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1827-1831 Park Ln 7 Unit Apartment Building $1,575,000 ($225,000/Unit) 5.37% Cap Rate Fort Lauderdale, FL 33315
Executive Summary
7 Units – Triplex and Fourplex Located next to Croissant Park Elementary School. Properties can be Purchased Individually, Investors can Secure 30 Year Mortgages. Mix of (6) One-Bedroom | One-Bathrooms and (1) Two-Bedroom | One-Bathroom. Units Feature Mini-Split A/C’s, On-Site Laundry*, Tile Floors and Electric Appliances. Walking Distance to Croissant Park Elementary and Broward Health Medical Center. Proximate to Downtown Fort Lauderdale, Airport, Port Everglades, US-1, Interstate 95
*Laundry room is located in the 1827 building.
*Laundry room is located in the 1827 building.
Property Facts
| Price | $1,575,000 | Apartment Style | Low-Rise |
| Price Per Unit | $225,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.37% | Building Size | 4,500 SF |
| Gross Rent Multiplier | 10.59 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.78/1,000 SF |
| Zoning | RM-15 | ||
| Price | $1,575,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 5.37% |
| Gross Rent Multiplier | 10.59 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,500 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1963 |
| Parking Ratio | 1.78/1,000 SF |
| Zoning | RM-15 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,742 | 638 |
| 2+1 | 1 | $1,950 | 720 |
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Property Taxes
| Parcel Number | 50-42-15-17-0170 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $397,170 |
Property Taxes
Parcel Number
50-42-15-17-0170
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$397,170
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1827-1831 Park Ln
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