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2480 SW 42nd Ave 1-5, Fort Lauderdale, FL – $675,000

  • $675,000 Price
  • 7,683 Sqft
  • 119 DOM
  • $675,000 Price
  • 7,683 Sqft
  • 119 DOM

2480 SW 42nd Ave 1-5

Super Clean Property. The subject is a legal and well-maintained 5 Plex with direct view of canal. The property has received 5 new kitchens. The bathrooms are original but in very good condition. HVAC Unit AC. There are 6 electric meters; one for each unit plus a house meter. Currently the property is on a month-to-month arrangement with a sober house and pays $1800 per week for all 5 units. That equates to $93,600 per year and provides a 9.35% ROI. Purchaser shall determine to continue operating the property in its current fashion or rent on an annual basis to 5 yearly tenants. A market analysis shows the (2/2) units have a rent value of $1400 per month. Tenants would be responsible for water, trash & electricity. Download OM or visit website to obtain. For additional units available.

Essential Information

  • MLS® #H10768508
  • Price$675,000
  • Bathrooms0.00
  • Square Footage7,683
  • Acres0.00
  • Year Built1975
  • TypeCommercial/Industrial
  • Sub-TypeApartments
  • StyleIncome Non-Waterfront
  • StatusActive-Available

Community Information

  • Address2480 SW 42nd Ave 1-5
  • Area3690
  • Subdivision5Plex Great Shape
  • CityFort Lauderdale
  • CountyBroward County
  • StateFL
  • Zip Code33317-6912

Amenities

  • Parking Spaces10
  • WaterfrontLake Access

Interior

  • HeatingWall/Window Units
  • CoolingWall/Window Unit Cooling
  • # of Stories2
  • Stories2

Exterior

  • RoofComp Shingle Roof
  • ConstructionConcrete Block Construction

Additional Information

  • Days on Market119

Listing Details

  • OfficeMedia Realty
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