This offering is the opportunity to acquire the entire end of a city block (14,300 sf) with a total of 6 apartments, all 2 bedroom/1 bathroom. High quality interior renovations have been completed on 4 of the units with brand new hardwood kitchens, wood plank vinyl flooring, appliances, and other amenities. Renovated units are rented for $1,195 per month.
There are 2 unrenovated units that are slightly larger 2 bedroom/1 bathroom apartments rented at $750 each that are month to month and could easily be updated and bring in $1,195+ per month each.
Total annual rent with all units renovated is $86,400. Expenses are water $2,340, grass $780, real estate taxes $6,000, and Insurance $4,800 for total net rent of $72,480. The sale price is at a 7.4% CAP.
- MLS: F10279208
- Address: 1149 Nw 2nd Street, Fort Lauderdale, Fl. 33311
- Price: $975,000
- Property Type: Residential Income
- Type of Property: Fourplex
- Status: Active
- Flooring: Vinyl Floors
- Roof Description: Tar & Gravel Roof
- Year Built: 1964
- Construction Type: Concrete Block Construction
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Maintenance Fee Includes:
- Cooling Description: Ceiling Fans,Electric Cooling
- Heating Description: Electric Heat
- City: Fort Lauderdale
- Zip Code: 33311
- Sewer Description: Municipal Sewer
- Separate Meters: Yes
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View:
- Total Units: 6
- Cable Available YN: Yes
- Listing Courtesy: Beckett Realty Advisors, LLC
- Subdivision Name: Dorsey Riverbend
Listing Courtesy: Beckett Realty Advisors, LLC
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Listing Data Modified or Added to this site: April 13, 2021 at 11:11 pm
Neighborhood & Commute
