605 SW 14th Terrace, Fort Lauderdale, FL 33312

$1,050,000

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List Price
$1,050,000
Status
ACTIVE UNDER CONTRACT
Days on Market
53
MLS#
A12053342
Subtype
Residential Income
Year Built
1967
Subdivision
Riverside Add Amen Plat
Neighborhood
FTSW - Ft Lauderdale SW (3470-3500;3570-3590)
MLS Area Major
3470

Property Description

INVESTMENT OPPORTUNITY! Fourplex with large 2 beds / 1 bath units. Each unit has individual electrical meter. 3 Units are rented via airbnb, 1 unit is vacant. Vacant unit has renovated bath. 1 Parking space for unit. Current rents are below market, great opportunity to improve the property with potential to increase revenue. Backyard space with potential to develop. Laundry Room with hook up for washer & dryer, install a coin laundry and generate another income. Separate electrical room. Located in Riverside Park, close to Downtown Ft Lauderdale, the marine centers on the New River, Las Olas Boulevard, and the Beaches. Easy access I-95. This well-maintained property offers an excellent investment opportunity for both seasoned investors and those looking to enter the real estate market.

Additional Information

Taxes
$14,483
Flooring
Terrazzo, Tile
Heating
Central, Electric
Air Conditioning
Central Air, Ceiling Fan(s), Electric
Exterior Construction
Block
Stories
1
Roof
Shingle
Elementary School
North Fork
Middle School
New River
High School
Stranahan

Listing courtesy of Cervera Real Estate Inc.. Contact:

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Agent: Elliot Lee | Email: elliot@elliot-lee.com