This Multifamily Property is Off-Market.

3380-3390 NW 30th St
Lauderdale Lakes, FL 33311 ·

48 Units · Multifamily For Sale

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Default Note Sale!!! Palm Grove Apts.

Price N/A Distressed Yes
No. Units 48 Occupancy 40%
Building Size 37,672 SF No. Stories 2
Property Type Multifamily Year Built 1973
Property Sub-type Garden/Low-Rise Lot Size 1.54 AC
Property Use Type Investment Parking Ratio 96 / 1,000 SF
Listing ID: 16813589 Date Created: 08/26/2010 Last Updated: 06/27/2011

Description

This is a NOTE SALE**** Palm Grove is a DISTRESSED 48-unit apartment community located in Broward County' s city of Lauderdale Lakes. The property was built in 1973 of concrete block and painted stucco exterior and consists of three two-story concrete block buildings.

The community is situated on 1.54 acres with ample parking on both the north and south side of the property. The unit mix is comprised of 35 two bedroom/ one bathroom and 13 one bedroom/ one bathroom units.

All units have electric appliances, walk-in-closets, central heat and air-conditioning, individual hot water heater, glass slider providing access to a private patio or balcony and ceramic time in all areas.

The property is located in an excellent location just one block south of Oakland Park Boulevard. It situated less than one mile from the Florida Turnpike and I-95 in an historically strong rental market.

Highlights

  • Distressed Note Sale with Significant Upside
  • Cooperative Seller
  • New Roofs Under Warranty/ Ample Parking
  • Ample Access to Public Transportation and Retail Shopping
  • Surrounded by Single-Family Homes

Research

3380-3390 NW 30th St, Lauderdale Lakes, FL 33311 (Broward County)

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