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3131 NW 42ND ST Lauderdale Lakes, FL 33309
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Key Details
Sold Price $325,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,404 sqft
Price per Sqft $231
Subdivision Oriole Estates Sec 8 65-9 B
MLS Listing ID T3448493
Sold Date 06/26/23
Bedrooms 3
Full Baths 2
HOA Y/N No
Originating Board Stellar MLS
Year Built 1969
Annual Tax Amount $2,046
Lot Size 7,405 Sqft
Acres 0.17
Property Description
Red hot investor special in the most desirable corner of Lauderdale Lakes! This light fixer upper pool home on a corner lot is a rare treat. The retiring landlord is quite motivated and is asking only 74% of ARV, but will entertain all offers.
Pros: Updated kitchen with modern appliances, pool pump new and everything functional, AC/WH only 3 years old. Hurricane shutters, public water but shallow well for pool/irrigation system. Quality tile and laminate flooring throughout.
Cons: 10 year old roof is leaking in living room. Needs new roof and minor water damage remediation. Random damage in garage, back patio and smaller bathroom. Last tenants did a number on the place after the owner freshly renovated it.
Investor notes:
Flip potential: $461k ARV, with $30k-60k in rehab.
LTR estimate: $2,500 /mo, with NO nearby competition. STR estimate: $67k yrly gross, at 337 /night and 55% occupancy.
Feel free to soft pitch offers to listing agent. Full 2.5% cooperation with non-MLS agents. Just reach out to listing agent below for disclosures and listing info sheet. No HOA/CDD.
Location
State FL
County Broward
Community Oriole Estates Sec 8 65-9 B
Zoning RS-3
Interior
Interior Features Ceiling Fans(s)
Heating Central
Cooling Central Air
Flooring Laminate, Tile
Fireplace false
Appliance Convection Oven, Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
Exterior
Exterior Feature Awning(s), Hurricane Shutters, Irrigation System, Lighting, Rain Gutters, Sliding Doors
Garage Spaces 1.0
Fence Fenced, Wood
Pool In Ground
Utilities Available BB/HS Internet Available, Cable Connected, Electricity Connected, Phone Available, Public, Sewer Connected, Sprinkler Well, Water Connected
Roof Type Shingle
Porch Covered, Rear Porch, Screened
Attached Garage true
Garage true
Private Pool Yes
Building
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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Bought with FLORIDA CAPITAL REALTY
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