$869,000
Fort Lauderdale, FL 33312
MLS# B26097484
2836 sqft
1 / 16
Property Description
7-unit multifamily building located in Melrose Park. Fully rented long term tenants and all tenants are month to month. Units need updating to kitchens and bathrooms and needs new roof. Perfect value add property or immediate income producer. Buyer can assume 6% mortgage currently held by owner Total Monthly rent: $8,085 Electric: $680, Water: $300, Trash: $300, Lawn: $100, Property Taxes: $20,585 Total Yearly rent: $97,020 Total yearly expenses: $37,145 ROI: 6.9%
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2026-11-06
Status: Active
Original List Price: 869000
List Price: $869,000
Current Price: $869,000
Listing Service: Full Service
Location and Legal
County Or Parish: Broward
County Parish Name: Broward
City Name: Fort Lauderdale
Municipality Type: Incorporated
Postal Code: 33312
Geographic Area: FTSW - Ft Lauderdale SW (3470-3500;3570-3590)
Subdivision Number: 8
Flood Zone: X
Property Description: MULTIFAMILY 2-9 UNITS
Country: United States
Street Number: 3750
Street Direction Prefix: SW
Street Name: 1ST
Street Suffix: Street
Unit Number: 1-7
State Or Province: FL
Postal Code +4: 1096
Area: 3570
Parcel Number: 504207081540
Zoning: RM-33.5
General Property Information
Number Of Units Total: 7
Occupant Type: Tenant
Adjusted Area Main: 2836
Accessibility Features YN: No
Lot Size Area: 9358
Stories Total: 1
Property Sub Type: Multi Family
Building Area Main: 2836
Building Area Source: Appraiser
Year Built: 1958
Parking Total: 9
Lot Size Acres: 0.21
Financial Information
Tax Assessed/SOH Value: 922770
Assessor Market Value: 942360
Tax Annual Amount: 20585.57
Tax Year: 2026
Tax Legal Description: MELROSE PARK SEC 8 39-36 B LOT 3 BLK 8
Office/Member Information
DXORIGMLSID: RML
Electric
101-200 Amp Service: 1
Flooring
Tile: 1
Parking Features
Assigned: 1
Guest: 1
Special Listing Conditions
Standard: 1
Documents Available
Books & Records: 1
Copy Of Lease(s): 1
Rent Rolls: 1
Fencing
Chain Link: 1
Meter Information
Separate Electric Meters YN: No
Separate Gas Meters YN: No
Separate Water Meters YN: No
Number Of Meters Total: 6
Location of Property
City Location: 1
Possession
Before Closing: 1
Sewer
Public Sewer: 1
Utilities
Electricity Available: 1
Sewer Available: 1
Water Connected: 1
Building and Property Details
# Of Tenants: 7
# Of Toilets: 7
% Air Conditioned: 100
Heating
Window/Wall: 1
Construction Materials
Block: 1
Brick: 1
Listing Terms
Assumable: 1
Cash: 1
Conventional: 1
Roof
Composition: 1
Shingle: 1
Security Features
None: 1
Water Source
Public: 1
Income and Expenses
Gross Income: 54000
Inc/Exp Statement Period: 2014
Real Estate Taxes: 3900
Utilities Expense: 7800
Gross Scheduled Income: 54000
Insurance Expense: 3800
Maintenance Expense: 2400
Net Operating Income: 33300
Operating Expense: 20700
Supplies Expense: 100
Source Of Expenses
Pro Forma: 1
Description of Unit Type 1
Unit Type: 1 Bedroom
Units Total: 1
Beds Total: 1
Full Baths: 1
Annual Rent: 14400
Description of Unit Type 2
Unit Type: 1 Bedroom
Units Total: 1
Beds Total: 1
Full Baths: 1
Annual Rent: 15720
Cooling
Wall/Window Unit(s): 1
Description of Unit Type 3
Unit Type: Efficiency
Units Total: 1
Full Baths: 1
Furnished: No
Annual Rent: 14100
Description of Unit Type 4
Unit Type: Efficiency
Units Total: 1
Full Baths: 1
Furnished: No
Annual Rent: 10200
Description of Unit Type 5
Unit Type: Efficiency
Units Total: 1
Full Baths: 1
Furnished: No
Annual Rent: 14400
Description of Unit Type 6
Unit Type: Efficiency
Units Total: 1
Full Baths: 1
Furnished: No
Annual Rent: 15000
Description of Unit Type 7
Unit Type: Efficiency
Units Total: 1
Full Baths: 1
Furnished: No
Annual Rent: 13200
Showing Requirements
Call Listing Agent: 1
Acreage Description
Less Than 1/4 Acre Lot: 1
Less Than 1 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-11-07T04:44:29Z
Major Change Type: New Listing
Status Change Date: 2026-11-06
Originating Details
Originating System Key: 20261105021742071993000000
Originating System ID: M00000170
Property Features
Documents Available: Books & Records; Copy Of Lease(s); Rent Rolls
Electric: 101-200 Amp Service
Fencing: Chain Link
Flooring: Tile
Heating: Window/Wall
Location of Property: City Location
Parking Features: Assigned; Guest
Possession: Before Closing
Special Listing Conditions: Standard
Source Of Expenses: Pro Forma
Construction Materials: Block; Brick
Cooling: Wall/Window Unit(s)
Listing Terms: Assumable; Cash; Conventional
Roof: Composition; Shingle
Security Features: None
Sewer: Public Sewer
Utilities: Electricity Available; Sewer Available; Water Connected
Water Source: Public
Showing Requirements: Call Listing Agent
Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot
Listing Office: United Realty Group Inc
Last Updated: November - 07 - 2026
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