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700 SW 81st Ave
North Lauderdale, FL 33068 Lauderdale North Park

$9,500,000 USD

Apartments For Sale  •  28,500 SF

Property Details

  • Property Type Apartments
  • Total Building Size 28,500 SF
  • Lot Size 1.74 AC
  • Building Class C
  • Year Built 1975
  • Cap Rate 5.66 %
  • Zoning RM-16, N Lauderdale
30 Transit Score
60 Walk Score

Highlights

Opportunity To Acquire Turnkey Multifamily Community With Partially Upgraded Roofs, Hurricane Impact Windows & Doors, 28 Camera Video System W/ Permit
Attractive Loan Program Available For This Property - 5.125% Interest Rate, Interest-Only For 24 Months, 1.2 DSCR, Up To 75% LTV
All New Fully Renovated Kitchens And Bathrooms With Modern Appliances And High-Quality Fixtures
Upgraded Electric Meters And Panels With GFI Outlets With Complete Replacement Of Plumbing Fixtures With All PVC Plumbing
All Work Completed with Proper Permitting - Over 100 Permits Pulled On This Property In 2022-2024
New Site Plan Approved For 10 Additional Units Plus An Office, Allowing For Future Growth Opportunities

Property Flyers

Cap Rate: 5.66 %

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Playground
  • Washer/Dryer
  • Grill
  • Walking/Biking Trails
  • Vaulted Ceiling
  • Refrigerator

Public Transportation

Commuter RailDriveWalkDistance
Cypress Creek (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 13 min - 6.8 mi
Pompano Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 20 min - 9.4 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 29 min - 17.9 mi
Miami International 54 min - 38.8 mi
Palm Beach International 58 min - 41.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 54
Type: Surface
Included in Rent: Yes
Daniel Dratch 845-304-5148 Franklin Street
Daniel Dratch 845-304-5148 Franklin Street