Home » Oakland Park » 2632 NW 18th Ter, Oakland Park, FL 33311 | A11685745

Fourplex (Quadruplex) Sold 2632 NW 18th Ter, Oakland Park, FL 33311

$980,000
closed for a price of $900,000

Property Highlights

Listing ID A11685745 Status of this Listing: Closed Sold Property Type Residential Income (Multifamily 2-4) Fourplex (Quadruplex) Living Space 4,011 Sqft/372.63 m2 approx. Building Area 4,011 Sqft/372.63 m2 approx. Year Built 1966 Time of this property from published date until Closing Date 78 Days

2632 NW 18th Ter, Oakland Park, FL 33311

Property Description: 8% + CAP RATE FOURPLEX! • Fully Leased: long-term tenants in place/immediate cash flow (See Financials) • Unit Layout: two 3/1 and two 3/1/1. o Partially renovated Kitchens: Including refrigerator, electric range, and W&D. o Tile or waterproof Vinyl Floors o Bathrooms: With tubs, vanities, toilets. o Freshly Painted • Utilities: Electric meters for each unit, water account for whole property. • Parking: 8 for tenants (2 each unit) and 1 for guests. Investment Benefits: • Instant Cash Flow: Start generating income at closing. • Long-Term Growth Potential • Prime Location: Strong demand for rental. • 50 Years certification: Passed! Fantastic "set-and-forget " investment that offers stable/reliable income stream, room for growth... Don 't miss out on this opportunity!

Useful Info

Contingency:Pending Inspections
Original List Price:$980,000
Close Price:$900,000
If Bank REO, Short Sale, As Is, etc.:
  • Listed As-is

Lease Details

Rent Includes:
  • Sewer
  • Water

Land Lot (Parcel) Details

Lot Features:
  • 1/4 To 1/2 Acre Lot
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural
Style:
  • Fourplex
Levels:One
Construction Materials:
  • Block
  • Brick
Flooring:
  • Tile
  • Vinyl
Stories:1

Property Features

Waterfront:No
Roof:
  • Shingle
Air Conditioning:Yes
Air Conditioning System:
  • Electric
Heating:Yes
Heating System:
  • Electric

Taxes and Expenses

Tax Annual Amount:$12,759

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:2023
Property Tax Status:Tax Reflects No Homestead Exemption

Terms

Documents Available:
  • Financials
  • Rent Rolls
  • Survey
  • Lease
Listing Terms Considered by Seller:
  • Cash
  • Conventional
  • Fha
Occupant Type:
  • Tenant
Buyer Possession:
  • Close Of Escrow
Buyer Financing:
  • Conventional
Lease Considered:No

Community

Subdivision Name:Middle River Gardens
Senior Community:No

Parking

Parking Total Spaces:9
Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Cable Not Available

More Details

Other Information:
Tax InformationTax Reflects No Homestead Exemption
Flood ZoneAE
Type of AssociationNone
StyleFourplex
FEMA Flood Zone DesignationsAE
Ref1093665345
Subdivision Number0
Buyer Country of ResidenceUnknown/Withheld

Zoning and Legal

Tax Legal Description:28-49-42 S 85 OF N 235 OF E1/2 OF E1/2 OF SE1/4 OF SW1/4 OF NW1/4 & LESS W 25 FOR ROAD R/W
Real Estate Folio Number (Parcel Number):494228000340
Zoning Description:R-1
Public Survey Range:49
Public Survey Section:28

Listing History

Update/EventDate/Days
Published Date:November 5, 2024 6:44 pm
On Market Date:November 5, 2024
Close Date:January 22, 2025
Price Change Date Time:October 31, 2024 12:33 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:January 28, 2025 11:05 am
Status Last Changed:January 28, 2025 11:05 am
Photos Last Modified:November 6, 2024 12:00 am
Last Modified:January 28, 2025 4:05 pm
Days on the Market Reference Date:January 28, 2025
Days on the Market (updated on Last Modified*):13
Cumulative Days on the Market (updated on Last Modified**):13

Additional Information

Lot Size Range:1/4 To Less Than 1/2 Acre Lot
Number of Photos:92
Location:,,1/4 To Less Than 1/2 Acre Lot
Included:,,
Geographical Area:Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
Area:3560
Automated Valuation Display:Yes
Courtesy of:Miami Global Realty Inc
Universal Property Id:US-12011-N-494228000340-R-N

Location

Show Property Address:Yes
Street Name:18th Ter
Street Number:2632
Street Direction Prefix:NW
Street Address:2632 NW 18th Ter
City : Oakland Park
State : Florida
Zip Code : 33311
County : Broward
Full Address:2632 NW 18th Ter, Oakland Park, FL 33311
Latitude:N26° 9' 35.4''
Longitude:W81° 49' 59.1''

Neighborhood

Postal City:Oakland Park

Property Map