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    Address Not Available By Request

    Fort Lauderdale, FL 33311
    • $1,985,000
    • STATUS: Active
    • ON SITE: 116 Days
    • ID#: RX-10727425
    Price Reduced
    UPDATED: 52 min ago
    $1,985,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,258
      SQFT
    • $273
      $/SQFT
    Neighborhood:
    -
    Type:
    Multi-Family
    Built:
    1956

    School Information

    Elementary School:
    High School:

    Description

    Great multiplex investment opportunity! 16 units. Minutes from downtown Fort Lauderdale. Potential for 8% cap! 16 units. 14 Studios. 2 1BRs. 8 Occupied - 4/$250/week, 2/$300/week, 2/$350/week. 8 Vacant. Total Gross Income $111,700/year. Operating Expenses $35K/year. NOI = $82600/year. Cap rate is 4% due to vacancies. Potential for 8% with full occupancy. Rent includes water and FPL. Roof 1 year old. 14 Parking spots. 14 units with central air. Access will be provided upon a fully executed contract with inspection period.

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    www.doyouneedahome.com/homes/118815641
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    Address Not Available By Request Fort Lauderdale, FL 33311

    • Price: $1,985,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: RX-10727425
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,258
    SQFT
    $273
    $/SQFT
    1956
    Built
    Neighborhood:
    -
    Area:
    Fort Lauderdale
    Elementary School:
    Dillard Elementary School
    High School:
    Dillard High School
    Property Description
    Great multiplex investment opportunity! 16 units. Minutes from downtown Fort Lauderdale. Potential for 8% cap! 16 units. 14 Studios. 2 1BRs. 8 Occupied - 4/$250/week, 2/$300/week, 2/$350/week. 8 Vacant. Total Gross Income $111,700/year. Operating Expenses $35K/year. NOI = $82600/year. Cap rate is 4% due to vacancies. Potential for 8% with full occupancy. Rent includes water and FPL. Roof 1 year old. 14 Parking spots. 14 units with central air. Access will be provided upon a fully executed contract with inspection period.
    Exterior Features

    Carport Spaces 0.00 Construction BlockBrickConcrete Exterior Features None Lot Description Paved Road Private Pool YN No Roof Comp Shingle Unit1 Parking Space Parking Unit2 Parking Space Parking Waterfront Description None Waterfront YN No

    Interior Features

    Cooling CentralWall-Win A/C Flooring Ceramic Tile Heating Electric Unit1 Desc Utility Unit1 Full Baths 0 Unit1 Furnished No Unit1 Sq Ft 0 Unit2 Desc Utility Unit2 Full Baths 0 Unit2 Furnished No Unit2 Sq Ft 0 Unit3 Sq Ft 0 Unit4 Sq Ft 0

    Property Features

    Annual Net Operating Income 82600.00 Annual Total Expenses 35000.00 Available Info Other Built Desc Resale Gross Operating Income 111700.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Quad Plex Possession Funding REO No Restrictions None Separate Electric Meters No Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Special Assessment No Sq Ft Total 16636.00 Subdivision Amenities None Tax Amount 11154.00 Tax Year 2020 Taxes City/County Tenant Pays Cable Terms Considered CashConventional Unit1 Monthly Income 0.00 Unit2 Monthly Income 0.00 Unit3 Monthly Income 0.00 Unit4 Monthly Income 0.00 Utilities Electric Zoning Multifamily 10+

    Listing provided courtesy of Keller Williams Realty Services. Listing information © 2021 BeachesMLS
     
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