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PRICED AT ONLY: $2,100,000

Address: Address Not Provided

Description

SEE OFFERING MEMORANDUM FOR MORE DETAIL*Pro Forma Cap rate is with no required windstorm insurance for a seller financed deal.Rarely do you find an investment where the land value is nearly identical to the income value. While this property can provide a nice return, redevelopment may be the highest and best use in the long run. This provides steady cash flow while you plan your project. The streets surrounding these two adjacent properties are filled with luxury townhomes. Recently, the building across the street was demolished to make way for a luxury project.There are currently two separate buildings that make up the 7 units for a total of 4,745 SF of structure. The two lots of land total 14,250 SF.

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  • MLS#: RX-11041532 ( MultiFamily (5+ Units) )
  • Street Address: Address Not Provided
  • Viewed: 1
  • Price: $2,100,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1966
  • Bldg sqft: 0
  • Days On Market: 20
  • Additional Information
  • Geolocation: 26.1341 / -80.1249
  • County: BROWARD
  • City: Fort Lauderdale
  • Zipcode: 33304
  • Provided by: Coldwell Banker Commercial
  • Contact: Robert A Wainland
  • (561) 395-2233
  • DMCA Notice

Description

SEE OFFERING MEMORANDUM FOR MORE DETAIL*Pro Forma Cap rate is with no required windstorm insurance for a seller financed deal.Rarely do you find an investment where the land value is nearly identical to the income value. While this property can provide a nice return, redevelopment may be the highest and best use in the long run. This provides steady cash flow while you plan your project. The streets surrounding these two adjacent properties are filled with luxury townhomes. Recently, the building across the street was demolished to make way for a luxury project.There are currently two separate buildings that make up the 7 units for a total of 4,745 SF of structure. The two lots of land total 14,250 SF.
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Features
Building and Construction
  • Absolute Longitude: 80.124936
  • Flooring: Ceramic Tile
  • Roof: Comp Rolled, Comp Shingle, Wood Truss/Raft
  • Sqft Source: Tax Rolls
  • Total Building Sqft: 4745.00
  • Type Of Building: Resident. Multi-Fam.
Property Information
  • Property Condition: Resale
  • Property Desc: 7 Units on two lots
  • Property Group Id: 19990816212135227274000000
Utilities
  • Air Conditioned: 100.00
  • Cooling: Central, Electric, Zoned
  • Fire Protect: Smoke Detector
  • Heating: Central
  • Num Of Stories: 1.0
  • Utilities: Cable, Electric, Gas Natural, Municipal Water
Finance and Tax Information
  • Tax Year: 2023
Rental Information
  • Tenant Pays: Cable, Electric
Other Features
  • Avail Docs: Aerial, Survey
  • Avail Info: Existing Survey, Investment Analysis, Photos
  • Country: United States
  • Legal Desc: PROGRESSO 2-18 D LOT 10 LESS W 60, 11 LESS W 60 BLK 239 AND PROGRESSO 2-18 D LOT 9 BLK 239
  • Parcel Id: 494234060100
  • Possession: At Closing
  • Sale Includes: Building and Land
  • Use: Income, Other
  • Zoning: RMM-25
Similar Properties

Details for 900 Sunrise Ln, Fort Lauderdale, FL 33304
$2,500,000.00 ($416.67 / sqft )

900 Sunrise Ln Virtual Tour More Like This

Sale Type Investment or Owner User Sale Condition Build to Suit (Seller is delivering it with new entrance doors and with all updated 40 year certifications. Property Type Retail Property Subtype:

  1. Request Information
  1. Approx. 6000 sqft
  1. MLSID: F10469634
  2. Provided by Big Box Broker LLC
  3. Contact Charles D Silver
  4. (561) 376-0104
  5. Fort Lauderdale, FL MLS IDX
  6. DMCA Notice
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