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Angel Apartments 1106 NE 5th Ave 5 Unit Apartment Building $1,325,000 ($265,000/Unit) 6.91% Cap Rate Fort Lauderdale, FL 33304
EXECUTIVE SUMMARY
If you're looking for a fantastic investment opportunity in a prime location, this property is for you! Presenting a well-maintained building with 5 legal units located in the sought-after Lake Ridge area of Fort Lauderdale. Rental Income:3 one-bedroom units rented at $1,800/m, 2 two-bedroom units rented at $2,400/m. All units currently leased on one-year leases. Recently replaced Roof in 2020. 40-Year Certification Passed and up-to-date. 6 electric meters and 1 water meter. Coin-operated washer and dryer. Each apartment has designated private parking. Perfectly situated just minutes away from Las Olas Blvd, Victoria Park, and Flagler Village. Proximity to numerous shopping, dining, and entertainment options, making it attractive to potential tenants.
PROPERTY FACTS
| Price | $1,325,000 | Building Class | C |
| Price Per Unit | $265,000 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 3,754 SF |
| Cap Rate | 6.91% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | Parking Ratio | 2.13/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RMM-25 - RMM-25 Residential Mid Rise Multifamily.District Categories,Residential, Mixed Use Development, Public Purpose,Child Day Care Facilities, Nursing Home | ||
| Price | $1,325,000 |
| Price Per Unit | $265,000 |
| Sale Type | Investment |
| Cap Rate | 6.91% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 3,754 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 2.13/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RMM-25 - RMM-25 Residential Mid Rise Multifamily.District Categories,Residential, Mixed Use Development, Public Purpose,Child Day Care Facilities, Nursing Home |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Family Room
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | 700 |
| 2+1 | 2 | - | 1,200 |
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 49-42-34-04-0910 | Improvements Assessment | $687,310 |
| Land Assessment | $50,640 | Total Assessment | $737,950 |
PROPERTY TAXES
Parcel Number
49-42-34-04-0910
Land Assessment
$50,640
Improvements Assessment
$687,310
Total Assessment
$737,950
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Presented by
coyaz holding llc
Angel Apartments | 1106 NE 5th Ave
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