NOT LISTED FOR SALE

1133-1137 NE 17th Ave Fort Lauderdale, FL 33304

Lake Ridge Neighborhood
1 Bed
1 Bath
5,904 Sq Ft
1957 Built

Last Sold April 12, 2024

Last sale price $1,950,000 $330 Per Sq Ft

286 Days on Market

Highlights

  • Room in yard for a pool
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Fort Lauderdale High School Rated A
  • High Impact Windows
  • Patio

About This Home

As of April 2024

Multifamily building with 7 units is ideally located in one of Ft Lauderdale’s premier rental areas just 10 minutes from the beach! This well-maintained property offers an excellent investment opportunity for both seasoned investors and those looking to enter the real estate market. Completed renovated, fully furnished and equipped apartments with impact windows and doors. All the units are rented, currently operating annually with long term tenants with lease, but they could quick upside potential and be operated as a short-term rental. The building has two studio apartment, four 1-bed apartment and one 2-beds apartment, and a common outdoor living space to enjoy. Parking spaces assigned. Offered at a 9.8% cap rate. Please do not disturb the tenants.

Last Agent to Sell the Property

Lindsay Garcia De Cardona

Redfin Corporation License #3375506 Listed on: 06/30/2023

Redfin Corporation

Last Buyer's Agent

Eric Grabois

Envision Realty Group License #3158895

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,777

Year Built

  • Built in 1957

Parking

  • 10 Parking Spaces

Home Design

  • Quadruplex
  • Substantially Remodeled
  • Shingle Roof

Interior Spaces

  • 5,904 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Vinyl Flooring

Home Security

  • High Impact Windows
  • High Impact Door

Outdoor Features

  • Room in yard for a pool
  • Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $147,600
  • Rent includes electricity, sewer, trash collection, water
  • Assessor Parcel Number 494234043780

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Progresso Condos
  • Progresso Subdivision

Building Details

  • Operating Expense $58,560
  • Net Operating Income $89,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,777

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1957
  • Property Sub Type: Quadruplex
  • Architectural Style: Attached
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: PROGRESSO
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Door Features: High Impact Doors
  • Flooring: Vinyl
  • Living Area: 5904
  • Possible Use: Investment
  • Stories: 1
  • Window Features: Clear Impact Glass, Complete Impact Glass, Blinds, High Impact Windows, Impact Glass

Exterior Features

  • Roof: Shingle
  • Exterior Features: Fruit Trees, Room For Pool
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Property Condition: Substantially Remodeled
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: PROGRESSO
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 494234043780
  • Zoning: RC-15
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Electricity, Sewer, Trash Collection, Water

Multi Family

  • Net Operating Income: 89040
  • Number Of Units In Community: 4
  • Number Of Units Total: 7
  • Annual Operating Expense: 58560
  • Total Actual Rent: 147600

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 18777

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2024 04/12/24 Sold $1,950,000 -13.3% $330 / Sq Ft
12/14/2023 12/14/23 Price Changed $2,250,000 +7.1% $381 / Sq Ft
07/01/2023 07/01/23 For Sale $2,100,000 0.0% $356 / Sq Ft
07/01/2023 07/01/23 Off Market $2,100,000 -- --
06/30/2023 06/30/23 For Sale $2,100,000 0.0% $356 / Sq Ft
06/17/2020 06/17/20 Rented $1,450 +7.4% --
05/18/2020 05/18/20 Under Contract -- -- --
03/24/2020 03/24/20 For Rent $1,350 -- --
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2024

    Lindsay Garcia De Cardona

    Redfin Corporation

    Section Image

  • E

    Buyer's Agent in 2024

    Eric Grabois

    Envision Realty Group

    1 in this area

    13 Total Sales

    Section Image
  • Niki Falck

    Seller's Agent in 2020

    Niki Falck

    The Keyes Company

    (954) 467-0105

    2 in this area

    28 Total Sales

    Section Image
  • Lauren Coloney

    Seller Co-Listing Agent in 2020

    Lauren Coloney

    The Keyes Company

    (954) 467-0105

    4 in this area

    27 Total Sales

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11402537

MIAMI REALTORS® MLS

Florida Broward County Fort Lauderdale 33304 Lake Ridge

1133-1137 NE 17th Ave, Fort Lauderdale, FL

This home is located at 1133-1137 NE 17th Ave, Fort Lauderdale, FL 33304 since 30 June 2023. This property was built in 1957. 1133-1137 NE 17th Ave is a home located in Broward County with nearby schools including Bennett Elementary School, Sunrise Middle School, and Fort Lauderdale High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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