Contemporary style 2 story apartment complex built in 1978, has 8 units in total, (1) 2/1 and (7) 1/1's all with private entrances and patio, balconies, central ac. Complex has 12 parking spaces guest and assigned. Total square footage under air is 5,104 and total lot square ft. 14,300, all of the 8 units are month to month. Present rents are below market value /w/renovations the potential gross income of $175,000 + POSSIBILITY of a 6% + cap rate. Expenses are minimal with low landscape maintenance, laundry facility on premise which generates income.. Excellent location mins to beaches, restaurants, shoppes, groceries and expressway.
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Location
100 SE 21st Street 1-8, Fort Lauderdale, FL 33316
Status
For Sale
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Fort Lauderdale, Florida, is a vibrant coastal city along the Atlantic Ocean, known for its beautiful beaches, lively atmosphere, and thriving economy. Often called the "Venice of America" due to its extensive network of 165 miles of inland waterways,