622 SW 5th Ave

Fort Lauderdale, 622 SW 5th Ave, 33315

Quick Summary

Property ID
PR686519444
Price
$475,000
Area:
2,100 sq ft

Property Description

No. Units: 3
Lot Size: 10,875 SF
Price/Unit: $158,333.33 /Unit
Property Type: Multifamily
Property Sub-type: Duplex/Triplex/Fourplex
Property Use Type: Investment
Commission Split: 3%
Cap Rate: 8%
Status: Active

Large lot with 3 wonderful units on it. Around 11,000 sq ft lot! Legal triplex. Front unit can collect $1,550 to $1,750. Back Units can collect $900 to $1,000. Front unit is a wonderful, renovated 3 Bedroom 1 Bath home with high ceilings and recessed lighting. Great property for investment. Either live in front house and rent out the back 2 units, or rent it all out for very good return and hold onto very valuable downtown Fort Lauderdale property. Also zoned to build townhouses on. Great rare piece of property. All units are renovated and very nice. Plenty of parking. Wonderful relaxing grounds that have been renovated.

Location Description:
Downtown Fort Lauderdale 5 mins from Las Olas.

Financial Summary / Actual
Net Operating Income / $34,000

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