Multifamily Investment Opportunity – 16 Units in Fort Lauderdale, FL – Renovated with Bonus Units
Commercial Sale
Category: Multifamily
Price:$1,500,000
Location: Fort Lauderdale, FL
Year Built: 1956
Days on Market: 53
Description:
14 APARTMENTS +BONUS (4 MAYBE POSSIBLE ADDITIONAL APARTMENTS) Investment Opportunity, multifamily, Airbnb, Motel. 16 units (14 studios, 2 one bedrooms) + bonus. (4 shell condition studios with plumbing). Renovated, impact windows, new roof, etc. Minimum potential income as Multifamily: 14 studios $1,300 month = $218,400 YEAR / 2 one bedrooms $1,500 month = $36,000 YEAR. Minus expenses: $35,000 YEAR. Total NOI: $219,400 YEAR. Equal 11.2% Cap. Rate.
Investment opportunity. An Airbnb, motel or multi-family. 16 units: 14 studios, 2 units of one bedroom plus bonus. Multi-family income:
Listing Code: 1068036743