Property Description

13-unit multifamily investment opportunity in Fort Lauderdale at 1151 NE 17th Ct. Unit mix includes 11 one-bedroom/one-bath apartments, one studio/one-bath apartment and one three-bedroom/two-bath apartment. Current scheduled rents total $24,450 monthly, or $293,400 annually. Reported trailing 12-month NOI of $197,115 reflects a 6.6% cap rate at the $2,990,000 asking price, approximately $230,000 per unit. Property features include select renovated interiors and laundry income. An opportunity to acquire an income-producing apartment property with a diverse unit mix.

Features
Heating System
Cooling System
Parking Features
Roof
Sewer
Address Map
State:
FL
County:
Broward
City:
Fort Lauderdale
Zipcode:
33305
Street:
1151 Ne 17th Court, Fort Lauderdale, Florida 33305
Longitude:
W81° 52' 3.2''
Latitude:
N26° 9' 2.7''
MLS Addon
Building Area:
7,454 Sqft
Construction Materials
Electric
Flooring
Internet Address Display:
1
Internet Listing Display:
1
Lot Features
Parcel Number:
494235041760
Stories Total:
2
Tax Annual Amount:
$41,185
Utilities

Commercial Sale For Sale

1151 Ne 17th Court, Fort Lauderdale, Florida 33305, Fort Lauderdale, Florida 33305

13,158 Sqft
$2,990,000
MLS # #B26100393
Basic Details
Property Type :
Commercial Sale
Listing Type :
For Sale
Price :
$2,990,000
Year Built :
1985
Lot Area :
13,158 Sqft
MLS # :
B26100393
Agent info
Contact Agent