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1202 3rd Avenue
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PRICED AT ONLY: $1,220,000

Address: 1202 3rd Avenue, Fort Lauderdale, FL 33304

Description

FULLY RENOVATED INVESTMENT PROPERTY 7% Cap RateCASH ONLY / SOLD AS IS. A rare A+ location just 5 minutes to Downtown Fort Lauderdale and Wilton Manors, 10 minutes to the beach. Records indicate Duplex; operating as five rentable spaces (non conforming),2 studios, two 1b/1b, one 2b/1b producing $8,800/m gross ($105,600/y). Investment Highlights: new metal roof, full impact windows & doors, new solar panel system (offsets operating costs), new asphalt & professional landscaping, property wide water filtration system, RING cameras 24/7 security monitoring, two separate buildings connected by a breezeway with a hurricane rated roof, beautiful gated common patio between the two buildings, new appliances included, all units have in unit W/D, EV/charger, six off street parking spaces.

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  • MLS#: F10541362 ( Residential Income )
  • Street Address: 1202 3rd Avenue
  • Viewed: 22
  • Price: $1,220,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1962
  • Bldg sqft: 0
  • Days On Market: 77

Description

FULLY RENOVATED INVESTMENT PROPERTY 7% Cap RateCASH ONLY / SOLD AS IS. A rare A+ location just 5 minutes to Downtown Fort Lauderdale and Wilton Manors, 10 minutes to the beach. Records indicate Duplex; operating as five rentable spaces (non conforming),2 studios, two 1b/1b, one 2b/1b producing $8,800/m gross ($105,600/y). Investment Highlights: new metal roof, full impact windows & doors, new solar panel system (offsets operating costs), new asphalt & professional landscaping, property wide water filtration system, RING cameras 24/7 security monitoring, two separate buildings connected by a breezeway with a hurricane rated roof, beautiful gated common patio between the two buildings, new appliances included, all units have in unit W/D, EV/charger, six off street parking spaces.
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Features
Building and Construction
  • Exterior Features: Balcony
  • Fencing: Fenced
  • Flooring: Tile, Vinyl
  • Roof: Metal
Utilities
  • Cooling: Other
  • Heating: Heat Pump
  • Road Frontage Type: West of US-1
  • Sewer: Public Sewer
  • Utilities: Cable Available
Finance and Tax Information
  • Home Owners Association Fee Includes: Hot Water
  • Tax Year: 2024
Other Features
  • Legal Description: PROGRESSO 2-18 D LOT 25, 26 BLK 116
  • Parcel Number: 494234032600
  • Views: 22
  • Zoning Code: RD-15
Nearby Subdivisions
Allenwood Add   Bal Harbour 1st Add 43-9   Beach Way Heights   Beach Way Heights Unit   Birch Ocean Front Sub 19-   Central Beach Alliance   Coral Ridge   Coral Ridge 21-50 B   Dixie Park 9-19 B Lot 2 T   Doubletree By Hilton   Flagler Village   Gallery One Condo   Gateway   Gateway 25-24 B   Hilton Club Q Residences   Holiday Heights 2711 B   Lake Ridge   Lake Ridge 24-47 B   Las Olas By The Sea Ext 3   Lauder Del Mar 7-30 B   Lauder Gate Isles   Lauder Gate Isles 28-17 B   Lauder-gate   Lauderdale Gardens   Lauderdale Gardens 8-28 B   Lauderdale Park   Lauderdale Park 6-33 1/2   Los Angeles 10-54 B   Middle River   Norfolk Gardens Amd 15-38   Palma Vista Condo   Placido Place 11-43 B   Poinsettia Heights   Progresso   Progresso 2-18 D   Q Club Resort   Q Club Resort & Residence   Spring Tide Apts Co-op   Sunrise 28-42 B   Sunrise Harbour 166-41 B   Sunrise Key   Sunrise Key 45-6 B   The Hemingway At Middle R   The Park At Middle River Terra   The Terrace Condos Inc   Verena Park   Verena Park 29-9 B   Victoria Courts   Victoria Courts 9-49 B   Victoria Highlands Amd   Victoria Highlands Amd Pl   Victoria Park   Victoria Park Corr Amd   Victoria Park Re-amended  
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