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828 NE 17th Avenue, Fort Lauderdale, FL 33304

$5,750,000
Property Type: Residential Income Square Footage: 15,489 Status: Closed
Current Price: $5,750,000 Last Modified: 5/17/2024

Description

Prime Investment Opportunity in Victoria Park Offered at $7,500,000 Nestled 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 Lauderdale 828 NE 17th Avenue, Fort Lauderdale 832 NE 17th Avenue, Fort Lauderdale 820 NE 17th Avenue, Fort Lauderdale 1702 NE 9th Street, Fort Lauderdale The 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-10414943

Contract Information

List Price/SqFt: 451.93 Listing Date: 2023-12-28 Status: Closed Original List Price: 7500000 Sold Price: $5,750,000 Current Price: $5,750,000

General Property Description

Total # of Units: 27 Property Condition: Resale Number of Stories: 2 Waterfront: No Homeowners Assoc: None HOA/POA/COA (Monthly): 0 Private Pool: Yes Separate Elec Meters: Yes Separate Wtr Meters: Yes Type: Quad Plex Year Built: 1958 SqFt - Living: 15489 Subdivision: Progresso 2-18 D

Location, Tax & Legal

Geo Area: FTNW Country: United States State/Province: FL HOPA: No Hopa Short Sale: No Tax Year: 2022 Zoning: RMM-25 Taxes: 25170 REO: No Area: 3720 County: Broward Parcel ID: 494234060180 Street #: 828 Street Dir: NE Street Name: 17th Street Suffix: Avenue Zip Code: 33304 Legal Desc: PROGRESSO 2-18 D LOT 18 LESS S 25,19 BLK 239 Geo Lat: 26.134969 Geo Lon: -80.125477

Office/Member Info

DXORIGMLNO: F10414943 DXORIGMLSID: FLL

Status Change Info

Terms of Sale: Cash Sold Price/SqFt: 371.23 Under Contract Date: 2024-05-01 Sold Date: 2024-05-17 Sold Price: $5,750,000

Unit 1 Info

Bedrooms: 2 Full Bath: 1 Monthly Income: 1

Income & Expenses

Gross Operating Inc: 729048

Avail Info

Accounting: 1 Investment Analysis: 1

Construction

Block: 1 Concrete: 1

Lot Description

1 to < 2 Acres: 1

Private Pool Description

Child Gate: 1 Inground: 1

Cooling

Central: 1

Heating

Central: 1

Flooring

Vinyl Floor: 1

Utilities

Cable: 1 Public Sewer: 1 Public Water: 1

Roof

Comp Shingle: 1

Maintenance Fee Incl

Pool Service: 1 Sewer: 1 Trash Removal: 1 Water: 1

Terms Considered

Cash: 1 Conventional: 1

Contingencies

None: 1

Income Expenses

Annual Total Expense: 310507 Annual Net Oper Inc: 409041

Property Features

Construction: Block; Concrete Private Pool Description: Child Gate; Inground Lot Description: 1 to < 2 Acres Maintenance Fee Incl: Pool Service; Sewer; Trash Removal; Water Flooring: Vinyl Floor Cooling: Central Heating: Central Roof: Comp Shingle Terms Considered: Cash; Conventional Utilities: Cable; Public Sewer; Public Water Avail Info: Accounting; Investment Analysis Contingencies: None
Listing Office: LoKation
Last Updated: May - 17 - 2024
828 NE 17th Avenue, Fort Lauderdale, FL 33304- MLS# FX-10414943
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