3380-3400 NW 30th St
Fort Lauderdale, FL 33311
New Castle Apartments · Multifamily Property For Sale
·
48 Units
Property Facts
| No. Units | 48 | Building Size | 36,450 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1972/2016 |
| Building Class | C | Parking Ratio | 1.59/1,000 SF |
| Lot Size | 1.54 AC | ||
| Zoning | RM-20 Lauderdale Lakes - Multi-Family | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.54 AC |
| Building Size | 36,450 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2016 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | RM-20 Lauderdale Lakes - Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Dining Room
- Family Room
- Freezer
- Linen Closet
- Loft Layout
- Patio
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Security System
- Tenant Controlled HVAC
- Sundeck
- Walk-Up
- Smoke Detector
About 3380-3400 NW 30TH ST , FORT LAUDERDALE, FL 33311
New Castle Apartments is a 48-unit apartment community consisting of 3 contiguous 2-story buildings centrally located in the City of Lauderdale Lakes, Florida. Built in 1972 and 1974, this 100% leased apartment community contains an attractive unit mix of 73% 2-bed/1-bath units and 27% 1-bed/1-bath units. Situated on three parcels totaling 1.54 acres, these concrete block buildings contain a total of 37,670 square feet of gross building area. The Property underwent a significant renovation in 2016 and 2017 with over $600,000 in improvements completed, reducing operating costs and increasing rental income. New Castle Apartments represents the unique opportunity to acquire an apartment community in Broward County at a 6.13% cap rate on current income & expenses. Additionally, Freddie Mac financing is assumable at an attractive 3.4% interest rate. Call or email to request a complete offering memorandum or to schedule a property tour.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | $1,025 | - |
| 2+1 | 35 | $1,250 | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $6,918,320 | |
| Land Assessment | $268,120 | Total Assessment | $7,186,440 |
Property Taxes
