Exceptional investment opportunity in East Fort Lauderdale! This beautifully renovated triplex offers worry-free ownership with income-producing potential in a prime location. Each unit features brand-new vinyl floors, modern kitchen cabinets, granite countertops, and new appliances. Impact windows provide added security, and tenants enjoy the convenience of an on-site coin-operated laundry room. The property boasts ample parking, lush landscaping, and great tenants. Located just minutes from downtown, Galleria Mall, Wilton Drive, and the beach, this triplex offers excellent value with a strong cap rate!
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$4,509
Per Month
Principal & Interest
$4,442
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,735
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
North Side Elementary School
120 NE 11th St
Distance between this listing and this school0.33 miles
Public District Grades PK-5
5
/10
Thurgood Marshall Elementary School
800 NW 13th St
Distance between this listing and this school0.94 miles
Public Magnet Grades PK-5
5
/10
Bennett Elementary School
1755 NE 14th St
Distance between this listing and this school0.97 miles
Public District Grades KG-5
Nearby Schools
4
/10
Sunrise Middle School
1750 NE 14th St
Distance between this listing and this school0.95 miles
Public Magnet Grades 6-8
7
/10
Somerset Academy Village Charter Middle School
225 NW 29th St
Distance between this listing and this school1.78 miles
Public Charter Grades 6-8
3
/10
William Dandy Middle School
2400 NW 26th St
Distance between this listing and this school2.64 miles
Public Magnet Grades 6-8
Nearby Schools
7
/10
Fort Lauderdale High School
1600 NE 4th Ave
Distance between this listing and this school0.67 miles
Public Magnet Grades 9-12
1
/10
Sunrise High School
424 W Sunrise Blvd
Distance between this listing and this school0.71 miles
Public Charter Grades 9-12
2
/10
Pace Center for Girls Inc.
2225 N Andrews Ave
Distance between this listing and this school1.33 miles
The neighbors living near this home have an average income of $26,446. Residents of Fort Lauderdale, FL typically earn less than $35k each year. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
This home is located at 1109 NE 6th Ave in Fort Lauderdale, FL and zip code 33304 in the Middle River Terrace neighborhood. This 2,492 square foot home was built in 1973. It has been listed on Rocket Homes since October 10, 2024 and is currently priced at $890,000.
In October 2024 more than 12 listings in Fort Lauderdale, FL were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 72 were sold below. Between September 2024 and October 2024, Fort Lauderdale, FL real estate market has seen increase in the number of listings by 13.2%. The median list price of listings available in October 2024 was $484,475, while the average time on the real estate market was 75 days.
From Rocket Homes Real Estate and based on county public records data.