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
