2131 NE 40th Ct Lighthouse Point, FL 33064
Estimated payment $12,470/month
Highlights
- No HOA
- Central Heating and Cooling System
- Laundry Facilities
- Tile Flooring
- Ceiling Fan
About This Home
WOW!!! HUGE PRICE REDUCTION!!! SELLER SAYS SELL NOW!!! CURRENT GROSS INCOME $161,208 POTENTIAL GROSS $175-200+ Fantastic Find In The Heart Of Lighthouse Point, 8 Updated Units East Of Us-1. Surrounded By Multi-Million Dollar Residential Properties. All Units Are Large Updated 1 Bed 1 Bath, With Living & Dining Rooms. Located Minutes To Sandy Beaches And Vibrant Shopping, This Is The Money Maker You've Been Waiting For, Location! Location! Location! Perfect For Air Bnb Or Vacation Rentals. All Units Have Central A/C, Hurricane Impact Windows, Doors And Updated Electric. Designated Storage For Each Tenant & Coin Laundry. Roof Is Roughly Around 13 Years. Most A/C Units Were Replaced In The Last 5-6 Years. This Property Is Turnkey And Ready To Go! Call Listing Broker For More Details.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $24,262
Year Built
- Built in 1964
Home Design
- Quadruplex
- Barrel Roof Shape
Interior Spaces
- 5,533 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Tile Flooring
Utilities
- Central Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 484317030460
Community Details
Overview
- No Home Owners Association
- Association fees include hot water, ground maintenance, sewer, trash, water
- 2 Units
- 8 Units In Lighthouse Point Subdivision
Amenities
- Laundry Facilities
Building Details
- Operating Expense $53,962
- Net Operating Income $111,446
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $40,743 | $1,829,170 | $108,000 | $1,721,170 |
| 2024 | $28,263 | $1,811,170 | $90,000 | $1,721,170 |
| 2023 | $28,263 | $1,131,070 | $90,000 | $1,041,070 |
| 2022 | $25,273 | $1,089,850 | $90,000 | $999,850 |
| 2021 | $24,202 | $1,029,750 | $0 | $0 |
| 2020 | $22,151 | $969,540 | $90,000 | $879,540 |
| 2019 | $20,372 | $851,040 | $90,000 | $761,040 |
| 2018 | $18,876 | $861,290 | $90,000 | $771,290 |
| 2017 | $16,885 | $705,740 | $0 | $0 |
| 2016 | $15,579 | $641,590 | $0 | $0 |
| 2015 | $12,087 | $583,270 | $0 | $0 |
| 2014 | $11,161 | $530,250 | $0 | $0 |
| 2013 | -- | $492,800 | $90,000 | $402,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/06/2025 11/06/25 | Price Changed | $2,000,000 | -20.0% | $361 / Sq Ft |
| 08/08/2025 08/08/25 | Price Changed | $2,499,000 | -5.5% | $452 / Sq Ft |
| 03/03/2025 03/03/25 | Price Changed | $2,645,000 | -3.8% | $478 / Sq Ft |
| 10/21/2024 10/21/24 | Price Changed | $2,750,000 | +115.9% | $497 / Sq Ft |
| 10/21/2024 10/21/24 | Price Changed | $1,274,000 | -53.7% | $230 / Sq Ft |
| 09/04/2024 09/04/24 | For Sale | $2,750,000 | 0.0% | $497 / Sq Ft |
| 05/24/2013 05/24/13 | For Rent | $935 | +2.2% | -- |
| 05/24/2013 05/24/13 | Rented | $915 | +1.7% | -- |
| 11/16/2012 11/16/12 | For Rent | $900 | +2.9% | -- |
| 11/16/2012 11/16/12 | Rented | $875 | -- | -- |
Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: F10458409
APN: 48-43-17-03-0460
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