APARTMENT BLDG - 34 UNITS - 22028

Multifamily / Mid-rise / 22028 , Fort Lauderdale Florida 33312

 
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RANDY NORTH

Capital Commercial Group

Office Phone: 954-455-3366

 

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Published on: Monday, March 7, 2016 1:10:01 PM
Updated on: Sunday, March 13, 2016 2:54:17 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Florida-41218

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 0%

Year Build: 0

 

Building Size: 0 SqFt

Lot Size: 0 Acre

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: APARTMENT BLDG - 34 UNITS - 22028

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 7.41

Commission Split (%): 0

Complete Details


Year Build: 0

Building Size: 0 SqFt.

No of Stories: 0

Total Lot Area: 0.00 Acre

No of Parking: 0

No of Total Units: 34

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


Unique investment opportunity to acquire 52 rental streams of income from 27 single family homes, 3 duplexes, 2 triplexes, 2 fourplexes and one five unit building located in bustling Broward County in the famous City of Fort Lauderdale. This portfolio offering provides an opportunity to allow an investor to diversify, while gaining economy of scale in a product starved market. The portfolio is usually 100% leased. The entire portfolio generates a net operating income of $473,179. With some minor sprucing up, it is our opinion that rents could be increased by at least 9.5% which equals upside in the amount of $668,838. In view of the fact that 32 of the 52 tenant's rent is guaranteed by Section 8, collections are a breeze. (BR # 22028)

Broker Message


FOR MORE INFORMATION PLEASE CONTACT RANDY NORTH @ 954-483-0909

Attached Documents


 Download | FLYER ( 202.05KB)

 Download | PRINCIPALS - CONFIDENTIALITY AGREEMENT ( 127.17KB)

 Download | AGENTS - CO-BROKE AGREEMENT ( 223.49KB)

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