort Lauderdale, FL 33304
Lake Ridge, 1041 NE 9th Ave

$875K11.3%
$776,000
NaN
SqFt
Status
Sold - Feb 09, 2024
Size
N/A
Price
N/A
Type
Multifamily
Built
1953
MLS Number
F10410839
On Site
1011 Days
Updated
31 Days ago
Page Views
0
Fantastic opportunity to purchase a CASH COW income property in the Lake Ridge area. Duplex property. Total Income of $7,000 gross per month or 84,000.00 gross income per year. This property is perfect for Airbnb setup and to maximize the income further. Live in the large unit and manage the others. Above 8% rate of return on your investment as it is or make even more with Airbnb income conversion. This is a prime location. Potential for redevelopment townhouses. The area is growing with amazing surrounding businesses in the area such as Yoga, Cold Plunge, Restaurants, bars, barbers and salons, restaurants, and bars and clubs. Enjoy the 13th Ave revitalization. Invest in the best location and price per sq ft.

Features

Bedrooms
    Bathrooms
      Exterior and Lot Features
      • Exterior Features: Balcony
      Interior, Heating and Cooling
      • Heating Description: Other,SeparateMeters
      • Cooling Description: Electric, WallWindowUnits
      Building and Construction
      • Floor Description: Tile
      • Year Built: 1953
      Waterfront and Water Access
      • Waterfront Frontage: No info
      School Information
        Other Property Info
        • Listing Date: 2023-12-05T14:41:12.000-00:00
        Taxes, Fees & More
        • Maintenance Includes: Electricity,Water
        • Taxes: 9939
        • Total Floors in Building: 1
        • Total Units in Building: 2
        • Total Units in Complex: 2

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        Price History

        Current
        $776K
        High
        $875K
        Low
        $776K
        Total Change
        -11.3%
        $887K$826K$764KDec 23Feb 24
        Date
        Event
        Price
        Change
        Price Per
        02/09/2024
        Sold
        $776K
        -11.31%
        N/A ft2
        N/A m2
        12/05/2023
        Listed
        $875K
         
        N/A ft2
        N/A m2
        02/09/2024
        $776K
        Event
        Sold
        Change
        -11.31%
        Price Per
        N/A ft2
        N/A m2
        12/05/2023
        $875K
        Event
        Listed
        Price Per
        N/A ft2
        N/A m2
        Price per square foot and days on website are not provided values and are calculated by Subdivisions.
        Listed by Reinaldo Cunha • Alrei Real Estate Services LLC • Buyer Agency Compensation .

        Listing Location & Street View
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        Scores

        Walk Score®
        Very Walkable. Most errands can be accomplished on foot
        81

        100
        Transit Score®
        Some Transit. A few nearby public transportation options
        38

        100
        Bike Score®
        Bikeable. Some bike infrastructure
        57

        100
        Sound Score®
        Bearable noise
        77

        100
        Airport Score
        Close to airports. Noticeable airport activity
        0

        100
        Traffic Score
        Congested area. Frequent traffic delays
        29

        100
        Local Score
        Limited local amenities nearby
        1

        100
        Community Snapshot
        1 – 4 BR
        Bedrooms
        $145K – $1.6M
        Price Tier
        540 - 10,650
        SqFt Range
        2004
        Year Build
        2
        Total Floors

        Subdivision Amenities

        None
        Pool

        Fort Lauderdale
        Mid-Tier
        Mid-Tier Homes & Condos

        Lake Ridge Communities in Fort Lauderdale, FL