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Overview
- Updated On:
- July 4, 2024
Description
24-unit apartment building.
Attractive unit mix (Four 2 Bedrooms and 2 Bath). (Four – 2 Bedrooms and 1 Bath). (Sixteen- 1 Bedroom and 1 Bath).
Kings Pointe II Apartments. Highlights.
The building has a metal roof that was completed in 2012, and metal roofs have a lifespan of 40 to 70 years.
The building also has a 10-year recertification that was completed on 11/03/2020.
Stabilized asset boasting 100% occupancy, generates a stable income, with minimal deferred maintenance.
With an average effective rent of $1712, an investor has the opportunity to increase rental rates to be competitive within the market as units turn.Additionally new Investor can also increase income by charging back the tenants for utilities usage.
Address: 1916 SW 11th St, Fort Lauderdale FL 33312
City: Fort Lauderdale
State/County: Broward County
Zip: 33312
Country: United States
Property Id: 1010793
Price: 6.500.000 $
33,326.79 $
per month- Principal and Interest
- Property Tax
- HOA fee
25,201.79 $
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