1150 NE 17TH Court, Fort Lauderdale, FL 33305

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List Price
$13,249,000
Days on Market
4
MLS#
B26085867
Year Built
1974
Acres
0.42
MLS Area Major
3370

Property Description

EXCEPTIONAL FORT LAUDERDALE MULTIFAMILY INVESTMENT OPPORTUNITY! Income-producing 55-unit portfolio consisting of three multifamily properties in desirable East Fort Lauderdale. ALL THREE PROPERTIES MUST BE PURCHASED TOGETHER. Offered at $13,249,000 ($240,891 per unit) with a stated 5.50% CAP RATE and average monthly rent of $1,871 per unit. Portfolio includes: 1150 NE 17th Ct (16 units, Folio #494235040010), 1151 NE 17th Ct (13 units, Folio #494235041760), and 1401 NE 17th Ct (26 units, Folio #494235420010), Fort Lauderdale, FL 33305. Conveniently located near Wilton Manors, Downtown Fort Lauderdale, shopping, dining, major roadways, and beaches. Excellent opportunity to acquire a substantial multifamily investment portfolio in a desirable rental market.

Additional Information

Taxes
$49,087
Zoning
RM-15
Utilities
Cable Available, Electricity Available, Sewer Available, Water Connected
Heating
Central
Air Conditioning
Central Air
Exterior Construction
CBSConcreteBlockStructure, Block, Frame
Roof
Flat, Shingle, Tar/Gravel, Tile

Listing courtesy of Inbal Ruiz.

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Calculator source: Real Geeks