$1,175,000. 25 Tenanted Apartments, FORT LAUDERDALE, Florida. 11.66% CAP RATE

  • Price: 1175000.00 $
  • Bedrooms: 25
  • Bathrooms: 25

Ref: OP2

GOI $210,000, Expenses $73,00.00 & NOI $137,000.

25 Apartments in 6 buildings on one lot, 1 story complex, built in 1954, lot size 24,000.

Cap rate 11.66%.

Selling at 56.00 a foot, cheapest multiunit on the Market!

Great location- southeast corner of Davie Blvd and 441.

Performing asset and occupancy is always 90-100%.

Comps average $89.00 per sqft- SUBJECT $56.00 A FOOT! (Comps .6 miles from Subject 2013-2014) had to go back in time due to lack of recent comps in area.

Title ready to close free and clear!

Rent rolls, leases, photos of interior, to be provided.

Initial deposit 5.0%

Soon as you Close you immediately collect rent!

Licensed and insured, all up to date.

Please note: This opportunity is subject to an agency fee of 2% payable to Best USA Property Investments.

Please complete the Enquiry Form for full details.

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