1037 Northeast 9th Avenue
1037 Northeast 9th Avenue
$1,250,000
—
2,848
2,848
$439
Closed 3/3/23
Description
Great opportunity to get 10+% CAP ~20% Cash on Cash year one on a 100% remodeled property. A newly remodeled five plex, with 5 1/1 Units with 2,848 SF of rentable space, in a 6,752 SF lot located by Holiday Park, one of the city's most popular public parks, with over 90 acres of land, a couple of blocks from the Bell Sunrise Gallery, the Quantum apartments, and the Beyond Searstown Development, near Galleria Mall, Downtown Fort Lauderdale, and the beaches, ideal and zoned for Airbnb, and right next...Great opportunity to get 10+% CAP ~20% Cash on Cash year one on a 100% remodeled property. A newly remodeled five plex, with 5 1/1 Units with 2,848 SF of rentable space, in a 6,752 SF lot located by Holiday Park, one of the city's most popular public parks, with over 90 acres of land, a couple of blocks from the Bell Sunrise Gallery, the Quantum apartments, and the Beyond Searstown Development, near Galleria Mall, Downtown Fort Lauderdale, and the beaches, ideal and zoned for Airbnb, and right next to the War Memorial Auditorium. With an expected short-term rental yearly income of $230K+ (see AirDNA supported data here) and an NOI of $148K+, it would provide a ~10%+ CoC rate, a levered ~20% CAP rate, and an expected 33% IRR over seven years. No A/c in the property
- Listed by Rosa Poler • Optimar International Realty
Property Details for 1037 Northeast 9th Avenue
Subdivision
PROGRESSO
StyleFourplex
WaterfrontNo
Area3990
Geographic AreaFt Ldale NE (3240-3270;3350-3380;3440-3450;3700)
AuctionNo
Num Stories1
Sq Ft Total2848
Location
LISTING UPDATED: 03/06/2023 10:51 AM
Property Details for 1037 Northeast 9th Avenue
Status | Closed |
---|---|
MLS # | A11298761 |
Days on Market | 52 |
Taxes | $10,384 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family Income / Fourplex |
Year Built | 1959 |
Lot Size | - |
County | Broward County |
Location
Building Information for 1037 Northeast 9th Avenue
Stories-Residences-Year Built1959Building Size-Lot Size-
Payment Calculator
$7,687 per month
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Property Information for 1037 Northeast 9th Avenue
Property History for 1037 Northeast 9th Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1037 Northeast 9th Avenue
This home is within Broward.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Bennett Elementary School PublicPK to 5 | ||
Sunrise Middle School Public6 to 8 | ||
Fort Lauderdale High School Public9 to 12 | ||
Sunrise High School Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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