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1425 Ne 55th St - Fully Updated Coral Ridge Isles Duplex 2,782 SF Specialty Building Offered at $1,279,636 CAD at a 5.11% Cap Rate in Fort Lauderdale, FL 33334
INVESTMENT HIGHLIGHTS
- Turnkey Duplex In Coral Ridge Isles (Minutes To The Beach)
- New Roof & A/C Units
- Full Size Washer/Dryer
- Hurricane Impact Windows
- Large 2 Bedroom 2 Bath Units (1,391sqft +/- per unit)
- Separate Electric & Water Meters
EXECUTIVE SUMMARY
Don’t Miss Out On This Stunning Turnkey Duplex In One Of Ft Lauderdale’s Most Sought After Neighborhood, Coral Ridge Isles. The Entire Building Has Hurricane Impact Windows, New Roof & Newer A/C Units. Both Units Are Large 2 Bedroom 2 Baths With A Square Footage Of 1391+/- Per Unit, Open Split Bedrooms, Full Size Washer Dryer, Large Updated Kitchens With Stainless Steel Appliances & Private Screened Patios! Potential Gross Income Is $74,400 Annual Expenses $27,118. Expenses Include Taxes: $18,678 Landscaping $840 Insurance: $4,000 Water/Trash: $3,600. Property Is Located Minutes To The Beach Making It Perfect For A Possible Air Bnb, Owner Occupant Or Annual Income. Make An Offer Today!
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$102,924
|
$37.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$102,924
|
$37.00
|
| Taxes |
$25,839
|
$9.29
|
| Operating Expenses |
$11,676
|
$4.20
|
| Total Expenses |
$37,515
|
$13.48
|
| Net Operating Income |
$65,409
|
$23.51
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $102,924 |
| Annual Per SF | $37.00 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $102,924 |
| Annual Per SF | $37.00 |
| Taxes (CAD) | |
|---|---|
| Annual | $25,839 |
| Annual Per SF | $9.29 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $11,676 |
| Annual Per SF | $4.20 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $37,515 |
| Annual Per SF | $13.48 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $65,409 |
| Annual Per SF | $23.51 |
PROPERTY FACTS
| Price | $1,279,636 CAD | Property Subtype | Residential Income |
| Price Per SF | $459.97 CAD | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 2,782 SF |
| Cap Rate | 5.11% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1971/2022 |
| Zoning | RD-15 - RESIDENTIAL SINGLE FAMILY AND DUPLEX/MEDIUM DENSITY | ||
| Price | $1,279,636 CAD |
| Price Per SF | $459.97 CAD |
| Sale Type | Investment |
| Cap Rate | 5.11% |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Lot Size | 0.19 AC |
| Building Size | 2,782 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1971/2022 |
| Zoning | RD-15 - RESIDENTIAL SINGLE FAMILY AND DUPLEX/MEDIUM DENSITY |
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1425 Ne 55th St - Fully Updated Coral Ridge Isles Duplex
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