AvailableMultifamily Sale
Turnkey Coral Ridge Isles Duplex!
1425 NE 55th St, Fort Lauderdale, FL 33334
Offering Price$849,950
Units2
Building2,665 SF
Land8,216 SF
Cap Rate5%
Property Photos
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Property Overview
Investment Opportunity
Don’t Miss Out On This Stunning Turnkey Duplex In One Of Ft Lauderdale’s Most Sought After Neighborhood, Coral Ridge Isles. The Entire Building Has Hurricane Impact Windows, New Roof & Newer A/C Units. Both Units Are Large 2 Bedroom 2 Baths With A Square Footage Of 1391+/- Per Unit, Open Split Bedrooms, Full Size Washer Dryer, Large Updated Kitchens With Stainless Steel Appliances & Private Screened Patios! Property Is Located Minutes To The Beach Making It Perfect For A Possible Air Bnb, Owner Occupant Or Annual Income. Make An Offer Today!
Property Information
Property Details
Property Basics
Property CategoryMultifamily Sale
CountyBroward
ZoningRD-15
Units2
APN4942-11-07-3330
Building SF2,665 SF
Land SF8,216 SF
Land Acres0.19
Year Built1966
Building & Systems
Number of Buildings1
Number of Stories1
Electric Meters2
Water Meters1
LaundryNone
Roof TypeHIP OR GABLE-SHINGLE
Roof Year2022
HVACCentral
Investment Metrics
Price Per Unit$424,975
Price Per Building SF$318.93 / SF
Price Per Land SF$103.45 / SF
Property Improvements
2022Entire Building
New Roof
Both Units
New A/C
2011-2013Both Units
Impact Windows & Doors
Financial Overview
Investment Financials
Proforma Financials
Gross Income$74,400
Operating Expenses$28,090
Net Operating Income$46,310
Cap Rate5%
Unit Mix
1425
OccupiedBed/Bath2/2
Actual Rent$2,360
Proforma Rent$3,100
LeaseMTM
1427
OccupiedBed/Bath2/2
Proforma Rent$3,100
LeaseMTM
Expense Breakdown
Taxes$19,650.00
Insurance$4,000.00
Water$3,600
Landscaping$840
Total Expenses$28,090