Turnkey Fourplex Townhome
1031 Goldenrod Road Wellington, FL 33414
1031 Goldenrod Road, Wellington, FL, 33414
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For Sale
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Fully renovated fourplex with four 4-bedroom, 2.5-bath townhome-style units.
Property Size6,596 SF
Price / SF$310.79
Days on Market39
Property Features for 1031 Goldenrod Road
General Information
- Standard status
- Active
- Size
- 6,596 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1989
Listing agency
Regency Realty Services
(561) 452-5757
Listed by
Mohammad Shafiee · License #3159682
Source
Crexi
Added: Jun 13 Updated: Jul 21 at 5:03AM Checked: Jul 21 at 5:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Regency Realty Services
Investment Insights
Based on property information with market context.
This turnkey fourplex features four townhome-style units, each with 4 bedrooms and 2.5 bathrooms. The property has been extensively updated throughout, including impact windows, HVAC systems, water heaters, kitchens, cabinetry, flooring, bathrooms, and interior finishes.
The renovations were largely completed between 2024 and 2026. The home is positioned in a Wellington location with convenient access to shopping, dining, parks, major roadways, and local equestrian venues.
With all four units updated with major capital improvements, this is a low-maintenance, income-producing residential asset built for straightforward ownership.
The renovations were largely completed between 2024 and 2026. The home is positioned in a Wellington location with convenient access to shopping, dining, parks, major roadways, and local equestrian venues.
With all four units updated with major capital improvements, this is a low-maintenance, income-producing residential asset built for straightforward ownership.
Key Highlights
- Fully renovated fourplex built in 1989 with four 4‑bedroom, 2.5‑bath townhome‑style units
- All four units updated with impact windows, HVAC systems, water heaters, kitchens, cabinetry, flooring, and interior finishes
- Bathrooms updated across the units with refreshed interior finishes throughout
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $166.2k | $25.20 |
| − Vacancy | −$9.1k | −$1.39 |
| EGI | $157.1k | $23.81 |
| − OpEx | −$47.1k | −$7.14 |
| NOI | $110.0k | $16.67 |
6,596 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.57M
$1.37M – $1.83M
NOI $109,954 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,442 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$4.65M
$4.06M – $5.42M
NOI $325,169 @ 7.0% cap · market cap 15.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully renovated fourplex with four 4-bedroom, 2.5-bath townhome-style units.
Where is this quadplex located?
The property is located at 1031 Goldenrod Road Wellington, FL.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Fully renovated fourplex built in 1989 with four 4‑bedroom, 2.5‑bath townhome‑style units; All four units updated with impact windows, HVAC systems, water heaters, kitchens, cabinetry, flooring, and interior finishes; Bathrooms updated across the units with refreshed interior finishes throughout
