1916 SW 11th St
1916, 11th St, Fort Lauderdale, FL, 33312Basics
- Category: CommercialSale
- Type: Multifamily
- Status: Active
- Bathrooms: 0
- Lot size: 26399, 26399 sq ft
- Year built: 1967
- County: Broward
- MLS ID: A11587494
Description
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Description:
RIVERSIDE PARK 7-24 B LOT 21 TO 24,LOT 25 LESS BEG NE COR LOT 25,W 45 TO POB,CONT W 5,S 110,E 15,NW 110.50 TO POB FOR RD R/W BLK 2 24-unit apartment building. Motivated owners/seller!
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Attractive unit mix (Four 2 Bedrooms and 2 Bath). (Four - 2 Bedrooms and 1 Bath). (Sixteen- 1 Bedroom and 1 Bath).
Kings Pointe II Apartments. Highlights.
The building has a metal roof that was completed in 2012, and metal roofs have a lifespan of 40 to 70 years.
The building also has a 10-year recertification that was completed on 11/03/2020.
Stabilized asset boasting 100% occupancy, generates a stable income, with minimal deferred maintenance.
With an average effective rent of $1712, an investor has the opportunity to increase rental rates to be competitive within the market as units turn.Additionally new Investor can also increase income by charging back the tenants for utilities usage.
Location
- Directions: Motivated owners/seller! All offers will be reviewed, consider and will get a response. Contact the broker once you’re ready to make an offer.
Building Details
- Structure Type: Apartment,MultiFamily
- Covered Spaces: 0
Expenses, Fees & Taxes
- Tax Annual Amount: $97,361
Miscellaneous
- List Office Name: Coldwell Banker Realty
Ask our real estate expert about this property
This Multifamily-type commercial real estate is located in 1916, 11th St, Fort Lauderdale, FL, 33312 was built in 1967, and is listed at $5,999,999.