2131 NE 40th Court, #1-16, Lighthouse Point, FL 33064
$5,680,000
Property Type:
Comm/Industry
Baths:
16
Status:
Active
Current Price:
$5,680,000
Last Modified:
2/02/2024
Description
Don't Miss Out On This Rare Opportunity To Own 3 Buildings With 16 Updated Units In East Lighthouse Point. East Of Us-1, Surrounded By Multimillion-Dollar Residential Properties, This Is The One You'Ve Been Waiting For. Located Minutes To Sandy Beaches And Vibrant Shopping. Building 2131 Nw 40Th Ct, Has 8 Spacious 1 Bedroom 1 Bath Units, With Central A/C, Dedicated Tenant Storage & Coin Laundry. Next Property 2160-2170 Ne 44Th St, Are Two Identical 4Plexes Next To One Another On Over An Half Acre Lot. Each 4Plex Consists Of Two 2 Bedroom 1 Baths & Four 1 Bedroom 1 Baths Also With Coin Laundry In Each Building. All Units Have Hurricane Impact Windows And Doors. The Sky Is The Limit! Income! Income! Buildings Are Perfect For Possible Air Bnb, Vacation Rentals. Tremendous Upside Potential.
More Information MLS# FX-10405517
Contract Information
Status: Active
Original List Price: 5970000
List Price: $5,680,000
Current Price: $5,680,000
Listing Date: 2023-10-23
Comm/Non-Rep: 3%
Comm/Buyer Agent: 3%
Comm/Trans Brk: 3%
General Property Description
Type: MultiFamily (5+ Units)
For Sale: Yes
For Lease: No
Property Desc: 3 Buiding Portfolio-
Year Built: 1963
Built Desc: Resale
# of Stories: 2
Total Units: 16
Baths - Total: 16
Acres: 0.71
Waterfront: No
Location, Tax & Legal
Area: 3221
Geo Area: NUS1
Country: United States
County: Broward
Parcel ID: 484317030460
Street #: 2131
Street Dir: NE
Street Name: 40th
Street Suffix: Court
Unit #: #1-16
State/Province: FL
Zip Code: 33064
Zoning: RM-25 - APARTME
Legal Desc: 16 UNITS 2131 NE 40th CT & 2160-2170 NE 44th St
Tax Year: 2022
Real Estate Taxes: 59434
Geo Lat: 26.28111
Geo Lon: -80.094144
Remarks & Misc
Directions: From US-1 & Sample Head north on US-1 N. Turn right onto NE 39th St/NE 39th Ct. Continue to follow NE 39th St. Turn left onto NE 22nd Ave. Turn left onto NE 40th Ct Destination will be on the right.
Office/Member Info
DXORIGMLNO: F10405517
DXORIGMLSID: FLL
Building Info
# of Tenants: 13
Monetary Info
Gross Oper Income: 397032
Total Expenses: 80737
Net Oper Income: 316295
Expenses
Insurance: 6883
R.E. Taxes: 59434
Utilities: 8680
Miscellaneous: 5760
Total Expenses: 80737
Property Features
Construction: Block; Concrete; Frame; Stucco
Sale Includes: Building and Land
Avail Docs: Aerial
Flooring: Tile
Cooling: Central Building; Central Individual
Heating: Central Building
Tenant Pays: Electric
Utilities: Public Water; Separate Meter
Terms Considered: Cash
Possession: Funding
Listing Office: Fidelity Real Estate Group LLC
Last Updated: February - 02 - 2024
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