Size Upon Req.$2,995,000
With 100ft Frontage On SE 24th St. (SR 84) & 200ft Frontage on SE 23rd St., Adjacent to the East side of the Crown Plaza Hotel & Across from Port Everglades, sits 1 Acre of Land with 2 existing bldgs.: 6,865sf 2-story building & the other is a triplex. In the midst of the FLL Airport & Port Everglades expansion with Incredible Exposure & Signage Visible from S.R.84 & U.S. 1. *See Attached Link for more information on how The expansion of FLL and Port Evergaldes adds to this a phenomenal location!!
The property totals 25 units -all 1bed' s/1bath's that have been updated, which includes replacement of shower pans, appliances, painted, re-Tiled all units, re roofed all units in 2006, New paving and recently placed on city sewer in 2010. There also exists on the site a extra/bonus building that is currently being used for maintenance storage. This could easily be converted into another large unit to Rent or the space could be converted into a neighborhood Coin operated Laundry facility (which is in high demand). This building would require $ for the interior build-out. Water & Sewer and electric are stubbed to the building. Currently 23 Units are rented for an average of $175.00 per week. (Annual Income $209,300.00) Average of Expenses are as follows which Seller will verify upon execution of a contract:: Electric - $1,350/mo. Water/Sewer - $2000/mo. Taxes - $1,566/mo. Garbage- $ 307/mo. Maintenance $ 700/mo. Manager- $ 2000/mo. Total $7,923 ($95,000 annually) Existing NOI- $143,884. The Asking price is $1300,000 which yields an 11%+
CRA ZONED RESIDENTIAL/COMERCIAL HISTORIC PROPERTY WITH 90%RENOVATIONS AND UPGRADES ON A 3/4 OF AN ACRE OF BEAUTIFULLY LANDSCAPED LOT WITH FRUIT TREES, WATER FOUNTAIN, RIVER-STONES ETC. QUIET COUNTRY TYPE RANCH HOME IN DAVIE SCHOOL DISTRICT ACROSS FROM NOVA SOUTHEASTERN UNIVERSITY, WITHIN A 15 MINUTES TO THE BEACHES AND BEAUTIFUL FORT LAUDERDALE AND MIAMI CITY LIFE. IDEAL FOR A LIVE AND WORK CITATION, RUNNING A BUSINESS: ALSO, A BRILLIANT PARCEL FOR A DEVELOPER.
Well maintained totally updated building close to I95 and city transportation. City redevelopment on roadways completed. Separate water and electric meters. Cement tiled roof. All tiled floors, new oak cabinets in the kitchen and new bathrooms. Exterior freshly painted with no structural problems. ******Do not walk the property or bother tenants******* ******No showing without accepted offer******* Complete the attached CA and send it to the LA to receive more information!!!!!!!
Actually 3 triplexes with 3 separate folios (1351, 1361). Owned by same person. Great rental income. Includes a 2 car garage perfect for storage or to rent. 100% occupancy, never vacant. Easy to rent. RX-2998995 on MLS
THIS IS A PRESALE!!!!!!! CASH ONLY!! Great Blue Chip property to keep in your portfolio forever. " Duplexes in the neighbor rarely come available! " Property has potential to split and sell each side individually " Unit 904 is rent ready and was renting as a weekly vacation rental for $800-$1,000 per week. Management company is in place. " This property is minutes to downtown Ft. Lauderdale and the beaches. " Don't regret missing this opportunity!!! " Each unit has private laundry room. " Comps: 630 SW 7th Ave Closed for 325K on 4/29/2014.......... 415 SW 16th St Closed for 329K on 3/25/2014 " Right side is Occupied, do not disturb. NOT ON MLS, 3% commission to selling agent.
Priced for FAST SALE!!!! Rare 13.1% Cap Return for your Investment. Recently renovated Duplex (Granite counter Top in Kitchen), with Very large units, consisting of 3 bedrooms 1 & ½ baths with full size washer and dryer Hook up on HUGE lot with nice backyards. ****DO NOT DISTURB TENANTS******
Restored 1939 Art Deco era apartment building just south of downtown Fort Lauderdale and the New River. Currently configured as 4 1/1's and 4 studio apartment units. All leases are month to month. All units feature original hardwood floors and are clean and well kept. Property is zoned RAC-RPO which allows both residential and office uses. Can be converted very easily to professional offices with living space above or full out as office space.Property is located in heart of East Fort Lauderdale, just east of Andrews Avenue and north of Davie Boulevard. Downtown Fort Lauderdale and new Judicial Complex is 3 blocks North and Broward General Medical Center is 6 blocks South.Area is undergoing massive redevelopment with new high rise apartment buildings, condos as well as bars and restaurants in new SoLa District ( South of Las Olas)
MUST BE SOLD WITH 8 OTHER BUILDINGS. ALL TENANTS HAVE BEEN HERE OVER 1 YEAR AND PAY MO-MO. OWNER IS CONTRACTOR AND PROPERTY MANAGER. HE WILL CONTINUE TO STAY ON IF DESIRED.
Bulk listing ,Fantastic Investment opportunity . Cash Flow on 163 units in the heart of Sunrise Fl. and take advantage of an appreciating market . Includes 1,2.and 3 bedroom units . Property is surrounded by a public golf course. View HD VIDEO by clicking video link above. Please call or text Julio Cardoso directly at 305-331-1152.