1044 Northeast 18th Avenue

Fort Lauderdale, FL 33304

$5,575,000
Last Sold Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Galleria Lofts is a condo complex of 48 units total in 4 different buildings. This offering includes 1 building at 1044 NE 18 Ave. totaling 9 luxury condos with 8 garages & 9 assigned parking spaces in a gated setting, all residences are currently rented. The building is located North of US1 and is only less than 1/2 mile from the Galleria Mall. The surrounding area consists of multimillion-dollar homes, townhomes, condominiums with numerous shopping, dining, & entertainment attractions in close...Galleria Lofts is a condo complex of 48 units total in 4 different buildings. This offering includes 1 building at 1044 NE 18 Ave. totaling 9 luxury condos with 8 garages & 9 assigned parking spaces in a gated setting, all residences are currently rented. The building is located North of US1 and is only less than 1/2 mile from the Galleria Mall. The surrounding area consists of multimillion-dollar homes, townhomes, condominiums with numerous shopping, dining, & entertainment attractions in close proximity. The unit mix consists of upgraded 2-bedroom+Den (easy convertible to 3-bedroom) with different square footage. This building offers flexibility for a new investor to take over & continue to manage with conventional leases. Amazing opportunity!

Listing Agent

Property Details for 1044 Northeast 18th Avenue

Subdivision Name
Galleria Lofts
Style
Fourplex
Waterfront
Yes
Waterfront Description
Lagoon Front
Waterfront Footage
Lagoon Front

Location

Sold By Vera Realty LLC

Add your commute
LISTING UPDATED: 04/27/2022 03:31 PM

Property Details for 1044 Northeast 18th Avenue

StatusClosed Sale
MLS #F10302020
Days on Market160
Taxes$85,400 / year
HOA Fees$78,327 / month
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built2016
Lot Size-
CountyBroward County

Building

Galleria Lofts

4 StoriesBuilt in 2016

Location

Sold By Vera Realty LLC

Add your commute

Building Information for 1044 Northeast 18th Avenue

Stories4Residences-Year Built2016Building Size-Lot Size-

Payment Calculator

$115,869 per month

30 year fixed, 7.25% Interest

Principal and Interest

$30,425

Property Taxes

$7,117

HOA Dues

$78,327

The Payment Calculator is for illustrative purposes only.

Property Information for 1044 Northeast 18th Avenue

General Information
General Information
  • Information Available: Deposit Held, Deposit - Last Months Rent, Deposit - Security, Investment Analysis, Copy Of Lease(S), Rent Rolls
  • Street Number Numeric: 1044
  • Street Number: 1044
  • Street Direction Prefix: NE
  • Street Name: 18
  • County Or Parish: Broward County
  • Postal Code: 33304
  • City and Location Text: Fort Lauderdale
  • Pets On Premises YN: Yes
  • City Postal ID: 33304
Maintenance / Tax Information
  • Tax Amount: $85,400
  • Tax Information: Tax Reflects No Homestead Tax
  • Tax Year: 2019
Building Information
  • Property Type: Residential Income
  • Property Type Information: Attached, Elevator
  • Subdivision Complex Bldg: Galleria Lofts
  • Total Units: 9
  • Type of Property: Fourplex
  • Year Built Numeric: 2018
  • Year Built Description: New Construction
  • MLS Area: 3380
Virtual Tour / Features / Utilities
Virtual Tour
Interior
  • Floor Description: Carpeted Floors, Tile Floors
  • Spa: No
  • Flooring: Carpeted Floors, Tile Floors
Exterior
  • Construction Type: Cbs Construction
  • Pool: Yes
  • Pool Description: Above Ground Pool, Auto Pool Clean
  • Roof Description: Flat Roof With Facade Front
  • Sprinkler Description: Auto Sprinkler
  • Construction: Cbs Construction
  • Roof: Flat Roof With Facade Front
Waterfront
  • Water Access: None
  • Waterfront Frontage: 0
  • Water Description: Municipal Water
Utilities
  • Cooling Description: Electric Cooling
  • Heating Description: Central Heat, Electric Heat
  • Cable Available: Yes
  • Separate Meter: Yes
  • Sewer Description: Municipal Sewer
Property / Lot Information
Building Information
  • Unit Count: 4
  • Type of Association: Condo
  • Zoning Information: RM-25
  • Num Parking Spaces: 17
  • Num Stories: 4
Community Information
  • Association Fee: $78,327
  • Assoc Fee Paid Per: Monthly
  • Development Name Free Text: Galleria Lofts
  • Gated Community YN: No
Location Information
  • Area: 3380
  • Directions: Close to everything you love about Fort Lauderdale
  • Geographic Area: Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700)
  • Parcel Number Free Text: 494235CD0180
  • State: FL
Lot Information
  • Lot Description: 1/2 To Less Than 3/4 Acre Lot
Multi Family Information
Expense Information
  • Exp Incl Electric: Yes
  • Exp Incl Extermination: Yes
  • Exp Incl Insurance: Yes
  • Exp Incl Janitor: Yes
  • Exp Incl Lawn Maintenance: Yes
  • Exp Incl Management: Yes
  • Exp Incl Pool Service: Yes
  • Exp Incl Retax: Yes
  • Exp Incl Trash: Yes
  • Exp Incl Water Sewer: Yes
  • Total Expenses: $215,472
Income Information
  • Gross Rent Income: $391,200
  • Net Operating Income: $175,727
Rent Information
Rent Information
  • Rent Includes: Cable Tv, Pool Maintenance, Sewer, Trash Removal, Water

Property History for 1044 Northeast 18th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1044 Northeast 18th Avenue

This home is within Broward.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Bennett Elementary School
PublicPK to 5

Sunrise Middle School
Public6 to 8

Fort Lauderdale High School
Public9 to 12

Virginia Shuman Young Elementary School
PublicPK to 5

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.