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21 UNITS in Fort Lauderdale FL Assigned

  • $3,379,000
  • 29 beds
  • 21 baths
Assigned

21 UNITS in Fort Lauderdale FL

Portfolio of 21 apartments. 8 plex – 6 plex – Triplex 2 Duplex – (8) 2-bedroom units, and (13) 1-bedroom units, located near Downtown Fort Lauderdale in close proximity to Flagler Village and within the Northwest Opportunity Zone. Average in-place rents of $1,012 per month which could easily be brought to $1,150 per month and increase the cap rate that is around 6% right now.. All Tenants pay their own electric. 529 Sf Average Per Unit 17 of the units have been completely renovated inside. The tenants have been 100% rent paying throughout Covid and deposit the rent directly through CashApp, Venmo, or in the owner’s bank account each month making for easy collections. 42% of the tenants have been in place for 2+ years. Current Actual Yearly Rent Totals = $255,060 Many units will be due a 5% rent increase this year. Cash purchase and quick close preferred but will entertain conventional financed purchase at asking price.

Available on 04.03.2021

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DISCLAIMER: Florida Investor Deals does not own these properties nor does Florida Investor Deals hold itself out to represent the owners of these properties. These are not Florida investor deals listings. Values are strictly an opinion. Consult an appraiser for true values. Florida investor deals disclaims all liability for the actions or inactions taken or not taken as a result of communications from or to its officers, directors, and members. Florida investor deals does not hold direct contract with the owner of this property

The sale of these properties may be contingent upon a successful close by the Buyer under Contract with the Current Owner. Seller may not be the owner of record of the property at the applicable court jurisdiction; however, the Seller holds equitable interest in the property along with the owner of record and such interest is documented through an executed Purchase and Sale Agreement

Price:
$3,379,000
Address:
21 UNITS in
Fort Lauderdale , Florida
Bedrooms:
29
Bathrooms:
21
Terms:
Assignment of Contract
Property Type:
Multi-family

Additional Features

21 UNITS in Fort Lauderdale FL Portfolio of 21 apartments. 8 plex - 6 plex - Triplex 2 Duplex - (8) 2-bedroom units, and (13) 1-bedroom units, located near Downtown Fort Lauderdale in close proximity to Flagler Village and within the Northwest Opportunity Zone. Average in-place rents of $1,012 per month which could easily be brought to $1,150 per month and increase the cap rate that is around 6% right now.. All Tenants pay their own electric. 529 Sf Average Per Unit 17 of the units have been completely renovated inside. The tenants have been 100% rent paying throughout Covid and deposit the rent directly through CashApp, Venmo, or in the owner's bank account each month making for easy collections. 42% of the tenants have been in place for 2+ years. Current Actual Yearly Rent Totals = $255,060 Many units will be due a 5% rent increase this year. Cash purchase and quick close preferred but will entertain conventional financed purchase at asking price.

Call (954) 280-5883 for more details

Property Location