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1150 Ne 17th Court, Fort Lauderdale, FL 33305

$13,249,000

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List Price: $13,249,000
MLS#: B26085867
Status: ACTIVE
Type: Commercial

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Property Description

EXCEPTIONAL FORT LAUDERDALE MULTIFAMILY INVESTMENT OPPORTUNITY! Income-producing 55-unit portfolio consisting of three multifamily properties in desirable East Fort Lauderdale. ALL THREE PROPERTIES MUST BE PURCHASED TOGETHER. Offered at $13,249,000 ($240,891 per unit) with a stated 5.50% CAP RATE and average monthly rent of $1,871 per unit. Portfolio includes: 1150 NE 17th Ct (16 units, Folio #494235040010), 1151 NE 17th Ct (13 units, Folio #494235041760), and 1401 NE 17th Ct (26 units, Folio #494235420010), Fort Lauderdale, FL 33305. Conveniently located near Wilton Manors, Downtown Fort Lauderdale, shopping, dining, major roadways, and beaches. Excellent opportunity to acquire a substantial multifamily investment portfolio in a desirable rental market.

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Additional Information

Days on Market: 1
Tax Amount: $49,087
Water Access: Building Only, Business And Building
Parcel Number: 494235040010
Lot Size: 18,334
Address: 1150 Ne 17th Court, Fort Lauderdale
Year Built: 1974