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$259,000

Beds
3
Baths
2.0
sq ft
960

2175 NE 56th St Unit 107, Fort Lauderdale, FL 33308

2175 NE 56th St Unit 107

Fort Lauderdale, FL 33308

  • <1 day on market
Turnkey Investment, Fully Rented Condo, High ROI. Prime location 4 minutes from Lauderdale-by-the-Sea and walking distance of shops and restaurants. This cash-flowing property is split into two fully independent units, each with a private entrance. Unit 1 is a 2 bedroom, 1 bath. Unit 2 is a 1 bed, 1 bath. Both are currently rented to reliable, long-term tenants, generating $2,900/month. Recent upgrades include updated plumbing, impact windows and doors, new electrical panel, and a new water heater. The community features a pool, BBQ area, and laundry facilities, with a recently updated roof. No rental restrictions – perfect for long-term rental investors looking for a high-demand, high-yield property in a top location.Don’t miss this rare opportunity.

Details

Property type

Condominium

Est. home value

$267,705

Lot size

Unknown

Price per sq ft

$270

Year built

1964

Annual property taxes

$3,940

Monthly HOA fee

$650

Price History

04/06/2025
SEF

SEF #A11778333

Listed
$259,000
-4.07%
04/09/2024
SEF

SEF #A11469354

Sold
$270,000
02/20/2024
SEF

SEF #A11469354

Pending
$270,000

Schools & Community

Neighborhood: 

Imperial Point

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$176,397
Asking price
$259,000
Closing costs (~8% of asking)
-$20,720
Est. remaining loan balance
-$61,883
Cash to seller
$176,397

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Millennium Capital Mortgage

Loan start date

March 2005

Original loan amount

$117,200

Est. remaining balance

$61,883

Interest rate

5.74%

Loan type

Not Provided, 30 year

Seller

Marie Lise Beauport and Paulette Marie Mcintyre

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/07/2025 at 12:25 PM

Listing updated: 04/06/2025 at 6:06 PM

Listed by: Audrey Bosse, Resource Phone #: (954) 347-4167

MLS: SEF #A11778333

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