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    1607 NE 25th Street , 1-5

    Fort Lauderdale, FL 33305
    • $750,000
    • STATUS: Closed
    • ON SITE: 316 days
    • ID#: RX-10555527
    Sold - 02/27/2020
    $750,000
    SOLD - 02/27/2020
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,130
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1958
    County:

    School Ratings & Info

    Description

    This five unit property was extensively upgraded with high end finishes throughout. It is one of the nicest five unit properties for sale in this submarket and is turnkey. The owners have paid extreme attention to detail while renovating this from floor to ceiling. Four of the units are operated as annual rentals and one units is run as an Airbnb. Owner pays for electric for the entire building which is shown in the expenses. The rate shown fro the fifth unit is for the current Airbnb booking for January and February. We do not have future rates as the unit was previously an annual rental.

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    www.westpalmhomesearch.com/homes/98129178
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    1607 NE 25th Street , 1-5 Fort Lauderdale, FL 33305

    • Price: $799,000
    • Status: Closed
    • Updated: 16 min ago
    • ID#: RX-10555527
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,130
    SQFT
    $0
    $/SQFT
    1958
    Built
    Neighborhood:
    Manor Square
    County:
    Broward
    Area:
    Fort Lauderdale
    Property Description
    This five unit property was extensively upgraded with high end finishes throughout. It is one of the nicest five unit properties for sale in this submarket and is turnkey. The owners have paid extreme attention to detail while renovating this from floor to ceiling. Four of the units are operated as annual rentals and one units is run as an Airbnb. Owner pays for electric for the entire building which is shown in the expenses. The rate shown fro the fifth unit is for the current Airbnb booking for January and February. We do not have future rates as the unit was previously an annual rental.
    Exterior Features

    Roof Concrete Tile Waterfront YN No

    Interior Features

    Bath Toilets 5.00 Cooling Central Individual Flooring Tile Heating Central Percent Air Conditioned 100.00 Unit1 Full Baths 1 Unit1 Unit Desc 1 Bedroom Unit2 Unit Desc 1 Bedroom Unit3 Full Baths 1 Unit3 Unit Desc 2 Bedroom Unit4 Full Baths 1 Unit4 Unit Desc 1 Bedroom Unit5 Full Baths 1 Unit5 Unit Desc 2 Bedroom

    Property Features

    Available Docs None Available Info Investment AnalysisPhotos Contingents Inspection Expenses Insurance 2800.00 Expenses Maint And Repair 2500.00 Expenses Miscellaneous 3444.00 Expenses Real Estate Taxes 12197.00 Expenses Service 1020.00 Expenses Total Expenses 26761.00 Expenses Utilities 2856.00 Fire Protection Smoke Detector For Lease No For Sale Yes Lease Annual List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Monetary Info Gross Sched Income 91100.00 Monetary Info Net Oper Income 62639.00 Monetary Info Other Income 1700.00 Monetary Info Source Of Expenses Owner Monetary Info Total Expenses 24817.00 Monetary Info Vacancy Rate 4.00 Possession At Closing Sale Includes Building And Land Tax Amount Real Estate Taxes 12705.50 Tax Year 2018 Tenant Pays CableElectric Terms Considered CashConventional Type Of Building Resident. Multi-Fam. Unit1 Ann Rent 28800.00 Unit1 Rent Period Month Unit1 Units 1 Unit2 Ann Rent 13800.00 Unit2 Rent Period Month Unit2 Units 1 Unit3 Ann Rent 18600.00 Unit3 Rent Period Month Unit3 Units 1 Unit4 Ann Rent 9600.00 Unit4 Rent Period Month Unit4 Units 1 Unit5 Ann Rent 18600.00 Unit5 Rent Period Month Unit5 Units 1 Use Income Utilities CableElectricMunicipal WaterPublic Sewer

    Listing provided courtesy of Coldwell Banker Commercial Nrt. Listing information © 2020 BeachesMLS
     
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    Ryan Jennings Group at Keller Williams Realty
    12008 South Shore Blvd.
    Wellington FL, 33414