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NYFloridaRealty

Browse residential and commercial properties

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1-212-671-2347

NYFloridaRealty

Browse residential and commercial properties

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6 Unit Apartment Building Offered at $795,000 at a 6.4% Cap Rate in Fort Lauderdale, FL

6 Unit Apartment Building Offered at $795,000 at a 6.4% Cap Rate in Fort Lauderdale, FL

6 Unit Apartment Building Offered at $795,000 at a 6.4% Cap Rate in Fort Lauderdale, FL

  • Home
  • Florida
  • Fort Lauderdale

For Sale

$795,000

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6 Unit Apartment Building Offered at $795,000 at a 6.4% Cap Rate in Fort Lauderdale, FL

Property ID :

 RH-5029-property

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Bedrooms
4
Bathrooms
6
Garage
2
Area
4283 SF
Year Built
1958
Lot Size
0.28 AC

Description

Steady, stable financial history. Excellent cape rate of 6.4 %. A lot of upward potential. NOI: $50,860
6 – Unit Apartment building 4 one bedrooms, 2 efficiencies. In excellent conditions, exterior is freshly painted, the parking area is recently redone. All units are fully rented. Approximate sizes : 1 bedrooms are 750 SF each. Efficiencies are 400 SF each.
Large cornet lot. 1 block from Broward Boulevard, 2 blocks from 441. Located in a great neighborhood.

Additional Details

  • Building Class: C
  • Price Per Unit: $132,500
  • Sale Type: Investment
  • Cap Rate: 6.40%
  • Sale Conditions: Build to Suit
  • No. Units: 6
  • Property Type: Multifamily
  • Property Subtype: Apartment
  • Apartment Style: Low Rise

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Licensed Broker Peter Bedros Sarkissian

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Email:  nyfloridarealty@gmail.com

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