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.
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.
Property Details
Price:
$6,200,000
MLS #:
A11587494
Status:
Active
Beds:
0
Baths:
0
Address:
1916 SW 11th St
Type:
Commercial
Subtype:
Income/MultiFamily
City:
Fort Lauderdale
Listed Date:
May 7, 2024
State:
FL
Finished Sq Ft:
16,911
Total Sq Ft:
16,911
ZIP:
33312
Year Built:
1967
See this Listing
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Schools
Interior
Exterior
Financial
Taxes
$97,361
Map
Community
- Address1916 SW 11th St Fort Lauderdale FL
- CityFort Lauderdale
- CountyBroward County
- Zip Code33312
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