499 NW 42nd St, Fort Lauderdale, FL 33309
$850,000
Price
3,500
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Property Type:Quadruplex
Status:Closed
Listing ID:F10448933
Year Built:1969
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Significant price improvement. Price per unit is tough to beat In the heart of Oakland Park you will find this effeciently designed building with a big shed inside a new fence and gate. Roof is sound and redone in 2017. Plenty of parking on two sides of the building. BCPA says it is 7 units. It is 5 one bedrooms units and 1 efficiency house long term tenants. 5 are month to month and 1 lease expires in the Aug 31, 2024 and will not be renewed. Rents are below market with plent of room to raise rent. $142000 per unit. Large storage shed conveys with sale. Units 5 (one BR) and 6 (efficiency) were at one time a 2 BR 2 Bath unit and could be put back as a two bedroom with little work.
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