1916 SW 11th St Active Save Request In-Person Tour Request Virtual Tour
Fort Lauderdale,FL 33312
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 16,911 sqft
Price per Sqft $354
MLS Listing ID A11587494
HOA Y/N No
Year Built 1967
Annual Tax Amount $97,361
Lot Size 0.606 Acres
Property Description
24-unit apartment building. Motivated owners/seller!
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
State FL
County Broward
Area 3990
Direction 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.
Others
Tax ID 504209120310