10 APARTMENT UNITS-21911

Multifamily / Garden Apartments / 4043 SEAGRAPE DRIVE , Fort Lauderdale Florida 33308

 
User Profile Image

Matthew Jacocks

Capital Commercial Real Estate Group

Office Phone: 954-455-3366262

Cell Phone: 305-335-4144

Like us on Facebook

Share with Google Plus

Published on: Monday, June 16, 2014 2:08:19 PM
Updated on: Monday, June 16, 2014 2:08:19 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Florida-30818

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 0%

Year Build: 0

 

Building Size: 0 SqFt

Lot Size: 0 Not Specified

No of Stories: 0

No of Parking: 0

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: Capital Commercial Real Estate Group, Inc. is proud to market this elegant 10 unit apartment building in Lauderdale by the Sea. This asset was built in 1962 and consists of eight 1/1's and two 2/2's situated on 12,502 Sq. Ft. lot. The units are fully renovated and have central a/'s and tile floors. This opportunity offers investors to purchase a cash flowing asset with 9% cap rate. Walking distance to shopping, night life, beaches and entertainment. Property on high demand rental area.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 9.09

Commission Split (%): 2

Complete Details


Year Build: 0

Building Size: 0 SqFt.

No of Stories: 0

Total Lot Area: 0.00 Not Specified

No of Parking: 0

No of Total Units: 0

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 0%

Full Description


Capital Commercial Real Estate Group, Inc. is proud to market this elegant 10 unit apartment building in Lauderdale by the Sea. This asset was built in 1962 and consists of eight 1/1's and two 2/2's situated on 12,502 Sq. Ft. lot. The units are fully renovated and have central a/'s and tile floors. This opportunity offers investors to purchase a cash flowing asset with 9% cap rate. Walking distance to shopping, night life, beaches and entertainment. Property on high demand rental area.

Additional Properties


Property Highlights
  • HIGH DEMAND RENTAL AREA
  • REMAIN OPERATING AS A VACATION OR ANNUAL RENTALS
  • CONVERT TO CONDOS, CHANGE TO A HOTEL
  • DEVELOPMENT OPPORTUNITY
Features
  • fully renovated
  • central a/'s and tile floor
  • WALK TO NIGHT LIFE, FINE RESTAURANTS, FINE RESTAURANTS, THE LAUDERDALE BY THE SEA PIER AND SHOPS
  • CENTRAL A/C, POOL AND LAUNDRY SERVICES

Actual - Cash Flow


Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2014
$337,836.00
$0.00
$89,115.00
$248,721.00
$0.00
0%
Cash Flow for Current Listings
 LoudLister :: a Social Real Estate resource and offer engine