AvailableMultifamily Sale

Turnkey Coral Ridge Isles Duplex!

1425 NE 55th St, Fort Lauderdale, FL 33334

Offering Price$849,950
Units2
Living SF2,665 SF
Building2,665 SF
Land8,216 SF
Cap Rate5%
Turnkey Coral Ridge Isles Duplex! listed by Fidelity Real Estate Group
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
Units2
Year Built1966
CountyBroward
ZoningRD-15
APN4942-11-07-3330
Living SF2,665 SF
Building SF2,665 SF
Land SF8,216 SF
Land Acres0.19

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
Occupied
Bed/Bath2/2
Actual Rent$2,360
Proforma Rent$3,100
LeaseMTM
1427
Occupied
Bed/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

Income and expense information is believed to be accurate but is not guaranteed. All figures should be independently verified by the buyer and/or buyer's representatives as part of their due diligence.

Property Photos

Photo Gallery

43 Photos