Listed by RE/MAX Direct
$450,000
5200 NW 31ST AVE 96-98
Details
APN 494217BA0790
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,064
Net Rentable (SqFt) 2,064
Units 2
Cap Rate 6.89%
NOI $30,986
Occupancy 100%
Price per SqFt $218
Broker Co-Op Yes
Class B
Year Built 1987
Year Renovated 2020
Buildings 1
Stories 2
Lot Size (SqFt) 2,064
Zoning res
Parking Spaces 2 per unit
Investment Type Stabilized
Ground Lease No
Ownership LLC
Sale Condition 1031 exchange
Multifamily | 2 Units | $225,000/unit
Marketing description
Portfolio sale in Villas at Lakeview, Fort Lauderdale! . Includes 2 units (#96 & 98) in a well-maintained Gated community with recently replaced roofs, concrete work/paint and all assessments paid. 2 units each one with 2 bed/2.5 bath townhomes. . All units offer central A/C, in-unit washer/dryer, and tranquil lake views. Association fees are exceptionally low: $421.69/month each unit.. low overhead, and rental income potential make this an outstanding investment opportunity. The community is well-kept, offering peace of mind and long-term value. A rare chance to acquire multiple units in one of Fort Lauderdale’s sought-after lakefront communities.
Listing Contacts
Listed by RE/MAX Direct
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$30,986.00
$2,582.17/mo
Valuation Metrics
0
DSCR
6.89%
Cap Rate
6.89%
ROI
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