1742 NE 7th Street, Fort Lauderdale, FL 33304 — MLS photo

Active · SingleFamilyResidence

$895,000

1742 NE 7th Street, Fort Lauderdale, FL 33304

Beds: 3
Baths: 2
Living area: 1,667 sq ft
$ / sq ft: $537/sq ft
Year built: 1950
Lot size: 6,147 sq ft
HOA fee: —
Annual tax: $16,987

About this property

This substantially remodeled corner lot home in the serene Victoria Park neighborhood of Fort Lauderdale offers a turnkey investment opportunity for long term or short term rental income. The 2 bedroom/1 bathroom main home and 1 bedroom/1 bathroom attached guest suite configuration also offers each side with its own pool and private gate entrance. A short drive from this ideal location will lead you to the heart of Las Olas Boulevard and the Fort Lauderdale Beach.

Property location

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1742 NE 7th Street, Fort Lauderdale, FL 33304

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Facts & features

Interior

Bedrooms: 3
Bathrooms: 2
Living area: 1,667 sq ft
Flooring: Tile
Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
Cooling: Central Air, Ceiling Fans
Heating: Central
Interior features: Bedroom On Main Level, First Floor Entry, Living Dining Room, Main Living Area Entry Level, Other
Furnished: Unfurnished

Exterior & Structure

Property type: SingleFamilyResidence
Year built: 1950
Stories: 1
Lot size: 6,147 sq ft
Architectural style: One Story
Roof: Barrel
Construction: Block
Exterior features: Fence, Patio
Pool: Heated, Pool

Parking

Garage spaces: 1
Covered spaces: 1
Parking features: Attached, Driveway, Garage, Paver Block, One Space, Two Or More Spaces

HOA, Community & Financials

Amenities: Pool
Pets allowed: No
Annual tax: $16,987
Subdivision: VICTORIA PARK CORR AMEN PL
County: Broward
Days on market: 168
MLS listing ID: B26015237
Listing status: Active

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Estimated monthly cash flow

-$1,265

Cap rate: 4.0%
Net yield: 4.0%
Cash-on-cash return: -6.1%
Gross yield: 7.3%
Mortgage payment: $4,243/mo
Down payment: $223,750
Loan amount: $671,250
Annual NOI: $35,738

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.