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1831 NE 56th St, Fort Lauderdale, FL 33308
$825,000
1831 NE 56th St, Fort Lauderdale, FL 33308View this property at 1831 NE 56th St, Fort Lauderdale, FL 33308
1831 NE 56th StFort LauderdaleFL33308
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Property Description
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!"
Full Property Details
Full Property Details for 1831 NE 56th St
General
- Sold For: $825,000
- Taxes: $13,252 (2023)
- Status: Closed
- Type: Multi-Family
- MLS ID: A11525023
- Added to Site: 107 day(s) ago
Rental Information
- Rent Includes: Hot Water, Sewer, Trash Collection, Water
Interior
- Flooring: Tile
Parking
- Total Spaces: 5
Location
- Area: Coral Highlands Resub Blk
- County: Broward County
- Subdivision: CORAL HIGHLANDS RESUB BLK
- Building Name: CORAL HIGHLANDS RESUB BLK
Community
- Community Name: Coral Highlands Resub Blk
- Units Assoc/Comm: 4
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), Central Air
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
Structural Information
- Architectural Style: Attached
- Structure Type: Quadruplex, Fourplex
- Detached/Attached: Detached
- Roof: Shingle
- Stories/Levels: 1
- Building Size: 2734
- Square Feet: 2,734
- Living Area: 2,734 Sq. Ft.
- Year Built: 1966
- Property Condition: New Construction
Unit Information
- Units in Complex: 4
Lot Features
- Lot Features: Less Than 1/4 Acre Lot
- Potential Use: Investment
- Zoning: RMM-25
Financial Considerations
- Price Per Sq. Ft.: $301.76
- Tax Amount: $13,252
- Tax Year: 2023
- Terms: All Cash, Conventional, Exchange, FHA
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Documents Avail.: Copy Of Lease(S)
- Legal Description: CORAL HIGHLANDS RESUB BLKS 1 & 2 46-13 B LOT 8 BLK 1
- Property ID: 494212030080
Listed and Sold by Grand State Realty
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Schools
Schools serving 1831 NE 56th St
School District:Broward County School District
Rating | Name | Grades | Distance |
---|---|---|---|
5251 Ne 14th Way, Ft Lauderdale, FL 33334 | PK-5 | 0.6 mi | |
6000 Ne 9th Ave, Oakland Park, FL 33334 | 6-8 | 0.8 mi | |
700 Ne 56th St, Oakland Park, FL 33334 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1831 NE 56th St
Date
Details
Price
Change
Source
4/15/2024
Sold
$825,000
-8.33%
MLS
2/02/2024
Listed
$900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1831 NE 56th St, Fort Lauderdale, FL 33308 (MLS# A11525023) is a Multi-Family property that was sold at $825,000 on April 15, 2024. Want to learn more about 1831 NE 56th St? Do you have questions about finding other Multi-Family real estate for sale in Fort Lauderdale? You can browse all Fort Lauderdale real estate or contact a Coldwell Banker agent to request more information.