Four Property Triplex Portfolio 4 Multifamily Properties Offered at $4,100,000 in Multiple Locations
INVESTMENT HIGHLIGHTS
- 4 buildings
- Three-Bedroom Units / 2 bathrooms
- 12 units
- Unit size: 1,215 SF
EXECUTIVE SUMMARY
Seller Financing Available.
STL Commercial has been exclusively retained to facilitate the sale of a four property triplex portfolio in Lauderhill FL. The portfolio consists of a total of 12 apartments all of which are 3 bedrooms and 2 baths approximately 1,215 SF. Each unit has 2 designated parking spaces, for a total of 24 parking spaces across the entire portfolio. All the buildings have been recently renovated, and are extremely well maintained, making it very attractive for prospective tenants.
Currently the average rent per unit is $2,750 per month. Section 8 for three bedroom units within the properties zip code has approvals for rent up to $3,157 per month. Providing a value add component for section 8 investors.
The property is strategically located on the border of Lauderhill and Sunrise FL, just one mile west of the FL Turnpike and Oakland Park Blvd providing tenants with easy access and plenty of nearby retail, restaurants and commercial uses. This portfolio presents a phenomenal option for investors looking to own valuable, stabilized assets and potential for long term growth.
5701, 5711, and 5721 NW 28th St are identical properties.
INVESTMENT HIGHLIGHTS
NOI: $274,955
Cap Rate: 6.7%
Seller Financing Available
65% LTV
STL Commercial has been exclusively retained to facilitate the sale of a four property triplex portfolio in Lauderhill FL. The portfolio consists of a total of 12 apartments all of which are 3 bedrooms and 2 baths approximately 1,215 SF. Each unit has 2 designated parking spaces, for a total of 24 parking spaces across the entire portfolio. All the buildings have been recently renovated, and are extremely well maintained, making it very attractive for prospective tenants.
Currently the average rent per unit is $2,750 per month. Section 8 for three bedroom units within the properties zip code has approvals for rent up to $3,157 per month. Providing a value add component for section 8 investors.
The property is strategically located on the border of Lauderhill and Sunrise FL, just one mile west of the FL Turnpike and Oakland Park Blvd providing tenants with easy access and plenty of nearby retail, restaurants and commercial uses. This portfolio presents a phenomenal option for investors looking to own valuable, stabilized assets and potential for long term growth.
5701, 5711, and 5721 NW 28th St are identical properties.
INVESTMENT HIGHLIGHTS
NOI: $274,955
Cap Rate: 6.7%
Seller Financing Available
65% LTV
PROPERTY FACTS
| Price | $4,100,000 |
| Price / SF | $232.20 / SF |
| Cap Rate | 6.71% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 17,657 SF |
| Total Land Area | 0.74 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2770 NW 58th Ter, Lauderhill, FL 33313 | Multifamily | 3,600 SF | 1972 | - |
| 5701 NW 28th St, Fort Lauderdale, FL 33313 | Multifamily | 6,857 SF | 1973 | - |
| 5721 NW 28th St, Lauderhill, FL 33313 | Multifamily | 3,600 SF | 1963 | - |
| 5711 NW 28th St, Lauderhill, FL 33313 | Multifamily | 3,600 SF | 1972 | - |
1 of 1
CONTACTS
-
Max Loria -
David Richman -
STL Commercial
