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Key Details
Sold Price $255,000
Property Type Condo
Sub Type Condo
Listing Status Sold
Purchase Type For Sale
Square Footage 1,133 sqft
Price per Sqft $225
Subdivision River Terrace Condo
MLS Listing ID F10425725
Style Condo 5+ Stories
Bedrooms 2
Full Baths 2
HOA Fees $763/qua
Year Built 1972
Annual Tax Amount $4,976
Tax Year 2023
Property Sub-Type Condo
Property Description
CASH BUYER'S ONLY - Unique opportunity for flippers, investors or someone looking for a second home in Fort Lauderdale. Currently the building is undergoing the 50 yrs certification. Seller paid All special assessments in full, including an additional amount for contingencies. The unit is currently rented until 04/30/25 for $1,800.00 a month, which will easily cover the first year of the two-year waiting period for rent. The last remodeled unit sold was $400,000 giving ample ARV value for remodeling. Once the building's upgrades are done prices will increase substantially. BOATERS - if you own a small boat, you can use the community dock. Please check the fixed bridges for clearance, as only small boats may go through. You can also do paddling or kayaking from the community's dock.
Location
State FL
County Broward County
Area Ft Ldale Ne (3240-3270;3350-3380;3440-3450;3700)
Building/Complex Name RIVER TERRACE CONDO
Interior
Heating Central Heat, Electric Heat
Cooling Central Cooling, Electric Cooling
Flooring Carpeted Floors, Other Floors, Tile Floors
Equipment Dishwasher, Disposal, Elevator, Microwave, Refrigerator, Smoke Detector
Exterior
Exterior Feature Fence, Screened Balcony
Community Features Gated Community
Amenities Available Boat Dock, Clubhouse-Clubroom, Common Laundry, Other Amenities
Waterfront Description River Front
Water Access Y
Building
Foundation Concrete Block Construction
Schools
Elementary Schools Wilton Manors
Middle Schools Sunrise
High Schools Fort Lauderdale
Others
Acceptable Financing Cash, Owner Financing
Listing Terms Cash, Owner Financing
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