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1911-1915 SW 4th Ave 6 Unit Apartment Building $1,385,780 ($230,963/Unit) 5.16% Cap Rate Fort Lauderdale, FL 33315
Investment Highlights
- Minutes To Downtown Fort Lauderdale
- Current Rents Are Below Market
- Minutes To Fort Lauderdale Beach
Executive Summary
Prime Location!! Two Triplexes (6 Total Units) Located Next To Each Other In The Heart Of Fort Lauderdale, Just Minutes From Downtown, Las Olas, And World-Famous Fort Lauderdale Beach. Both Triplexes Must Be Sold Together. Asking Price Is Per Triplex. Each Building Is Approximately 2,000+ Sq. Ft. And Features Two 2-Bedroom/1-Bath Units And One Studio, For A Total Of Four 2-Bedroom/1-Bath Units And Two Studios. Roofs Are 14+/- Years Old, Central A/C'S Are Newer, Tenants Pay Electric. Current Rents Are Below Market, Estimated Gross Annual Income Of $115,200, With Potential Gross Of $130K+. Estimated Annual Expenses For Both Are Taxes Of $21,270, Insurance $14,000, Lawn $1440, Water/Trash $8400. Potential Income 70-90k+ This Is That Diamond In Rough You've been Looking For!
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,825 | 800 |
| Studios | 2 | $1,235 | 400 |
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Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 50-42-15-01-4970 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $451,120 |
Property Taxes
Parcel Number
50-42-15-01-4970
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$451,120
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1911-1915 SW 4th Ave