Off-Market-Turn-Key-Triplex,-fully-occupied-producing-at-6.8-Cap Apartment Rental at Cash Flow Investors Portal in Florida, USA

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 Off Market Turn Key Triplex, fully occupied producing at 6.8% Cap

  • Apartment
    2448 ft2
    bedroom 6 Bedrooms
    bathroom 8 Baths
  • Rental
    $659,000 0
    Status : Available
    Year Built : 2010
 Description
Buyers,

Here is a triplex producing at almost a 7% cap that needs zero work and fully occupied. It was fully renovated in 2010. You will notice in the pics there are some pics that are from 2007 before it was renovated and still looks in good shape and clean. I'm working on setting up the first showing with the tenants this week so you can come and take a look how it's looking now. Let me know if this property interests you. Regards, Jose.




Address
420 se 18th ct Fort Lauderdale FL 33136

PICTURES


Asking Price
USD 659,000.00


 
County
Broward

Rehab Minimum
USD 0.00

Neighborhood
Croissant Park

Rehab Maximum
USD 0.00

Occupant Info
Unit 1 - $1,600 (2br/2.5ba)
Unit 2 - $1,600 (2br/2.5ba)
Unit 3 - $1,320 (2br/1.5 ba)

All year lease with good tenants.
 
 
Type
Multi Family

ARV Minimum
USD 700,000.00

Number of Units
3

ARV Maximum
USD 800,000.00

Property Make-up
Brand New Construction 2010

Two-Floor Units -Townhouse style

Separate water and electric meters - no expenses

Master En-Suite Bathrooms (Total 5 Bath + 3 Half Bath)

Washer/dryer inside

Parking
 
 
 
 
Estimated Rent
USD 5,100.00

Year Built
2010

Actual Rent
USD 4,520.00

Size
2,448.00
 
 
Lot Size
6,835.00
Deed Restriction
 
Bedrooms
6
Bid Page 2 Additional Terms (obsolete)
 
Bathrooms
8.00
Tax ID Number
504215104180
 
 
Legal Description
CROISSANT PARK 4-28 B LOT 7 BLK 55
Pool
 
Description
Beautiful off market townhouse style building in prime Fort Lauderdale. Property built brand new ground up in 2010. Features CBS, Central A/C, Washer/Dryer, Separate Meters. Fabulous location and great neighborhood, close to downtown and Las Olas
Air Conditioning
Central
 
 
Construction
CBS
 
 
Zoning
 
 
 
Addendum Special Sale Terms
Notwithstanding the foregoing, in the event there is a monetary fine associated with any of the Encumbrances, Seller may elect, at it’s sole discretion, to (1) pay for such fines or provide Buyer a credit equal to or greater than such fines at closing; or (2) grant Buyer the option to either (a) terminate the Agreement; or (b) close on the property subject to such fines. Buyer to assume property with tenants.
 Rehab Work Needed
 General Amenities
 Tags

 Summary

Overview
Off Market Turn Key Triplex, fully occupied producing at 6.8% Cap Rental
$659,000
Property ID: FL200280604
Address: Login to View
City: Fort Lauderdale
State/Province: FL
Zip Code: 33136
Country: USA


Rental Analysis

+ Purchase Price: $659,000
+ Purchase Closing Cost: $19,770
+ Rehab Cost: $0
Total Acquisition Cost: $678,770


+ Annual Potential Rent: $54,240
- Vacancy (3%): $1,627
Annual Gross Income: $52,613
Annual Gross ROI: 7.75%


+ Property Taxes: $0
+ Insurance (6 Months): $0
+ HOA Fees: $0
+ Miscellaneous Expenses: $0
Total Annual Expenses: $0


Monthly Rent: $4,520
Monthly Net Cash Flow: $4,384
Net Operating Income: $52,613
CAP Rate: 7.75%

 Message

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