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1150 Ne 17th Court, Fort Lauderdale, FL 33305

$13,249,000

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List Price: $13,249,000
MLS#: B26085867
Lot Size: 18,334
Subtype: Multi Family
County: Broward
Community: Not Found
Year Built: 1974

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Property Description

EXCEPTIONAL FORT LAUDERDALE MULTIFAMILY INVESTMENT OPPORTUNITY! Income-producing 55-unit portfolio consisting of three multifamily properties in desirable East Fort Lauderdale. ALL THREE PROPERTIES MUST BE PURCHASED TOGETHER. Offered at $13,249,000 ($240,891 per unit) with a stated 5.50% CAP RATE and average monthly rent of $1,871 per unit. Portfolio includes: 1150 NE 17th Ct (16 units, Folio #494235040010), 1151 NE 17th Ct (13 units, Folio #494235041760), and 1401 NE 17th Ct (26 units, Folio #494235420010), Fort Lauderdale, FL 33305. Conveniently located near Wilton Manors, Downtown Fort Lauderdale, shopping, dining, major roadways, and beaches. Excellent opportunity to acquire a substantial multifamily investment portfolio in a desirable rental market.

954-557-5993

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Additional Information

Status Label: ACTIVE
Total Unitsin Complex: 55
Boat Service: Building Only, Business And Building
Construction: CBS Construction, Frame, Frame With Stucco
Cooling: Central Air
Flooring: Tile, Wood
Heating: Central
Lot Description: 1/4 To Less Than 1/2 Acre Lot, Less Than 1 Acre
Parking: Assigned, Common
Roof: Comp Shingle Roof, Tar/Gravel, Tile, Flat Tile, Flat Roof With Facade Front, Shingle, Tar & Gravel Roof, Tile Roof
Security: No Fire Protection, Smoke Alarm, Smoke Detector(s), Smoke Detector, No Security
Taxes: $49,087
Utilities: Cable Connected, Electricity Connected, Sewer Connected, Cable Available, Electricity Available, Sewer Available, Water Available
Total Floors: 2
Stories: 2
Roofing: Comp Shingle Roof, Tar/Gravel, Tile, Flat Tile, Flat Roof With Facade Front, Shingle, Tar & Gravel Roof, Tile Roof
Acres: 0.42
Boat Services: Building Only, Business And Building