1811 N DIXIE HIGHWAY 1-7, FORT LAUDERDALE, FL 33305

$440,000 7 bd, 7 ba, 1974 sqft

This is a prime Wilton Manors 7-unit building, in 1811 N DIXIE HIGHWAY 1-7, FORT LAUDERDALE! Walking distance from Wilton Drive and the best restaurants and bars in town! Property consists of 7 studios (no kitchens, except 1 unit), 7 bathrooms! Actual Rent roll per month is $5100, Gross Income $61,200 per year! At resale price of $430,000 the cap rate is over 10%. – Incredible for this neighborhood! Property has one water and fpl meter which current owner pays. – New owner can charge tenants. Coin laundry on site, additional income of $300 per month. Rent can be raised with the following “value-add” repairs: New kitchens, Can add privacy fences to the yards,  Over-sized laundry room could provide storage closets for extra income! Don’t disturb the tenants!

Property Details

Price:
$440,000
Address:
1811 N DIXIE HIGHWAY 1-7, FORT LAUDERDALE, FL 33305
City:
Fort Lauderdale
State:
Florida
Zip Code:
33305
Year Built:
1957
Terms:
For Sale
Property Type:
Duplex
Square Feet:
1974
Bedrooms:
7
Bathrooms:
7
Lot Size:
7214 SQFT
Const. Type:
CBS

Call (786) 565-8726 for more details

Property Location

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