A compelling opportunity for a turnkey multifamily investment with steady cash flow and renovation already done. 8 spacious furnished studios and one 2/2 apartment unit with washer and dryer. 10 parking spaces. Conveniently located to shops and restaurants: 10 minutes to the beach, 5 minutes to Las Olas. A great investment with a 6.3%+ cap rate. Do not disturb tenants. Contact listing agent for showings or more information.
A compelling opportunity for a turnkey multifamily investment with steady cash flow and renovation already done. 8 spacious furnished studios and one 2/2 apartment unit with washer and dryer. 10 parking spaces. Conveniently located to shops and restaurants: 10 minutes to the beach, 5 minutes to Las Olas. A great investment with a 6.3%+ cap rate. Do not disturb tenants. Contact listing agent for showings or more information.
Features
Building and Construction
Construction Type: Concrete Block Construction, Frame With Stucco
Floor Description: Tile Floors, Vinyl Floors
Maximum Leasable Sqft: 6252
Num Stories: 2.0000
Roof Description: Other Roof, Comp Shingle Roof
Typeof Building: Commercial
Year Built Description: Resale
Property Information
Property Description: Multi family income property
Transaction Type Mlx: Sale
Typeof Property: Income/Multi-Family
Land Information
Lot Sq Footage: 9466
Total Acreage: 0.2173
Garage and Parking
Num Parking Spaces: 10
Parking Description: Common Parking
Eco-Communities
Water Description: Public Water
Utilities
Cooling Description: Central Building A/C, Central Individual A/C
Electric Service: 110 Volts Power
Fire Protection: Smoke Detector
Num Tenants: 10
Sewer Description: Other Sewer
Utility Expense: 13610
Finance and Tax Information
Dade Assessed Amt Soh Value: 825170
Dade Market Amt Assessed Amt: 825170
Expense Amount: 42654
Insurance Expense: 6604
Net Operating Income: 110646
Security Information: Security Gate, Security Lighting, Security System
Sourceof Expenses: Owner Provided
Tax Year: 2024
Total Expenses: 42654
Total Mortgage: 930000
Trash Expense: 13610
Other Features
Board Identifier: BeachesMLS
Country: United States
Geographic Area: Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700)
Information Available: Copy Of Lease(S), Owner Managed, Rent Rolls, Tax Return
Legal Description: PROGRESSO FIRST ADD 31-35 B LOT 4 BLK 333
Four on Sunrise A Modern Masterpiece in the Heart of Fort Lauderdale **934 NW 4th Ave, Fort Lauderdale, FL** Steps from Sunrise Blvd and just minutes to Las Olas Boulevard Welcome to *Four on Sunris
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