Listed by Marcus & Millichap - Fort Lauderdale
$1,540,000
Park Lane Apartments
Details
APN 5042-15-17-0170, 5042-15-17-0171
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 4,637
Units 7
Cap Rate 5.26%
NOI $80,964
Occupancy 100%
Pro-Forma Cap Rate 5.62%
Pro-Forma NOI $86,504
Broker Co-Op No
Class C
Year Built 1963
Buildings 2
Stories 1
Lot Size (SqFt) 12,189
Zoning RM-15
Ownership Fee Simple
Park Lane Apts | $1.575m | 7 Units | 30yr Loans Possible | Fort Lauderdale, FL
Marketing description
7 Units – Triplex and Fourplex Located next to Croissant Park Elementary School
Properties can be Purchased Individually, Investors can Secure 30 Year Mortgages
Mix of (6) One-Bedroom | One-Bathrooms and (1) Two-Bedroom | One-Bathroom Units Feature Mini-Split A/C’s, On-Site Laundry*, Tile Floors and Electric Appliances
Walking Distance to Croissant Park Elementary and Broward Health Medical Center
Proximate to Downtown Fort Lauderdale, Airport, Port Everglades, US-1, Interstate 95
*Laundry room is located in the 1827 building.
Listing Contacts
Listed by Marcus & Millichap - Fort Lauderdale
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$80,964.00
$6,747.00/mo
Valuation Metrics
0
DSCR
5.26%
Cap Rate
5.26%
ROI
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