Savvy Avenue LLC
Listed by Savvy Avenue LLC
$1,195,000
1111 SW 2nd Street
Details
APN 504209092230
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 2,340
Units 4
NOI $57,000
Year Built 1969
Zoning RMM-25
Multifamily | 4 Units
Marketing description
Amazing location in one of the nicest, cleanest parts of historic Sailboat Bend. Currently long-term rentals with an excellent rental history, featuring great tenants and remarkable consistency in occupancy. - Ideal for Airbnb transition or short term Rentals as well, situated on Himmarshee St between Broward Boulevard and Los Olas Boulevard. The property is clean, neat, organized, and very well maintained, with an approximate 3-mile drive to the beach. The area is very safe, and close proximity to the new Police Headquarters . -This property also presents a strong upside for short-term Airbnb stays due to its desirable location and high demand. - Private, fenced lot with beautiful tropical exotics. Central air and heat are well maintained. - Shared property line with a Ten Plex (potentially for sale) on a major corner of Palm Avenue and Broward Blvd. This area is among the most in-demand rental zones in Fort Lauderdale. - Highly walkable neighborhood close to shopping, restaurants, and Classic long-term upside value. - Ten Plex: located at 109 Palm Ave, with strong upside value and solid, classic characteristics.
Listing Contacts
Savvy Avenue LLC
Listed by Savvy Avenue LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$57,000.00
$4,750.00/mo
Valuation Metrics
0
DSCR
4.77%
Cap Rate
4.77%
ROI
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