561820 NE 17th Avenue, Fort Lauderdale, FL 33304
$5,750,000
Property Type:
Commercial Sale
Square Footage:
15,489
Status:
Closed
Current Price:
$5,750,000
List Date:
12/22/2023
Last Modified:
1/24/2026
Description
Prime Investment Opportunity in Victoria ParkOffered at $7,500,000Nestled in the heart of Victoria Park, this unique property presents an exceptional investment opportunity. For sale are a total of 27 units, seamlessly blending modern amenities with a prime location. Situated on over an acre of land, this investment includes the following adjacent properties:840 NE 17th Avenue, Fort Lauderdale828 NE 17th Avenue, Fort Lauderdale832 NE 17th Avenue, Fort Lauderdale820 NE 17th Avenue, Fort Lauderdale1702 NE 9th Street, Fort LauderdaleThe units, currently occupied by a mix of short- and long-term tenants. Notable upgrades include the replacement of windows and doors with impact glass and newer roofs.
More Information MLS# F10415067
Contract Information
Comp Sale YN: No
Listing Date: 2023-12-22
Status: Closed
Original List Price: 7500000
Sold Price: $5,750,000
Current Price: $5,750,000
Location and Legal
County Or Parish: Broward
County Parish Name: Broward
City Name: Fort Lauderdale
Postal Code: 33304
Geographic Area: FTNW - Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
Property Description: 27 units multi family
Country: United States
Street Number: 820
Street Direction Prefix: NE
Street Name: 17th
Street Suffix: Avenue
State Or Province: FL
Postal Code +4: 4499
Area: 3720
Parcel Number: 494234060170
Zoning: RMM-25
General Property Information
Number Of Buildings: 7
Number Of Units Total: 27
Price Per Unit: 277000
Lot Size Area: 10125
Stories Total: 2
Property Sub Type: Multi Family
Building Area Main: 15489
Year Built: 1972
Parking Total: 34
Lot Size Acres: 1.1
Financial Information
Tax Assessed/SOH Value: 1412460
Assessor Market Value: 1412460
Tax Annual Amount: 28931
Tax Year: 2022
Tax Legal Description: PROGRESSO 2-18 D LOT 17,18 S 25 BLK 239
Office/Member Information
DXORIGMLSID: FLL
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2024-05-17T15:41:53Z
Major Change Type: Status Change
Price Change Timestamp: 2024-04-23T02:32:52Z
Status Change Date: 2024-05-17
Under Contract Date: 2024-05-03
Close Date: 2024-05-17
Close Price: 5750000
Electric
200+ Amp Service: 1
Separate Meters: 1
Flooring
Tile: 1
Vinyl: 1
Parking Features
Common: 1
Guest: 1
Property Condition
Resale: 1
Short Sale Details
Lender Approval: Approved
Short Sale Addendum: No
Documents Available
Financial Statement: 1
Investment Analysis: 1
Fencing
Fenced: 1
Structure Type
Hotel/Motel: 1
Location of Property
City Location: 1
Near Seaport: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Building and Property Details
Improvement Height: 2 Stories
Business Type
Commercial: 1
Heating
Central Building: 1
Central Individual: 1
Sale Includes
Fixtures: 1
Furniture: 1
Land: 1
Construction Materials
Block: 1
CBS: 1
Listing Terms
Assumable: 1
Cash: 1
Conventional: 1
Roof
Composition: 1
Shingle: 1
Security Features
Fire Alarm: 1
Smoke Detector(s): 1
Water Source
Public: 1
Income and Expenses
Occupancy Percentage: 90
Gross Scheduled Income: 775429
Net Operating Income: 407718
Other Expense: 367711
Source Of Expenses
Owner Provided: 1
Cooling
Central Building: 1
Central Individual: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Contingencies
Sale of Other Property: 1
Concessions
Seller Concessions: No
Price Calculations
Current Price To SqFt: 371.23
Original List Price To Close Price: 0.76
Section Details
Parcel Number MLX: 0170
Originating Details
Originating System Key: 576200134
Originating System ID: M00000170
Property Features
Business Type: Commercial
Documents Available: Financial Statement; Investment Analysis
Electric: 200+ Amp Service; Separate Meters
Fencing: Fenced
Flooring: Tile; Vinyl
Heating: Central Building; Central Individual
Location of Property: City Location; Near Seaport
Parking Features: Common; Guest
Possession: Close Of Escrow
Property Condition: Resale
Sale Includes: Fixtures; Furniture; Land
Source Of Expenses: Owner Provided
Construction Materials: Block; CBS
Cooling: Central Building; Central Individual
Listing Terms: Assumable; Cash; Conventional
Roof: Composition; Shingle
Security Features: Fire Alarm; Smoke Detector(s)
Sewer: Public Sewer
Structure Type: Hotel/Motel
Water Source: Public
Showing Requirements: Appointment Only; Call Listing Agent
Contingencies: Sale of Other Property
Listing Office:
LoKation
Last Updated: January - 24 - 2026
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