1621 NE 5th Ct, Fort Lauderdale - Fourplex
PROJECT SUMMARY:
Property Type: Fourplex (4 x 1/1 apartments)
Purchase Price: $433,000
Project Time: 4 months for rehab, continuing to hold
Project Description: This fourplex is located in the prime Victoria Park neighborhood of Fort Lauderdale. We bought it with the goal of holding it for the long term. This property was inherited by the landlord who had no desire to continue managing it, so we put together a deal that worked for all of us. The units are large and feature central AC and private enclosed back patios which we knew would make them desirable rentals once we added our unique touch to them and refitted them with modern finishes. We also liked the on-site laundry room. We were able to rehab and increase rents in the units within four months after closing. Not only that, but our actual rents ended up being $100/month higher for each unit than we projected.
To learn more details about this project contact us here.
Property Type: Fourplex (4 x 1/1 apartments)
Purchase Price: $433,000
Project Time: 4 months for rehab, continuing to hold
Project Description: This fourplex is located in the prime Victoria Park neighborhood of Fort Lauderdale. We bought it with the goal of holding it for the long term. This property was inherited by the landlord who had no desire to continue managing it, so we put together a deal that worked for all of us. The units are large and feature central AC and private enclosed back patios which we knew would make them desirable rentals once we added our unique touch to them and refitted them with modern finishes. We also liked the on-site laundry room. We were able to rehab and increase rents in the units within four months after closing. Not only that, but our actual rents ended up being $100/month higher for each unit than we projected.
To learn more details about this project contact us here.
Before & After Pictures:
