Home » Fort Lauderdale » 637 NW 15 TER, Fort Lauderdale, FL 33311 | A11514110

Multi Family Sold 637 NW 15 TER, Fort Lauderdale, FL 33311

$1,580,000
closed for a price of $1,500,000

Property Highlights

Listing ID A11514110 Status of this Listing: Closed Sold Property Type Commercial Sale Multi Family Building Area 3,388 Sqft/314.76 m2 approx. Lot area 9,000 Sqft/836.13 m2 approx. Year Built 1965 Time of this property from published date until Closing Date 113 Days

637 NW 15 TER, Fort Lauderdale, FL 33311

Property Description: ATTENTION TO ALL INVESTORS looking for a turn key multifamily with solid tenants and great returns. This property consist of 8 legal units, all units have separate FPL meters and one water meter. The property went through an intensive permitted renovation, brand new electrical system, plumbing, sprinkler system, driveway, landscaping and interior remodeling, hurricane shutters in all windows, both roof were done in 2016. Currently collecting $11,631/month with potential to increase it to $12,600 at renewal (two tenants already renewed at $1,575/month). One parking space per unit. Please do not bother tenants. Serious inquiries only!

Useful Info

Contingency:No Contingencies
Original List Price:$1,580,000
Close Price:$1,500,000

Lease Details

Lease Terms Description:1 To 3 Year Lease

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Number of Units Total:8
Construction Materials:
  • Block
Flooring:
  • Tile
  • Vinyl
Structure Type:
  • Apartment
Possible Use:
  • Investment

Property Features

Waterfront:No
Security:
  • Fenced
Air Conditioning:Yes
Air Conditioning System:
  • Wall/window Unit(s)
Heating:Yes
Heating System:
  • Wall Furnace
  • Window Unit

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Tenant
Buyer Financing:
  • Seller Financing
Lease Term:
  • 36 Months
Tenant Pays:
  • Electricity
Lease Considered:No

Community

Senior Community:No

Parking

Parking Total Spaces:8
Covered Spaces:0
Parking Features:
  • Assigned

Utilities

Number of Separate Electric Meters:8
Water Source:
  • Public

More Details

Other Information:
Buyer Country of ResidenceUSA
Buy StateFlorida

Zoning and Legal

Tax Legal Description:DORSEY PARK 19-5 B LOT 25,26 BLK 2
Real Estate Folio Number (Parcel Number):504204230240
Title to the property is held by owner as:
  • Limited Partnership

Listing History

Update/EventDate/Days
Published Date:January 13, 2024 1:47 pm
On Market Date:January 13, 2024
Close Date:May 5, 2024
Price Change Date Time:January 13, 2024 1:47 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:May 20, 2024 8:42 am
Status Last Changed:May 20, 2024 8:42 am
Photos Last Modified:January 13, 2024 7:06 pm
Last Modified:May 20, 2024 12:42 pm
Days on the Market Reference Date:May 20, 2024
Days on the Market (updated on Last Modified*):80
Cumulative Days on the Market (updated on Last Modified**):80

Additional Information

Number of Photos:34
Location:,,
Included:,,
Geographical Area:Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
Area:3460
Courtesy of:Jade International Realty LLC
Universal Property Id:US-12011-N-504204230240-R-N

Location

Show Property Address:Yes
Street Name:15 TER
Street Number:637
Street Direction Prefix:NW
Street Address:637 NW 15 TER
City : Fort Lauderdale
State : Florida
Zip Code : 33311
County : Broward County
Full Address:637 NW 15 TER, Fort Lauderdale, FL 33311
Latitude:N26° 7' 49.6''
Longitude:W81° 50' 12.9''

Neighborhood

Postal City:Fort Lauderdale

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