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5200 NW 31ST AVE 2 CONDO SALE E96 & E98 2 Flex Condos Offered at $470,000 in Fort Lauderdale, FL
Investment Highlights
- 2 UNITS NEXT TO EACH OTHER 96 & 98
- LAKEVIEWS ASSOCIATION WITH RESERVES
- LONG TERM TENANTS
Executive Summary
Portfolio sale in Villas at Lakeview, Fort Lauderdale! . Includes 2 units (#96 & 98) in a well-maintained Gated community with recently replaced roofs, concrete work/paint and all assessments paid. 2 units each one with 2 bed/2.5 bath townhomes. . All units offer central A/C, in-unit washer/dryer, and tranquil lake views. Association fees are exceptionally low: $369.50/month each unit.. low overhead, and rental income potential make this an outstanding investment opportunity. The community is well-kept, offering peace of mind and long-term value. A rare chance to acquire multiple units in one of Fort Lauderdale’s sought-after lakefront communities. NOI: $30,986.36 CAP - 6.6%
Taxes & Operating Expenses (Actual - 2025) |
Annual |
|---|---|
| Gross Rental Income |
$48,600
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$48,600
|
| Taxes |
$8,745
|
| Operating Expenses |
$8,868
|
| Total Expenses |
$17,613
|
| Net Operating Income |
$30,987
|
Taxes & Operating Expenses (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $48,600 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $48,600 |
| Taxes | |
|---|---|
| Annual | $8,745 |
| Operating Expenses | |
|---|---|
| Annual | $8,868 |
| Total Expenses | |
|---|---|
| Annual | $17,613 |
| Net Operating Income | |
|---|---|
| Annual | $30,987 |
Property Facts
| Price | $470,000 | Status | Active |
| Price / SF | $215.40 / SF | Number of Properties | 2 |
| Sale Condition | 1031 Exchange | Individually For Sale | 0 |
| Cap Rate | 6.59% | Total Building Size | 2,182 SF |
| Sale Type | Investment |
| Price | $470,000 |
| Price / SF | $215.40 / SF |
| Sale Condition | 1031 Exchange |
| Cap Rate | 6.59% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 2,182 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Villas At Lakeview
5200 NW 31st Ave, 2nd Floor - Unit E98, Fort Lauderdale, FL 33309 |
Flex Condo | 1,150 SF | 1988 | - |
|
Villas At Lakeview
5200 NW 31st Ave, 2nd Floor - Unit E96, Fort Lauderdale, FL 33309 |
Flex Condo | 1,032 SF | 1988 | - |
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5200 NW 31ST AVE 2 CONDO SALE E96 & E98
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