2131 NE 40th Court, Lighthouse Point, FL 33064
$2,000,000
Property Type:
Residential Income
Square Footage:
5,533
Status:
Active
Current Price:
$2,000,000
Last Modified:
11/07/2025
Description
WOW!!! HUGE PRICE REDUCTION!!! SELLER SAYS SELL NOW!!! CURRENT GROSS INCOME $161,208 POTENTIAL GROSS $175-200+ Fantastic Find In The Heart Of Lighthouse Point, 8 Updated Units East Of Us-1. Surrounded By Multi-Million Dollar Residential Properties. All Units Are Large Updated 1 Bed 1 Bath, With Living & Dining Rooms. Located Minutes To Sandy Beaches And Vibrant Shopping, This Is The Money Maker You've Been Waiting For, Location! Location! Location! Perfect For Air Bnb Or Vacation Rentals. All Units Have Central A/C, Hurricane Impact Windows, Doors And Updated Electric. Designated Storage For Each Tenant & Coin Laundry. Roof Is Roughly Around 13 Years. Most A/C Units Were Replaced In The Last 5-6 Years. This Property Is Turnkey And Ready To Go! Call Listing Broker For More Details.
More Information MLS# FX-10458409
Contract Information
Auction: No
List Price/SqFt: 361.47
Listing Date: 2024-09-04
Status: Active
Original List Price: 2750000
List Price: $2,000,000
Current Price: $2,000,000
General Property Description
Total # of Units: 8
Property Condition: Resale
Lot Dimensions: 9000
Number of Stories: 2
Waterfront: No
Homeowners Assoc: None
HOA/POA/COA (Monthly): 0
Directions: From US-1 & Sample Head north on US-1 N. Turn right onto NE 39th St/NE 39th Ct. Continue to follow NE 39thSt. Turn left onto NE 22nd Ave. Turn left onto NE 40th Ct Destination will be on the right.
Private Pool: No
Spa: No
Separate Elec Meters: Yes
Separate Wtr Meters: Yes
Type: Quad Plex
Year Built: 1964
SqFt - Living: 5533
Subdivision: 8 Units In Lighthouse Point
Location, Tax & Legal
Geo Area: NUS1
Country: United States
State/Province: FL
HOPA: No Hopa
Short Sale: No
Tax Year: 2022
Zoning: RM-25
Taxes: 24262
REO: No
Area: 3221
County: Broward
Parcel ID: 484317030460
Street #: 2131
Street Dir: NE
Street Name: 40th
Street Suffix: Court
Zip Code: 33064
Legal Desc: VENETIAN ISLES 2ND SEC 45-49 B LOT 13 BLK 19
Geo Lat: 26.281111
Geo Lon: -80.094146
Office/Member Info
DXORIGMLNO: F10458409
DXORIGMLSID: FLL
Unit 1 Info
Bedrooms: 1
Full Bath: 1
Furnished: No
Monthly Income: 9915
Unit 2 Info
Bedrooms: 1
Full Bath: 1
Furnished: No
Monthly Income: 3519
Income & Expenses
Gross Operating Inc: 192000
Construction
Block: 1
Concrete: 1
Stucco: 1
Lot Description
< 1/4 Acre: 1
Special Info
Sold As-Is: 1
Cooling
Ceiling Fan: 1
Central: 1
Heating
Central: 1
Utilities
Cable: 1
Public Water: 1
Roof
Barrel: 1
Maintenance Fee Incl
Common R.E. Tax: 1
Electric: 1
Hot Water: 1
Insurance-Other: 1
Lawn Care: 1
Sewer: 1
Trash Removal: 1
Water: 1
Terms Considered
Cash: 1
Conventional: 1
Possession
Funding: 1
Window Treatments
Impact Glass: 1
Taxes
No Homestead: 1
Income Expenses
Annual Total Expense: 53962
Annual Net Oper Inc: 111446
Property Features
Construction: Block; Concrete; Stucco
Lot Description: < 1/4 Acre
Maintenance Fee Incl: Common R.E. Tax; Electric; Hot Water; Insurance-Other; Lawn Care; Sewer; Trash Removal; Water
Cooling: Ceiling Fan; Central
Heating: Central
Roof: Barrel
Terms Considered: Cash; Conventional
Utilities: Cable; Public Water
Window Treatments: Impact Glass
Special Info: Sold As-Is
Taxes: No Homestead
Possession: Funding
Listing Office:
Fidelity Real Estate Group LLC
Last Updated: November - 07 - 2025
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