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3750 Sw 1st Street Unit #1-7, Fort Lauderdale, FL 33312

$869,000

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List Price: $869,000
MLS#: B26097484
Lot Size: 9,358
Subtype: Multi Family
County: Broward
Community: Not Found
Year Built: 1958

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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%

954-557-5993

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Additional Information

Status Label: ACTIVE
Total Unitsin Complex: 7
Construction: Concrete Block Construction, Brick
Cooling: Wall/Window Unit(s)
Flooring: Tile
Heating: Window/Wall
Lot Description: City Location, Less Than 1/4 Acre Lot, Less Than 1 Acre
Parking: Assigned, Guest
Roof: Comp Shingle Roof, Composition Roll, Shingle
Security: No Fire Protection, No Security
Taxes: $20,585
Utilities: Electricity Connected, Sewer Connected, Electricity Available, Sewer Available, Water Available
Unit Number: 1-7
Total Floors: 1
Stories: 1
Roofing: Comp Shingle Roof, Composition Roll, Shingle
Acres: 0.21