Investment Opportunity in the South Middle River area of east Ft Lauderdale

Ideal for a live-in and income situation, dual income units or AirBnb. Each unit in the duplex offers 2 bed/2 bath with a shared laundry room in the back. Unit A was updated a few years back to include new windows, Unit B has a long-term tenant who has been in place for over a decade and has not been updated. Both units have newer ACs which were replaced within the last 2-3 years. The age of the roof is unknown at this time. Rents are currently well below market value at $1, 450 and $1, 400, leases end 11/30/22 and 3/31/23. With a little TLC, these units can lease for well above $2, 000/side. If considering the AirBnb route, units in the immedite area are going for $98-$218/night off season (check zoning) Conveniently located within a few miles from the beaches, shopping and restaurants!

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on 1541 NW 3rd Ave Unit A-B
in Fort Lauderdale, FL
Presented by Annelle Ripple at
COMPASS.


Property MLS #RX-10822868 from BeachesMLSFlex

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+ Bedrooms

Bedrooms: 4

+ Bathrooms

Total Bathrooms: 4
Full Bathrooms: 4

+ Heating and Cooling

Cooling Features: Ceiling Fan, Central, Electric
Heating Features: Central, Electric

+ Interior Features

Flooring: Tile

+ Exterior and Lot Features

Fence

+ Land Info

Lot Description: < 1/4 Acre, Public Road

+ Homeowners Association

Association: No
Association Fee Frequency: Monthly
Calculated Total Monthly Association Fees: 0

+ School Information

Elementary School: Thurgood Marshall Elementary School
High School: Dillard High School
Middle School: Sunrise Middle School
+ Display Complete School Details

Thurgood Marshall Elementary School is a public elementary school located approximately 0.6 miles away.
Map directions

Sunrise Middle School is a public middle school located approximately 1.5 miles away.
Map directions

Dillard High School is a public middle and high school located approximately 1.9 miles away.
Map directions

Jam Youth Connection is a private middle and high school located approximately 0.4 miles away.
Map directions

+ Rental Info

Gross Income: 35000.00
Tenant Pays: Cable, Electric, Insurance, Sewer, Water

+ Multi-Unit Info

Number of Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Full Bathrooms in Unit-1: 2
Full Bathrooms in Unit-2: 2
Unit-1 Description: A/C Unit, Electric Meter, Kitchen, Laundry, Range - Electric, Refrigerator
Unit-1 Furnished Description: No
Unit-2 Furnished Description: No
Unit-1 Square Feet: 1007
Unit-2 Square Feet: 1007

+ Other Property Info

Annual Tax Amount: 6285.00
Source Listing Status: Closed
County: Broward
Directions: 95 to Commercial Blvd East, Right on N Andrews Ave, Right on NE 16th St, left on NW 3rd Ave or
Tax Year: 2021
Source Property Type: Duplex
Area: 3390
Source Neighborhood: Progresso
Subdivision: Progresso
Zoning: Multi 2-9 units
Source System Name: C2C
+ Reveal Property Sale History

Listed 2022-11-03
$550,000
BeachesMLSFlex

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Sold 2022-10-31
$550,000
BeachesMLSFlex

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Price Changed 2022-09-20
$550,000
BeachesMLSFlex

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Price Changed 2022-09-09
$575,000
BeachesMLSFlex

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Listed 2022-08-10
$599,000
BeachesMLSFlex

+ Commercial Info

Net Operating Income: 30100.00
Operating Expense: 4900.00

+ Building and Construction

Total Square Feet Living: 2014
Year Built: 1972
Construction Materials: CBS
Living Area Source: Tax Rolls
Property Age: 50
Property Condition: Resale
Roof: Comp Shingle
Levels or Stories: 1.0
Structure Type: Property Type: B
Total Area Sqft: 2014
Year Built Details: Resale

+ Utilities

Electric: Yes
Cable
Electric
Public Sewer
Public Water
Water Source: Public Water