Commercial property in Fort Lauderdale, Florida № 691954

Property description

Freshly painted, 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 4,912 total lot square ft. 14,300, 5 out of the 8 units are month to month. Present rents are below market value w/renovations the potential gross income $175,000 + and 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. No seller financing available.