$2,875,000
$3,000,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
7701 Davie Road Extension Davie, FL 33024
11,979 SqFt
Key Details
Sold Price $2,875,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,979 sqft
Price per Sqft $240
MLS Listing ID A11004815
Sold Date 11/30/22
Maintenance Fees $7,773
Construction Status Resale
HOA Y/N No
Year Built 1975
Annual Tax Amount $38,583
Tax Year 2021
Contingent No Contingencies
Lot Size 0.704 Acres
Property Sub-Type Multi Family
Property Description
Great opportunity! Mixed use building. 12 Total Units (6 Office spaces and 6 Residential apartments). Excellent condition. Vinyl wood flooring in most of the building. Plumbing and Electricity recently updated. First floor is actually rented as two separate Offices with one of them occupying 5 bays. Second floor has four 2bed/1bath, and two 2bed/2bath apartments. 100% Occupancy giving a Cap.Rate of almost 6% over Investment (see attached file). Long Term Commercial Leases and 1 year Residential Leases. Huge lot (30,670 sf) with 38 parking spaces for the front office and 16 spaces in the back for the apartments. Separated FPL meters. Please, do not contact or disturb Tenants. Showings will be scheduled after an offer is accepted. No interior visits allowed, only drive by for the moment.
Location
State FL
County Broward County
Area 3100
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Tile, Vinyl
Exterior
Total Parking Spaces 54
Private Pool Yes
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Resale
Others
Tax ID 514103090330
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash
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Bought with Premier Realty Services Corp