Berkshire Hathaway HomeServices
Listed by Berkshire Hathaway HomeServices
$1,325,000
1820 NE 56th Street
Details
APN 494213063170
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 4,588
Units 6
NOI $74,600
Year Built 1965
Stories 2
Acreage 0.190
Zoning RMM-25
Parking Spaces 9 spaces
Parking per 1,000 SqFt 1.96
Multifamily | 6 Units
Marketing description
PRIME INVESTOR OPPORTUNITY: TURNKEY 6-UNIT MULTIFAMILY BUILDING IN DESIRED CORAL RIDGE. SITUATED IN A TOP-TIER FORT LAUDERDALE RENTAL MARKET. PROPERTY COMPRISES TWO 2/1 UNITS AND FOUR 1/1 UNITS ON A SUBSTANTIAL CONCRETE CORNER LOT. OFFERS AMPLE PARKING FOR UP TO 13 VEHICLES. ENJOY STRONG IMMEDIATE CASH FLOW PLUS ADDITIONAL INCOME FROM COIN-OPERATED LAUNDRY ROOM. PERFECT FIT FOR 1031 EXCHANGE, SAVVY INVESTORS, OR OWNER-OCCUPIERS. FREEDOM OF NO HOA AND NO RENTAL RESTRICTIONS. FEATURING A NEW ROOF (2021), NEW WASHER/DRYER, AND ALL CENTRAL A/C SYSTEMS (MOSTLY 1-4 YEARS NEW). UP TO DATE WITH ALL 40/10-YEAR RECERTIFICATIONS COMPLETED. --- DO NOT DISTURB TENANTS.---
Listing Contacts
Berkshire Hathaway HomeServices
Listed by Berkshire Hathaway HomeServices
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,600.00
$6,216.67/mo
Valuation Metrics
0
DSCR
5.63%
Cap Rate
5.63%
ROI
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Tax History
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