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Sweet Duplex very cheap N.E. Progressive



$299,900

FOR SALE

1301 - 1303 NE 3rd Ave

Fort Lauderdale, FL

  • This is a rare find, 11.1 Cap rate, in NE Fort Lauderdale, NE Duplex 3/2 each side.
  • The average duplex square footage is only 1,550 square feet while this one is over 2,300
  • This duplex is remodeled, vacant and needs minor TLC.
  • The units rent at $2000.00 - 2100.00 each side. That is $40,800.00 a year Gross.
  • The expense are taxes $2,936.00 and insurance $1,690.00. Take out $3,000.00 for maintenance and other. The net should be $33,174.00!!!
  • Collect rent right away! There is no long down time.
  • Down time can cost you, taxes, insurance, mtg. payment, 3 months vacancy, rehab money, stress and your marriage.
  • If you don't buy this, have your accountant buy it. He understands great numbers.

Documents

 
COMPS


  • Sale Comps $319K - $325.9K
  • Rental Comps $3,900 - $4,200
  • Property Type Residential
  • Location Fort Lauderdale, FL
  • Size 2320 sq. ft.
  • Bedrooms 6
  • Bathrooms 4
  • TAV 176K

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