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Archived over 5 years ago

$520,000

8+ bd 8+ ba 4200 sqft

1460 SW 24 ct , Fort Lauderdale , FL 33134

Residential Quadplex Occupied

Current Rent **

$2,400

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $1,200
  • Bedroom: 2 bd
  • Bathroom: 2 ba
  • Square Footage: 1050 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 2 Details
  • Current Rent: $1,200
  • Bedroom: 2 bd
  • Bathroom: 2 ba
  • Square Footage: 1050 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 3 Details
  • Current Rent: $0
  • Bedroom: 2 bd
  • Bathroom: 2 ba
  • Square Footage: 1050 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: No
Unit 4 Details
  • Current Rent: $0
  • Bedroom: 2 bd
  • Bathroom: 2 ba
  • Square Footage: 1050 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: No

Fourplex in Fort Lauderdale, FL

Approved Short sale property fourplex two floors .  each unit is a 2/2 with 1050 sqft liv. space. 

Top two units are currently rented bottom two need renovations to rent. Property has violations that can be settle after the two bottom units are renovated for an estimate of 10k -15k Rehab estimate is 50k  that includes adding new washer and dryers to all four units to ad value to the apartments.   property sits on a dead end street with lots of privacy and rents in that area fora 2/2 can go up to 1700.00 ,  two bottom units have space for a small backyard.  ARV after the property is stabilize is believe to be in the high 600's low 700's   

Location:

1460 SW 24 ct , Fort Lauderdale , FL 33134

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.