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497 NW 42 ST Oakland Park, FL 33309
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Key Details
Sold Price $689,900
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,940 sqft
Price per Sqft $116
Subdivision Prospect Gardens 22-26 B
MLS Listing ID A2185653
Sold Date 03/21/16
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1969
Tax Year 2014
Contingent Pending Inspections
Property Description
This is a fantastic investment. This could be converted to individual units for sale with an est. $200-300K profit. If you seek to keep the property long term, it also boasts an amazing up to 15% cap rate! Est annual appreciation in this area is on avg 13 -20%. Its one of the few areas in South Florida that boast great resale value and great cap rate. Seller will consider all reasonable offers. This building is actually 9 units
Location
State FL
County Broward County
Community Prospect Gardens 22-26 B
Area 3720
Interior
Heating Electric, Wall Furnace
Cooling Electric, Wall/Window Unit(s)
Flooring Ceramic Tile
Exterior
Pool None
Utilities Available Cable Available
Roof Type Shingle
Total Parking Spaces 10
Building
Lot Description Sprinklers Automatic, < 1/4 Acre
Story 1
Sewer Public Sewer
Water Public
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 494222081051
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Read Less
Bought with Benchmark Realty Group LLC