This exceptional income-generating gem offers a stable cash flow & immense potential for investors seeking to capitalize on a well-established rental property with substantial room for growth. The property has been meticulously maintained, three units have updated Kitchens with new appliances, AC & rented at $1750 per month (4th unit currently being updated) providing a turnkey solution for the discerning investor looking for immediate returns on their investment with ample room for rent increases in line with the local market trends. There is a Laundry Room on Premises not currently in use. Easy access to major thoroughfares, shopping, dining, parks, & more, ensuring its attractiveness to a wide range of tenants. BY Appointment only with POF, DO NOT DISTURB THE TENANTS!
Sold for $775,000 on 11/30/23
$775,000
2256-2262 NW 59th Ter, Fort Lauderdale, FL 33313
8beds
4baths
3,315sqft
Quadruplex
Built in 1974
-- sqft lot
$862,800 Zestimate®
$234/sqft
$2,612 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: December 01, 2023 at 08:07am
Listed by:
Lance Randall 954-214-8263,
Keller Williams Elite Properties
Bought with:
Angela Passmore, 3347774
Passmore Homes Realty Group LLC
Source: MIAMI,MLS#: A11440578
Originating MLS: A-Miami Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central
Cooling
- Central Air
Features
- Flooring: Tile
Interior area
- Total structure area: 3,315
- Total interior livable area: 3,315 sqft
Property
Parking
- Total spaces: 7
Features
- Stories: 1
Lot
- Features: 1/4 To Less Than 1/2 Acre Lot, Corner Lot, Oversized Lot
Details
- Parcel number: 494126110130
- Zoning: RM-22
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Concrete Block Construction, CBS Construction, Stucco
- Roof: Flat Roof With Facade Front
Condition
- Updated/Remodeled
- Year built: 1974
Utilities & green energy
- Sewer: Public Sewer
Community & neighborhood
Location
- Region: Fort Lauderdale
- Subdivision: L D C Estates
Other
Other facts
- Listing terms: All Cash,Conventional,FHA-Va Approved,Owner Will Carry
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Estimated market value
$862,800