Costantini VIP Realty

Serving the Miami-Dade, Broward and Palm Beach Counties

 

Property Description

Great opportunity to get 10+% CAP ~20% Cash on Cash year one on a 100% remodeled property. A newly remodeled five plex, with 5 1/1 Units with 2,848 SF of rentable space, in a 6,752 SF lot located by Holiday Park, one of the city’s most popular public parks, with over 90 acres of land, a couple of blocks from the Bell Sunrise Gallery, the Quantum apartments, and the Beyond Searstown Development, near Galleria Mall, Downtown Fort Lauderdale, and the beaches, ideal and zoned for Airbnb, and right next to the War Memorial Auditorium.rnWith an expected short-term rental yearly income of $230K+ (see AirDNA supported data here) and an NOI of $148K+, it would provide a ~10%+ CoC rate, a levered ~20% CAP rate, and an expected 33% IRR over seven years

Features
: Electric
: Electric
: 5
: Tile
: Less Than 1/4 Acre Lot
: Other
: Public Sewer
Address Details
FL
Broward County
Fort Lauderdale
33304
1037 NE 9th Ave
PROGRESSO
0
Other
: Other
: Other
4
: All Cash, Conventional, Fha, Fha 203k
: Sewer, Trash Collection
1
1
: Quadruplex, Fourplex
$10,384
2021
Multi

Residential Income For Sale

PROGRESSO

1037 NE 9th Ave, Fort Lauderdale, Florida 33304

2,848 Sqft
$1,349,000
Listing ID #A11298761
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : A11298761
Price : $1,349,000
Square Footage : 2,848 Sqft
Year Built : 1959
Building Area : 2,848 Sqft
Status : Active
Property SubType : Quadruplex
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