720 HARRIS TER UNIT#1-8 FORT LAUDERDALE, FL 33311 Sold

$355,000 10 bd, 8 ba, 3082 sqft

Sold

Amazing and completely legal 8 plex in 720 HARRIS TER UNIT#1-8 FORT LAUDERDALE is currently rented for $5,000, but the owner is using one of the 1 bedrooms as an office. That would rent for $1,000 a month for a gross income of $6,000, which would produce a 17.6% cap rate with no improvements. No known liens or violations. With a 20k investment in cosmetic repairs the ARV would be 425k. If a loan is taken out with 20% down at 4.75% the total return is 69.1%

Property Details

Price:
$355,000
Address:
720 HARRIS TER UNIT#1-8 FORT LAUDERDALE, FL 33311
City:
Fort Lauderdale
State:
Florida
Zip Code:
33311
Terms:
For Sale
Property Type:
Home
Square Feet:
3082
Bedrooms:
10
Bathrooms:
8
Lot Size:
10877 SQFT
Const. Type:
CBS

Call (786) 565-8726 for more details

Property Location

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