Middle River Park
$1,275,000
1634 NE 4th Pl, Fort Lauderdale, FL 33301
2,779 sqft
Building Size
4
Units
Details:
Highlights:
- Lot Features: Less Than 1/4 Acre Lot, East Of US 1, Interior Lot
- Building Features: Laundry Facility
- Documents Available: Investment Analysis
- Cooling: Ceiling Fan(s), Central Air, Wall/Window Unit(s)
- Heating: Window/Wall
- Flooring: Tile
- Construction Materials: CBS Construction
Description:
This Victoria Park fourplex features three one-bedroom, one-bathroom units and one three-bedroom, two-bathroom unit, offering a strong income stream with significant upside potential. Units 1, 2, and 3 have generated over $51,000 in actual revenue year-to-date, providing an excellent income-producing opportunity with a secured income of $4,594/month. There is clear room to maximize total cash flow to current market rates, with projected proforma rents at $2,500 per month for the one-bedroom, one-bathroom layout in Unit 3, and $4,000 per month for the spacious owner-occupied layout in Unit 4. Located just minutes from Las Olas, downtown Fort Lauderdale, and the beach. The property is being sold strictly as-is. The asking price is firm at $1,275,000, and the seller will not entertain offers below this number.
Location
Gallery
