Pending-APARTMENTS PORTFOLIO-22028
FT. LAUDERDALE, FL
Multi-family for Sale - $6,384,135 - 49,987 Sq. Ft.
Property Info
CIMLS# | 766557 |
Location Pending-APARTMENTS PORTFOLIO-22028 FT. LAUDERDALE FL 33312 | |
Updated | March 27th, 2018 |
Type | Multi-family |
Price | $6,384,135 |
Building | 49,987 Sq. Ft. |
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 tenant