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625 NE 14TH AVE Fort Lauderdale, FL 33304
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Key Details
Sold Price $800,000
Property Type Vacant Land
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision Progresso
MLS Listing ID F1323770
Sold Date 06/01/15
HOA Y/N No
Year Built 1961
Annual Tax Amount $12,442
Tax Year 2014
Property Description
Large 13,500 sf lot overlooking Holiday Park. Property currently has a fully occupied 7-plex producing $5650 per/mo ($67,800 PER YEAR))with potential for MUCH HIGHER income. Cap Rate 5.7% with potential for 6.6% There are 5-1/1's, 1 studio and 1-2/1. Prop erty can be sold for vacant land and build townhomes or kept as income property. Zone RMM-25 for multiple townhomes. No plans available. Buyer must inquire with the city for what will be approved to build. MAX DENSITY IS UNITS . BUILDING HEIGHT OF 55'
Location
State FL
County Broward County
Area Ft Ldale Ne (3240-3270;3350-3380;3440-3450;3700)
Zoning RESIDENT
Exterior
Utilities Available Cable Tv, Electric, Phone Line, Sewer, Trash Removal
Water Access N
Private Pool No
Building
Lot Description 1/4 To Less Than 1/2 Acre Lot
Sewer Municipal Sewer
Water Municipal Water
Others
Pets Allowed No
Acceptable Financing Cash Only, Conventional, FHA
Listing Terms Cash Only, Conventional, FHA
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