1149 NW 2nd Street, Fort Lauderdale, FL 33311

$975,000
List Price
$975,000
MLS#
F10279208
Status
ACTIVE
Type
Multifamily
Building Name
Dorsey Riverbend
City
Fort Lauderdale
Year Built
1964

Property Description

This offering is the opportunity to acquire the entire end of a city block (14,300 sf) with a total of 6 apartments, all 2 bedroom/1 bathroom. High quality interior renovations have been completed on 4 of the units with brand new hardwood kitchens, wood plank vinyl flooring, appliances, and other amenities. Renovated units are rented for $1,195 per month. There are 2 unrenovated units that are slightly larger 2 bedroom/1 bathroom apartments rented at $750 each that are month to month and could easily be updated and bring in $1,195+ per month each. Total annual rent with all units renovated is $86,400. Expenses are water $2,340, grass $780, real estate taxes $6,000, and Insurance $4,800 for total net rent of $72,480. The sale price is at a 7.4% CAP.

Additional Information

Subdivision
Dorsey Riverbend
Taxes
$6,000
Heating
Electric Heat
Flooring
Vinyl Floors
Parking Spaces
12
Sewer
Municipal Sewer

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Beckett Realty Advisors, LLC.