$629,000
Fort Lauderdale, FL 33311
MLS# R10954210
Status: Closed
2254 sqft
1 / 32
Property Description
Here's your opportunity to own a TRUE 4 unit quadraplex in the heart of Ft Lauderdale across from Mills Pond Park. 3 Units are 1/1's and the 4th is an efficiency. This investment is worry free with a four year old roof; 4 newer AC's installed since 2018; updated electrical panels. 3 of the 4 units have been remodeled since 2018 with new kitchens, granite, new baths, appliances, & porcelain tile. Also, 3 of 4 units are also on a month to month basis. Separate electric meters. Fenced courtyard area for the kids to play. Rents have room for an increase to reach market rate giving you an excellent cap rate.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2024-01-27
Status: Closed
Original List Price: 689000
Sold Price: $629,000
Current Price: $629,000
Location and Legal
County Or Parish: Broward
County Parish Name: Broward
City Name: Fort Lauderdale
Postal Zip: 33311
Geographic Area: FTNW - Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
Multiple Offers Accepted: Yes
Special Assessment YN: No
Country: United States
Street Number: 1480
Street Direction Prefix: NW
Street Name: 20th
Street Suffix: Court
Unit Number: A-D
State Or Province: FL
Postal Code: 33311
Subdivision Name: FT LAUDERDALE ESTATES
Area: 3390
Elementary School: Sunland Park Academy
Middle Or Junior School: William E. Dandy
High School: Dillard 6-12
Parcel Number: 494228180410
Zoning: RM-15
Directions: FROM I95, WEST ON OAKLAND PARK BLVD, SOUTH ON POWERLINE, WEST ON NE 19TH STREET, NORTH ON NW 15TH AV, RIGHT ON 20TH COURT, PROPERTY ON YOUR RIGHT.
General Property Information
Number Of Units Total: 4
Living Area Main: 2254
Gated Community YN: No
Lot Size Area: 7500
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories: 1
Pool Private YN: No
Property Sub Type: Quadruplex
Building Area Main: 2254
Building Area Source: Public Records
Year Built: 1974
Lot Size Acres: 0.17
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2024-03-04T13:47:28Z
Major Change Type: Status Change
Status Change Date: 2024-03-04
Under Contract Date: 2024-02-09
Close Date: 2024-02-29
Close Price: 629000
Association Amenities
Baseball/Softball Field: 1
Park: 1
Picnic Area: 1
Playground: 1
Soccer Field: 1
Electric
Three Phase: 1
Flooring
Ceramic Tile: 1
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Documents Available
Copy Of Lease(s): 1
Deposit Held: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Water Meters YN: No
Structure Type
Quadruplex: 1
Tenant Pays
Electricity: 1
Possession
Close Of Escrow: 1
Negotiable: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Sewer Available: 1
Water Available: 1
Heating
Electric: 1
Water Access
None: 1
Construction Materials
Block: 1
CBS: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Roof
Mansard: 1
Water Source
Public: 1
Income and Expenses
Annual Total Expense: 20000
Gross Income: 51000
Net Operating Income: 31000
Source Of Expenses
Owner Provided: 1
Cooling
Electric: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Schedule Online: 1
Restrictions
No Restrictions: 1
Storm Protection
Impact Glass: Partial
Storm Protection Details
None: 1
Tax Information
No Homestead: 1
Outdoor Living Spaces
Patio: 1
Patio Details
Patio - Covered: 1
Contingencies
Inspection: 1
Unit 1 Appliances
Range: 1
Refrigerator: 1
Unit 1 Details
Actual Rent: 1200
Baths Full: 1
Beds Total: 1
Furnished: Unfurnished
SqFt: 585
Unit 1 Lease Description
Lease Expiration: 2024-03-31
Unit 1 Other Equipment
Air Conditioning Unit: 1
Unit 1 Parking Features
Parking Space: 1
Unit 1 Rooms
Kitchen: 1
Unit 2 Appliances
Range: 1
Refrigerator: 1
Unit 2 Details
Actual Rent: 1100
Baths Full: 1
Beds Total: 1
Furnished: Unfurnished
SqFt: 460
Unit 2 Other Equipment
Air Conditioning Unit: 1
Unit 2 Parking Features
Parking Space: 1
Unit 2 Rooms
Kitchen: 1
Unit 3 Appliances
Range: 1
Refrigerator: 1
Unit 3 Details
Actual Rent: 1000
Baths Full: 1
Beds Total: 1
SqFt: 783
Unit 3 Other Equipment
Air Conditioning Unit: 1
Unit 3 Parking Features
Parking Space: 1
Unit 3 Rooms
Kitchen: 1
Laundry Room: 1
Unit 4 Appliances
Range: 1
Refrigerator: 1
Unit 4 Details
Actual Rent: 950
Baths Full: 1
Efficiency YN: Yes
SqFt: 310
Unit 4 Other Equipment
Air Conditioning Unit: 1
Unit 4 Parking Features
Parking Space: 1
Unit 4 Rooms
Kitchen: 1
Price Calculations
Current Price To SqFt: 279.05
Original List Price To Close Price: 1.09
Acreage Description
Less Than 1/4 Acre Lot: 1
Financial Information
Tax Annual Amount: 8652.71
Tax Year: 2023
Tax Legal Description: FT LAUDERDALE ESTATES 76-9 B LOT 3 BLK 3
Originating Details
Originating System Key: 20240112202249017372000000
Originating System ID: M00000170
Property Features
Association Amenities: Baseball/Softball Field; Park; Picnic Area; Playground; Soccer Field
Documents Available: Copy Of Lease(s); Deposit Held
Electric: Three Phase
Flooring: Ceramic Tile
Property Condition: Resale
Structure Type: Quadruplex
Tenant Pays: Electricity
Source Of Expenses: Owner Provided
Construction Materials: Block; CBS
Heating: Electric
Listing Terms: Cash; Conventional; FHA; VA Loan
Possession: Close Of Escrow; Negotiable
Restrictions: No Restrictions
Roof: Mansard
Sewer: Public Sewer
Storm Protection Details: None
Tax Information: No Homestead
Utilities: Cable Available; Sewer Available; Water Available
Water Access: None
Water Source: Public
Showing Requirements: Appointment Only; Call Listing Agent; Schedule Online
Outdoor Living Spaces: Patio
Patio Details: Patio - Covered
Unit 1 Appliances: Range; Refrigerator
Unit 1 Other Equipment: Air Conditioning Unit
Unit 1 Parking Features: Parking Space
Unit 1 Rooms: Kitchen
Unit 2 Appliances: Range; Refrigerator
Unit 2 Other Equipment: Air Conditioning Unit
Unit 2 Parking Features: Parking Space
Unit 2 Rooms: Kitchen
Unit 3 Appliances: Range; Refrigerator
Unit 3 Other Equipment: Air Conditioning Unit
Unit 3 Parking Features: Parking Space
Unit 3 Rooms: Kitchen; Laundry Room
Unit 4 Appliances: Range; Refrigerator
Unit 4 Other Equipment: Air Conditioning Unit
Unit 4 Parking Features: Parking Space
Unit 4 Rooms: Kitchen
Contingencies: Inspection
Acreage Description: Less Than 1/4 Acre Lot
Listing Office: Coldwell Banker
Last Updated: August - 06 - 2026
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