Home » Fort Lauderdale » 5423 NE 22nd Ter, Fort Lauderdale, FL 33308 | A11410574

Triplex Sold 5423 NE 22nd Ter, Fort Lauderdale, FL 33308

$850,000
closed for a price of $840,000

Property Highlights

Listing ID A11410574 Status of this Listing: Closed Sold Property Type Residential Income (Multifamily 2-4) Triplex Living Space 1,865 Sqft/173.26 m2 approx. Building Area 1,865 Sqft/173.26 m2 approx. POOL Year Built 1959 Time of this property from published date until Closing Date 101 Days

5423 NE 22nd Ter, Fort Lauderdale, FL 33308

Property Description: BACK ON THE MARKET!!! Welcome to this fantastic Fort Lauderdale opportunity! This legal duplex offers versatility and great potential. The first unit has been cleverly converted from a 2-bedroom, 2-bathroom to a one-bedroom apartment and an additional efficiency unit. The second unit is large with a gourmet style open kitchen. Perfect for maximizing rental income or accommodating extended family. Enjoy the spacious patio area with a heated pool. Situated on a tranquil street, this property is conveniently located just a short 5-minute drive from the beach. Generating an impressive annual revenue of nearly $115,000, this fully furnished property is primed for seamless continued operation as a short-term rental or just move in yourself.

Useful Info

Contingency:Pending Inspections
Original List Price:$850,000
Close Price:$840,000

Lease Details

Rent Includes:
  • Sewer
  • Trash Collection
  • Water
  • Gardener
  • Pest Control
  • Pool
  • Electricity

Land Lot (Parcel) Details

Lot Features:
  • < 1/4 Acre
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • New Construction
Levels:Two
Construction Materials:
  • Block
Flooring:
  • Tile
Stories:1
Possible Use:
  • Investment

Property Features

Waterfront:No
Swimming Pool Features:
  • Heated
  • Pool
  • In Ground
Roof:
  • Concrete
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$10,105

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2022

Terms

Documents Available:
  • Other
Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Call Agent
Buyer Possession:
  • Negotiable
Buyer Financing:
  • Conventional
Lease Considered:No

Community

Subdivision Name:CORAL RIDGE ADD
Senior Community:No

Parking

Parking Total Spaces:5
Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Cable Available

More Details

Other Information:
Tax InformationTax Reflects No Exemptions
Buyer Country of ResidenceUnknown/Withheld
Flood ZoneX
Type of AssociationNone
Style Triplex
FEMA Flood Zone DesignationsX
Subdivision Number6

Zoning and Legal

Tax Legal Description:CORAL RIDGE ADD B 41-47 B LOT 16 BLK 11
Real Estate Folio Number (Parcel Number):494213062580
Zoning Description:RD-15
Public Survey Range:49
Public Survey Section:13

Listing History

Update/EventDate/Days
Published Date:June 27, 2023 6:21 pm
On Market Date:June 27, 2023
Close Date:October 6, 2023
Price Change Date Time:June 27, 2023 6:21 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:October 10, 2023 1:53 pm
Status Last Changed:October 10, 2023 1:53 pm
Photos Last Modified:September 1, 2023 4:10 pm
Last Modified:October 10, 2023 5:53 pm
Days on the Market (updated on Last Modified*):27
Cumulative Days on the Market (updated on Last Modified**):27

Additional Information

Lot Size Range:Less Than 1/4 Acre Lot
Number of Photos:23
Location:,,Less Than 1/4 Acre Lot
Included:,,
Geographical Area:Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700)
Area:3240
Automated Valuation Display:Yes
Courtesy of:LoKation
Universal Property Id:US-12011-N-494213062580-R-N

Location

Show Property Address:Yes
Street Name:22nd Ter
Street Number:5423
Street Direction Prefix:NE
Street Address:5423 NE 22nd Ter
City : Fort Lauderdale
State : Florida
Zip Code : 33308
County : Broward County
Full Address:5423 NE 22nd Ter, Fort Lauderdale, FL 33308
Latitude:N26° 11' 38.4''
Longitude:W81° 53' 8.9''

Neighborhood

Postal City:Fort Lauderdale

Property Map