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210 NW 12th Avenue,  Fort Lauderdale FL, 33311

(Active)
$2,245,000
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MLS# F10269349
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Last Updated: 3/3/2021 1:07 AM
Description for 210 NW 12th Avenue Fort Lauderdale, FL 33311
14 units concentrated near Downtown Fort Lauderdale. The portfolio is (8) 1 bedroom/1 bathroom apartments, and (6) 2 bedroom/1 bathroom apartments. All of the units are located in Fort Lauderdale and within the Northwest Opportunity Zone. The Year-1 projected average per unit rent across the portfolio is $1,165 per month. This is 27% below the average monthly gross rent in Broward County, creating a tremendous rent growth opportunity for the right buyer. High quality interior renovations have been completed on the majority of units (10) since they were originally acquired. All renovated units at each property have been completed in an identical style and include new high quality flooring, new hardwood kitchen cabinets and countertops, and new wall AC units.
Price
$2,245,000
Dorsey Riverbend
Broward County
F10269349
Active
Description
14 units concentrated near Downtown Fort Lauderdale. The portfolio is (8) 1 bedroom/1 bathroom apartments, and (6) 2 bedroom/1 bathroom apartments. All of the units are located in Fort Lauderdale and within the Northwest Opportunity Zone. The Year-1 projected average per unit rent across the portfolio is $1,165 per month. This is 27% below the average monthly gross rent in Broward County, creating a tremendous rent growth opportunity for the right buyer. High quality interior renovations have been completed on the majority of units (10) since they were originally acquired. All renovated units at each property have been completed in an identical style and include new high quality flooring, new hardwood kitchen cabinets and countertops, and new wall AC units.
Listing Information
Property Type: Other
2 Acres $0 1966
Block
Dorsey Riverbend
Municipal Sewer
0
Neighborhood
Room Information
Interior Features
Tile
Electric, Ceiling Fan(s)
Electric Heating
Tile Floors
Exterior / Lot Features
14 Parking Spaces, 14 space(s)
Block
Built Up
08
1 To Less Than 2 Acre Lot
Driving Directions
14 Units at 2 Properties. 6.87% CAP | 10 YR Leveraged IRR 25.84%. Short Form Offering Memorandum is attached.
Financial Considerations
$23,450
Listing Price History

Fort Lauderdale Real Estate

Fort Lauderdale is located in Florida. Fort Lauderdale, Florida 33311 has a population of 179,497.

The median household income in Fort Lauderdale, Florida 33311 is $33,532. The median household income for the surrounding county is $55,443 compared to the national median of $57,525. The median age of people living in Fort Lauderdale 33311 is 42 years.

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Courtesy: Beckett Realty Advisors, LLC
Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2021 Realtor Association of Greater Ft. Lauderdale. All rights reserved.
This content last refreshed on 3/3/2021 1:07 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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