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19569037
19569036

410 SE 13th St, Fort Lauderdale, FL 33316

JM
FL SL3539076
Berger Commercial Realty
SS
BK-324709
Berger Commercial Realty
Listed by Berger Commercial Realty
$1,925,000
667 days on market
Updated 96 days ago

410 Courtyard Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,814
Units 6
Cap Rate 4.87%
NOI $93,722
Price per SqFt $505
Broker Co-Op Yes
Class C
Year Built 1958
Lot Size (SqFt) 10,125
Zoning ROC
Parking Spaces 9 spaces
Parking Per SqFt 2.36

Open Wood Beamed Ceiling Courtyard Apartments Close to Downtown Fort Lauderdale

Marketing description

Offering consists of six fully updated apartments on a 10,125 SF parcel in Southeast Fort Lauderdale, near Downtown, Rio Vista, the Beach, and the Airport. Unit mix includes one 2BR bungalow and five 1BR courtyard apartments with vaulted ceilings. Each unit features modern kitchens, floorings, central A/C, and separately metered electric. With market rents, new roof (2022), no deferred maintenance, and an income-producing laundry facility, this is a turnkey, stabilized investment delivering reliable cash flow in a prime location.

Property is located between the highly sought after neighborhoods of Rio Vista and Croissant Park. Downtown is located about 1 mile North of the property. Area employment within a 3 mile radius consist of Broward County Hospital; County and Federal Courthouses; Downtown Business Corridor; Las Olas Shopping District to name just a few.

Investment highlights

  • Turnkey Asset – Updated, Stabilized, Income-Ready
  • 1 × Two-Bedroom / One-Bath Bungalow
  • 5 × One-Bedroom / One-Bath Vaulted-Ceiling Courtyard Apartments
  • New roof (2022) – no deferred maintenance
  • Updated, modern kitchens and interiors
  • Separately metered electric – tenants pay utilities
  • Central A/C & heat in every unit
  • Income-producing coin-operated laundry facility
  • 9 Parking Spaces

Listing Contacts

JM
FL SL3539076
Berger Commercial Realty
SS
BK-324709
Berger Commercial Realty
Listed by Berger Commercial Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$93,722.00
$7,810.17/mo

Valuation Metrics

0
DSCR
4.87%
Cap Rate
4.87%
ROI

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Additional Information

Name
Jake Michels
License
SL3539076
Brokerage
Berger Commercial Realty Corp.
Title
Real Estate Broker
Brokerage Address
550 South Andrews Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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