| MLS RX-10727425

Fort Lauderdale, FL, 33311
$2,100,000
Beds
Baths
16,636 SqFt
0 Acres
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.

Property Details

Price:
$2,100,000
MLS #:
RX-10727425
Status:
Active
Address:
Type:
Residential Income
City:
Fort Lauderdale
Listed Date:
Jun 29, 2021 (86 days)
State:
FL
Square Ft (approx):
16,636
ZIP:
33311
Subdivision:
Year Built:
1956

Schools

Elementary School:
Dillard Elementary School
High School:
Dillard High School

Interior

Cooling
Central, Wall- Win A/ C
Flooring
Ceramic Tile
Heating
Electric

Exterior

Construction
Block, Brick, Concrete
Exterior Features
None
Homeowners Assoc
None
Lot Description
Paved Road
Roof
Comp Shingle
Waterfront Details
None

Financial

Taxes
$0
Utilities
Electric

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Jimmy has been helping buyers and sellers find their dream homes since 2009. With over 1,000 properties sold and hundreds of happy clients, Jimmy is the first and only realtor you should contact if you are in Palm Beach, Broward or Miami Dade county.

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