Florida House Investments
ID# 369 – TRIPLEX Fort Lauderdale, FL 33311
Features
Lovely triplex located in the lively city of Fort Lauderdale! Two of the units are 2/1’s and the third is a 1/1 totaling 5 bedrooms and 3 bathrooms. Features include nice sized bedrooms, spacious living areas, and polished tile or hardwood throughout! There’s so much to do in this area as the property sits a short distance from popular restaurants, parks, and shops! With a quality rehab, this investment will make the perfect income producing property!
Price: $199,000 AS IS.
Important Details/Seller Notes: Property has fines and expired/open roof permit which can be resolved.
Separate meters for each unit, tenant pays water and electric.
Estimated Rent: $3,200
Important Details/Seller Notes: Property has fines and expired/open roof permit which can be resolved.
Separate meters for each unit, tenant pays water and electric.
Estimated Rent: $3,200
Unit 1 (2/1) – Currently $800, month to month, no security deposit
Unit 2 (2/1) : Currently Vacant
Unit 3 (1/1): currently vacant
ARV Minimum: $245,000.00
ARV Maximum: $250,000.00
Limited access to House, Contact Agent
ARV Maximum: $250,000.00
Limited access to House, Contact Agent
Rehab Description
Unit 1: Kitchen appliances need to be cleaned and cabinets replaced. A new vanity is needed in the bathroom. Broken window in the kitchen will need to be replaced. A water heater should be installed. A/c wall units may need maintenance. To finish up, a fresh coat of interior paint should be applied. For a flip, kitchen and bathroom should be updated.
Unit 1: Kitchen appliances need to be cleaned and cabinets replaced. A new vanity is needed in the bathroom. Broken window in the kitchen will need to be replaced. A water heater should be installed. A/c wall units may need maintenance. To finish up, a fresh coat of interior paint should be applied. For a flip, kitchen and bathroom should be updated.
Unit 2: Kitchen appliances need to be cleaned. The bathroom should be cleaned and the cabinets replaced. A/c wall units may need maintenance. To finish up, a fresh coat of interior paint should be applied. For a flip, kitchen and bathroom should be updated.
Unit 3: Kitchen appliances need to be cleaned. The bathroom should be cleaned and the cabinets replaced. Wall unit air conditioning may need minor repair. To finish up, a fresh coat of interior paint should be applied. For a flip, kitchen and bathroom should be updated.
Exterior: Areas of the fascia need to be repaired. Minor landscaping and trash out service is needed.
Rehab Amount Min. $20,000.00
Rehab Amount Max. $25,000.00
Rehab Amount Min. $20,000.00
Rehab Amount Max. $25,000.00
COMPS:
*635 NW 22nd Rd Fort Lauderdale, FL 33311: 4PLEX, 2,668 sqft ( 1-2/1, and 3-1/1’s) SOLD FOR 289K CONV (Individual investor)
*613 NW 27th Ave Fort Lauderdale, FL 33311: 4PLEX, 2,130 sqft, ( 2-2/1,s and 2-1/1’s) SOLD FOR $310K CONV (Individual Investor)
*2512 NW 9th Pl Fort Lauderdale, FL 33311: DUPLEX, 1,896 sqft ( 2/1, and 3/2), SOLD FOR $186K CASH LLC
*701 NW 21st Ter Fort Lauderdale, FL 33311: 4PLEX/8 bedroom and 2 bath boarding house. SOLD FOR $200K CASH LLC ( outdated and needs 2 bathroom installations)