Nearby Sales at $630K+: Fort Lauderdale Multi-Income Home for $429,000

$429,000

Beds

Baths

1,763

Sq ft

1965

Year built

$21K spread

About this property

Four-bedroom, three-bath single-family home built in 1954 with 1,320 square feet on a 12,174-square-foot lot. Zoned RD-15 with no HOA. Purchase price is $429,000 with an estimated ARV of $450,000. Property currently operates as three units (2/1, 1/2, and studio with outdoor kitchenette) sharing a patio. Estimated long-term rental income is $3,516 per month; estimated short-term rental income is $8,458 per month. Closed comps range from $630,000 to $640,000.

Property snapshot

Layout4 Bed / 2 Bath

Living area1,763 sq ft

Year built1965

Property typeLand

CountyBroward County

Deal details

Asking price$429,000

ARV estimate$450,000

Spread (ARV − asking)$21,000

Brought to you by

Ms. Meriam Aberri

Miami Off-Market Deals

+1 (305) 762-9521 office.royal.investments@gmail.com1 Alhambra Plaza, Penthouse Floor, Coral Gables, FL 33134

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The numbers

Asking

$429K

ARV est.

$450K

Spread

$21K

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