820 NE 17th Avenue, Fort Lauderdale, FL 33304
$5,750,000
Property Type:
Comm/Industry
Status:
Closed
Current Price:
$5,750,000
Last Modified:
5/17/2024
Description
Prime Investment Opportunity in Victoria ParkOffered at $7,500,000Nestled in the heart of Victoria Park, this unique property presents an exceptional investment opportunity. For sale are a total of 27 units, seamlessly blending modern amenities with a prime location. Situated on over an acre of land, this investment includes the following adjacent properties:840 NE 17th Avenue, Fort Lauderdale828 NE 17th Avenue, Fort Lauderdale832 NE 17th Avenue, Fort Lauderdale820 NE 17th Avenue, Fort Lauderdale1702 NE 9th Street, Fort LauderdaleThe units, currently occupied by a mix of short- and long-term tenants. Notable upgrades include the replacement of windows and doors with impact glass and newer roofs.
More Information MLS# FX-10415067
General Property Description
For Sale: Yes
For Lease: No
Property Desc: 27 units multi famil
Acres: 1.1
Built Desc: Resale
# of Stories: 2
Total Units: 27
Type: MultiFamily (5+ Units)
Year Built: 1972
Location, Tax & Legal
Geo Area: FTNW
Country: United States
State/Province: FL
Tax Year: 2022
Zoning: RMM-25
Real Estate Taxes: 28931
Area: 3720
County: Broward
Parcel ID: 494234060170
Street #: 820
Street Dir: NE
Street Name: 17th
Street Suffix: Avenue
Zip Code: 33304
Legal Desc: PROGRESSO 2-18 D LOT 17,18 S 25 BLK 239
Geo Lat: 26.134763
Geo Lon: -80.125469
Office/Member Info
DXORIGMLNO: F10415067
DXORIGMLSID: FLL
Status Change Info
Terms of Sale: Cash
Under Contract Date: 2024-05-03
Sold Date: 2024-05-17
Sold Price: $5,750,000
Monetary Info
Gross Sched Income: 775429
Net Oper Income: 407718
Source of Expenses: Owner
Location
Airport Access: 1
City: 1
Sale Includes
Building and Land: 1
Fixtures: 1
Furniture: 1
Avail Info
Investment Analysis: 1
Construction
Block: 1
CBS: 1
Concrete: 1
Cooling
Central Building: 1
Central Individual: 1
Heating
Central Building: 1
Central Individual: 1
Flooring
Tile: 1
Vinyl Floor: 1
Utilities
Public Water: 1
Separate Meter: 1
201+ Amp: 1
Fire Protect
Smoke Alarm: 1
Smoke Detector: 1
Security
Fence: 1
Roof
Comp Shingle: 1
Terms Considered
Assumable-Qualify: 1
Cash: 1
Contingencies
Sale of Other Property: 1
Contract Information
Status: Closed
Original List Price: 7500000
Sold Price: $5,750,000
Current Price: $5,750,000
Listing Date: 2023-12-22
Property Features
Construction: Block; CBS; Concrete
Location: Airport Access
Sale Includes: Building and Land; Fixtures; Furniture
Avail Info: Investment Analysis
Flooring: Tile; Vinyl Floor
Cooling: Central Building; Central Individual
Heating: Central Building; Central Individual
Fire Protect: Smoke Alarm; Smoke Detector
Utilities: Public Water; Separate Meter; 201+ Amp
Security: Fence
Roof: Comp Shingle
Terms Considered: Assumable-Qualify; Cash
Contingencies: Sale of Other Property
Listing Office:
LoKation
Last Updated: May - 17 - 2024
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