1916 SW 11th St, Fort Lauderdale, 33312
Buy
1916 SW 11th St, Fort Lauderdale, 33312
Quick Details
- 26399
- Lot sqft
- 1967
- Year Built
Description
24-unit apartment building. Motivated owners/seller!
Attractive unit mix (Four 2 Bedrooms and 2 Bath). (Four – 2 Bedrooms and 1 Bath). (Sixteen- 1 Bedroom and 1 Bath).
Kings Pointe II Apartments. Highlights.
The building has a metal roof that was completed in 2012, and metal roofs have a lifespan of 40 to 70 years.
The building also has a 10-year recertification that was completed on 11/03/2020.
Stabilized asset boasting 100% occupancy, generates a stable income, with minimal deferred maintenance.
With an average effective rent of $1712, an investor has the opportunity to increase rental rates to be competitive within the market as units turn.Additionally new Investor can also increase income by charging back the tenants for utilities usage.
Address
Open on Google Maps- Address 1916 SW 11th St
- City Fort Lauderdale
- State/county Florida
- Zip/Postal Code 33312
- Area Broward County
Details
- MLS #: A11587494
- Price: $5,999,999
- Land Area: 26399 sqft
- Year Built: 1967
- Property Status: Buy
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