Sold for $825,000

$825,000

1831 NE 56th St, Fort Lauderdale, FL 33308

5beds

5baths

2,734sqft

Quadruplex

Built in 1966

-- sqft lot

$968,000 Zestimate^®

$302/sqft

$2,826 Estimated rent

Home value

$968,000

$881,000 - $1.08M

$2,826/mo

Zestimate^® history

Owner options

List your home for rent

$2,826/mo

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$2,826/mo

Rent Zestimate^®

Refinance and save

$5,743/mo

Est. payment

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$5,743/mo

Est. payment

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What's special

Prime investment opportunity in a desirable Ft. Lauderdale location! This 4-unit multifamily property boasts a diverse unit mix: 2 spacious 2-bedroom apartments, 1 efficiency unit, and 1 1-bedroom unit currently occupied by the maintenance staff (with subsidized rent). Enjoy recent updates like new PVC plumbing and AC units. Plus, 5 assigned parking spaces add convenience. Surrounded by top-rated public and private schools within walking distance! With rents significantly below market rates, this property offers tremendous upside potential. Renovate and achieve potential rental income of approximately $7700/month. Don't miss out on this excellent value-add investment opportunity!"

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 5

Heating

Central, Electric

Cooling

Ceiling Fan(s), Central Air

Features

Flooring: Tile

Interior area

Total structure area: 2,734
Total interior livable area: 2,734 sqft

Property

Parking

Total spaces: 5

Features

Stories: 1

Lot

Features: Less Than 1/4 Acre Lot

Details

Parcel number: 494212030080
Zoning: RMM-25

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Materials

Concrete Block Construction
Roof: Shingle

Condition

New Construction
New construction: Yes
Year built: 1966

Utilities & green energy

Sewer: Public Sewer

Community & HOA

Community

Subdivision: Coral Highlands Resub Blk

HOA

Has HOA: No

Location

Region: Fort Lauderdale

Financial & listing details

Price per square foot: $302/sqft
Annual tax amount: $13,252
Date on market: 2/2/2024
Listing terms: All Cash,Conventional,1031 Exchange,FHA

Price history

Date	Event	Price
4/15/2024	Sold	$825,000-8.3%$302/sqft
Source: MIAMI #A11525023 Report a problem
3/15/2024	Pending sale	$900,000$329/sqft
Source: MIAMI #A11525023 Report a problem
2/3/2024	Listed for sale	$900,000$329/sqft
Source: MIAMI #A11525023 Report a problem