Sold for $765,000

$765,000

499 NW 42nd Street, Fort Lauderdale, FL 33309

3beds

3baths

3,500sqft

Quadruplex, Multi Family, Multi Family

Built in 1969

-- sqft lot

$871,000 Zestimate^®

$219/sqft

$3,247 Estimated rent

Home value

$871,000

$793,000 - $958,000

$3,247/mo

Zestimate^® history

Owner options

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$3,247/mo

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$3,247/mo

Rent Zestimate^®

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$5,328/mo

Est. payment

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$5,328/mo

Est. payment

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What's special

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3

Heating

None

Cooling

Electric

Features

Flooring: Tile

Interior area

Total interior livable area: 3,500 sqft

Property

Lot

Features: 1/4 to 1/2 Acre Lot

Details

Parcel number: 494222081050
Zoning: RM-16

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex, Multi Family, Multi Family

Materials

Block
Roof: Composition,Shingle

Condition

Resale
New construction: No
Year built: 1969

Utilities & green energy

Sewer: Public Sewer
Utilities for property: Cable Available

Community & HOA

Community

Subdivision: Prospect Gardens 22-26 B

HOA

Has HOA: No
Services included: Maintenance Grounds

Location

Region: Fort Lauderdale

Financial & listing details

Price per square foot: $219/sqft
Tax assessed value: $661,620
Annual tax amount: $15,720
Date on market: 6/28/2024
Cumulative days on market: 42 days
Listing terms: Cash,Other

Price history

Date	Event	Price
9/5/2024	Sold	$765,000-10%$219/sqft
Source: BeachesMLS #F10448933 Report a problem
8/9/2024	Pending sale	$850,000$243/sqft
Source: BeachesMLS #F10448933 Report a problem
7/31/2024	Listed for sale	$850,000$243/sqft
Source: BeachesMLS #F10448933 Report a problem