Description
24-unit apartment building.
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.,
, RIVERSIDE PARK 7-24 B LOT 21 TO 24,LOT 25 LESS BEG NE COR LOT 25,W 45 TO POB,CONT W 5,S 110,E 15,NW 110.50 TO POB FOR RD R/W BLK 2
Features
- Building Area Total
16911
- Building Area Units
Square Feet
- City
Fort Lauderdale
- Contract Status Change Date
2024-05-07 00:00:00
- County Or Parish
Broward County
- Days On Market
41
- Dual Variable Compensation
Yes
- Latitude
26
- List A O R
A-Miami Association of REALTORS
- List Price
6500000
- Living Area Units
Square Feet
- Longitude
-80
- Lot Size Square Feet
26399
- Lot Size Units
Square Feet
- Major Change Type
Price Decrease
- Mls Status
Active
- On Market Date
2024-05-07 00:00:00
- Original List Price
6700000
- Originating System Name
miamire
- Parcel Number
504209120310
- Postal Code
33312
- Postal Code Plus4
3286
- Previous List Price
6700000
- Property Type
Commercial Sale
- Public Survey Range
50
- Public Survey Township
50
- Standard Status
Active
- State Or Province
FL
- Tax Legal Description
RIVERSIDE PARK 7-24 B LOT 21 TO 24
LOT 25 LESS BEG NE COR LOT 25
W 45 TO POB
CONT W 5
S 110
E 15
NW 110.50 TO POB FOR RD R/W BLK 2
- Unparsed Address
1916 SW 11th St
Fort Lauderdale FL 33312
- Virtual Tour URL Unbranded
https://www.propertypanorama.com/instaview/mia/A11587494
- Year Built
1967
- Zoning
RD-15
