430-440 NW 40th Ct

    Oakland Park, FL 33309
    • $1,125,000
    • STATUS: Active
    • ON SITE: 3 days
    • MLS #: H10737830
    New On Site 3 Days Ago
    UPDATED: 58 min ago
    $1,125,000
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1968
    County:
    Area:

    School Ratings & Info

    Description

    The subject property contains 8 (2/1) apts and has a significant value add component. property consists of two fourplexes on a single lot. Rents are approximately 25% undervalued according to third-party evidence as illustrated in a rent survey. Each unit is approximately 800 ft.² with central A/C. The property supports a stabilized ROI of 9.2% based on list price with the taxes stepped up to reflect the asking price. Current PGI $97,440. Stabilized Gross Income $129,600**********Download the offer memorandum form the attachments in MLS**********

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    Information is deemed reliable but not guaranteed. © 2019 Participating Associations in the SEFLMLS. All rights reserved. This information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Use of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Data last updated 2019-09-15T16:00:14.877.
    www.southfloridahomefinderteam.com/homes/98859220

    430-440 NW 40th Ct Oakland Park, FL 33309

    • Price: $1,125,000
    • Status: Active
    • Updated: 58 min ago
    • MLS #: H10737830
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    1968
    Built
    Neighborhood:
    3720
    County:
    Broward
    Area:
    3720
    Property Description
    The subject property contains 8 (2/1) apts and has a significant value add component. property consists of two fourplexes on a single lot. Rents are approximately 25% undervalued according to third-party evidence as illustrated in a rent survey. Each unit is approximately 800 ft.² with central A/C. The property supports a stabilized ROI of 9.2% based on list price with the taxes stepped up to reflect the asking price. Current PGI $97,440. Stabilized Gross Income $129,600**********Download the offer memorandum form the attachments in MLS**********
    Exterior Features

    Roof Shingle Waterfront YN No

    Interior Features

    Cooling Central Air Cooling YN Yes Heating CentralElectric Heating YN Yes Levels One

    Property Features

    Ownership Corporation Property Sub Type Multi Family Sewer Public Sewer Tax Annual Amount 12986 Tenant Pays Electricity Water Source Public

    Listing courtesy of Media Realty.


    Information is deemed reliable but not guaranteed. © 2019 Participating Associations in the SEFLMLS. All rights reserved. This information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Use of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Data last updated 2019-09-15T16:00:14.877.
     
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    701 Promenade Drive, Suite 230
    Pembroke Pines FL, 33026