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Key Details
Sold Price $800,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,731 sqft
Price per Sqft $292
Subdivision Pinewood Heights
MLS Listing ID A11212454
Style Fourplex
Year Built 1961
Annual Tax Amount $7,573
Tax Year 2021
Property Sub-Type Quadruplex
Property Description
Opportunity Zone newly renovated cash-flowing investment property. Four 2/1 units fully renovated with year leases. 8% Cap Rate. See accurate financials below. Featuring all new central ACs, updated electrical, impact windows (last ones currently being installed) and impact doors, replaced old cast iron piping with new PVC, installed new copper water piping, replaced wood beam rafters and structural sub-flooring for the second level. Interiors upgraded as well with new kitchens, bathrooms, etc.
Gross Annual Income: $85,200
NOI: $70,126
Monthly Rents are:
#1 $1,600
#2 $1,800
#3 $1,600
#4 $1,800
Annual Expenses:
Taxes - $7,573
Insurance - $4,741
Water and Sewer - $2,760
Brand new coin operated washer and dryers are generating an extra $300 positive cash flow per month.
Location
State FL
County Broward County
Community Pinewood Heights
Area 3423
Interior
Heating None
Cooling Central Air
Flooring Vinyl, Wood
Exterior
Exterior Feature Fence
Pool None
Community Features Laundry Facilities
Utilities Available Cable Available
Roof Type Shingle
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Structure Type Block
Others
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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Bill Crouch
Agent - Wichita Falls Team Lead | License ID: 493718
Agent - Wichita Falls Team Lead License ID: 493718