Commercial property in Fort Lauderdale, Florida № 1176338
16
ID1176338
$ 6 700 000
- EUR €
- USD $
- RUB ₽
- GBP £
Property description
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.MLS #: A11587494
Fort Lauderdale - Statistics
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| Parameters | Fort Lauderdale |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 2 315.00 |
| Apartment (1 bedroom) Outside of Centre | $ 1 977.09 |
| Apartment (3 bedrooms) in City Centre | $ 3 776.71 |
| Apartment (3 bedrooms) Outside of Centre | $ 3 323.44 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 4 501.45 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 3 775.42 |
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| Parameters | Fort Lauderdale |
|---|---|
| Crime Index | 48.65 |
| Cost of Living and Rent Index | 62.41 |
| Purchasing Power Index | 148.15 |
| Property Price to Income Ratio | 4.25 |
| Safety Index | 51.35 |
| Traffic CO₂ Index | 8326.96 |
| Traffic Inefficiency Index | 209.79 |
| Rent Index | 54.82 |
| Health Care Index | 68.80 |
| Groceries Index | 76.45 |
| Pollution Index | 29.31 |
| Traffic Commute Time Index | 31.43 |
| Restaurant Price Index | 75.42 |
| Climate Index | 84.25 |
| Cost of Living Index | 68.59 |
| Quality of Life Index | 194.18 |
| Traffic Index | 150.92 |
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| Parameters | Fort Lauderdale |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 20.00 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 100.00 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 10.50 |
| Domestic Beer (0.5 liter draught) | $ 6.00 |
| Imported Beer (0.33 liter bottle) | $ 6.50 |
| Coke/Pepsi (0.33 liter bottle) | $ 2.75 |
| Water (0.33 liter bottle) | $ 2.15 |
| Cappuccino (regular) | $ 5.33 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.10 |
| Loaf of Fresh White Bread (500g) | $ 4.28 |
| Eggs (regular) (12) | $ 3.45 |
| Local Cheese (1kg) | $ 11.56 |
| Water (1.5 liter bottle) | $ 2.05 |
| Bottle of Wine (Mid-Range) | $ 12.00 |
| Domestic Beer (0.5 liter bottle) | $ 1.73 |
| Imported Beer (0.33 liter bottle) | $ 3.03 |
| Cigarettes 20 Pack (Marlboro) | $ 10.00 |
| Apples (1kg) | $ 5.55 |
| Chicken Fillets (1kg) | $ 9.37 |
| Oranges (1kg) | $ 4.39 |
| Potato (1kg) | $ 3.55 |
| Lettuce (1 head) | $ 2.24 |
| Rice (white), (1kg) | $ 4.39 |
| Tomato (1kg) | $ 5.39 |
| Banana (1kg) | $ 1.54 |
| Onion (1kg) | $ 3.07 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 19.19 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 2.38 |
| Monthly Pass (Regular Price) | $ 72.50 |
| Gasoline (1 liter) | $ 0.90 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 27 000.00 |
| Taxi Start (Normal Tariff) | $ 4.50 |
| Taxi 1km (Normal Tariff) | $ 1.55 |
| Taxi 1hour Waiting (Normal Tariff) | $ 22.00 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 24 830.64 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 164.09 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 61.67 |
| $ 58.85 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 4 871.21 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.60 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 75.67 |
| Tennis Court Rent (1 Hour on Weekend) | $ 13.33 |
| Cinema, International Release, 1 Seat | $ 14.50 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 47.50 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 45.00 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 88.00 |
| 1 Pair of Men Leather Business Shoes | $ 95.57 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 816.67 |
| International Primary School, Yearly for 1 Child | $ 16 000.00 |
Data are provided by Numbeo.com and are based on its users survey. Florida.realestate can not guarantee the validity of these data.
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CityFort Lauderdale
Address1916 SW 11th St, Fort Lauderdale FL 33312
TypeCommercial property
Completion dateIV quarter, 1967
Price
- Price
- per m²
$ 6 700 000
- EUR €
- USD $
- RUB ₽
- GBP £
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