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Overview
- Updated On:
- June 28, 2024
- 1,502 ft2
Description
Excellent investment opportunity in Fort Lauderdale with this multifamily with two independent buildings. Each building has two badroom two-bedroom apartments, offering a total of four units generating $87K/year income, $67K/year NOI for a 5.6% CAP, easily upgradable to comparable units nearby for a total $112K/year income and a $92K NOI and a 7% CAP. With a total of 9,220 square feet of land and 1,502 square feet of construction per building, this property is ideal for investors looking to add value through improvements. Ask us for OM and complete investment package!!
Address: 1175 SW 16th Ave, Fort Lauderdale FL 33312
City: Fort Lauderdale
State/County: Broward County
Zip: 33312
Country: United States
Property Id: 1254207
Price: 1.198.000 $
Property Size: 1,502 ft2
Other Features
Has Cooling System
Has Heating System
Stairs
6,142.38 $
per month- Principal and Interest
- Property Tax
- HOA fee
4,644.88 $
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