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Matthew Jacocks

Capital Commercial Real Estate Group

Office Phone: 954-455-3366262

Cell Phone: 305-335-4144

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Published on: Friday, June 27, 2014 5:24:55 PM
Updated on: Friday, June 27, 2014 5:24:55 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Florida-30916

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 70 Apartment units which consists of (two) 3-story buildings located at corner location in Fort Lauderdale, FL. The property is well-maintained true B class asset, built in 1976 and the unit mix consists of 2- studios, 65 - 1bedroom/1 bathroom units, 2 - 2 bedroom/ 1bathroom apartments and 1 - 2 bedroom/2bathroom apartment. 100% occupied. EXCELLENT CORNER LOCATION WITH ATTRACTIVE DRIVE BY VISIBILITY.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 6.04

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 70 Apartment units which consists of (two) 3-story buildings located at corner location in Fort Lauderdale, FL. The property is well-maintained true B class asset, built in 1976 and the unit mix consists of 2- studios, 65 - 1bedroom/1 bathroom units, 2 - 2 bedroom/ 1bathroom apartments and 1 - 2 bedroom/2bathroom apartment. 100% occupied. EXCELLENT CORNER LOCATION WITH ATTRACTIVE DRIVE BY VISIBILITY.

Additional Properties


Property Highlights
  • HIGH DEMAND RENTAL AREA
Features
  • GREAT CORNER LOCATION
  • GATED, ELEVATORS, LAUNDRY FACILITIES AND TWO POOLS
  • WELL MAINTAINED APARTMENT BUILDING
  • CLOSE TO BEACHES, US-1, I-95, RESTAURANTS AND SHOPPING

Actual - Cash Flow


Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2013
$708,330.00
$0.00
$291,407.00
$416,923.00
$0.00
0%
Cash Flow for Current Listings
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