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listing
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CommercialFor Sale
$5,999,999
1916 SW 11th St
Fort Lauderdale, FL 33312
Courtesy of Coldwell Banker Realty
MLS: MIAMI Association of REALTORS
Est. Mortgage
$31,071/mo

24-unit apartment building. Motivated owners/seller! 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.

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Information courtesy of Coldwell Banker Realty is subject to verification and is not guaranteed.
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