Pending-APARTMENTS PORTFOLIO-22028, FT. LAUDERDALE, FL

Multi-family for Sale ‐ $6,384,135 ‐ 49,987 Sq. Ft.

Capital Commercial Real Estate Group, In

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Agent Info

NameCAPITAL COMMERCIAL
CompanyCapital Commercial Real Estate Group, In

Property Info

CIMLS #766557
LocationPending-APARTMENTS PORTFOLIO-22028
FT. LAUDERDALE FL 33312
Last UpdatedMarch 21st, 2017
TypeMulti-family
Price$6,384,135
Building Size49,987 Sq. Ft.

Contact


Property Description

Unique investment opportunity to acquire 52 rental streams of income from 27 single family homes, 3 duplexes, 2 triplexes, 2 fourplexes and one five unit building located in bustling Broward County in the famous City of Fort Lauderdale. This portfolio offering provides an opportunity to allow an investor to diversify, while gaining economy of scale in a product starved market. The portfolio is usually 100% leased. The entire portfolio generates a net operating income of $473,179. With some minor sprucing up, it is our opinion that rents could be increased by at least 9.5% which equals upside in the amount of $668,838. In view of the fact that 32 of the 52 tenantís rent is guaranteed by Section 8, collections are a breeze. FOR ADDITIONAL INFORMATION, CONTACT RANDY NORTH AT 954-483-0909.


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