Multifamily in Fort Lauderdale, FL 33304Lake Ridge, 1108 NE 15th Ave
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Closed
$1,675,000
6,966
SqFtStatus
Sold - Oct 28, 2019
Size
6,966 SqFt (647 m2)
Price
$240/SqFt ($2,588/m2)
Type
Multifamily
Built
1961
MLS Number
F10177401
On Site
2668 Days
Updated
31 Days ago
Page Views
0
Amazing Find!13 Units On A Double Lot Only 2 Miles From The Beach! 8 Units Are 1 Bedroom 1 Bath. One Unit Has 2 Bedrooms 2 Baths & 4 Units Are Studios. Coin Operated Laundry Used For Additional Income. Current Rents Are Way Below Market. Actual Gross Income Is $138,480 Proforma Gross Income: $186,000. Total Expenses: $36,270 Expenses Include Taxes: $14,990 Lawn: $750 Insurance: $9,314 Water: $4,610 Electric: $ 3,006 Trash: $3,600. Projected Cap is 8%. Amazing Find!13 Units On A Double Lot Only 2 Miles From The Beach! 8 Units Are 1 Bedroom 1 Bath. One Unit Has 2 Bedrooms 2 Baths & 4 Units Are Studios. Coin Operated Laundry Used For Additional Income. Current Rents Are Way Below Market. Actual Gross Income Is $138,480 Proforma Gross Income: $186,000. Total Expenses: $36,270 Expenses Include Taxes: $14,990 Lawn: $750 Insurance: $9,314 Water: $4,610 Electric: $ 3,006 Trash: $3,600. Projected Cap is 8%.
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: None,SeparateMeters
- Cooling Description: WallWindowUnits
Building and Construction
- Floor Description: Carpet,Tile
- Year Built: 1961
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2019-05-23T14:50:14.000-00:00
Taxes, Fees & More
- Maintenance Includes: Electricity, MaintenanceGrounds, Sewer, Trash, Water
- Taxes: 14990
- Real Estate Taxes: 385200
- Total Floors in Building: 2
- Total Units in Building: 3
- Total Units in Complex: 3
Apples-to-Apples Comparables
Price History
Date
Event
Price
Change
Price Per
06/28/2019
Listed
$1.7M
 $240 ft2
$2,588 m2
06/28/2019
$1.7M
Event
Listed
Price Per
$240 ft2
$2,588 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Carlos Montoya • Fidelity Real Estate Group LLC • Buyer Agency Compensation .
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Scores
81
100
38
100
57
100
77
100
0
100
29
100
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
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Inactive Segment
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