1896 SW 41st Ave - Apartments FOR SALE


Fort Lauderdale, FL 33317
$1,065,000 USD
954-245-3584
1896 SW 41st Ave, Fort Lauderdale, FL for Sale
$1,065,000 USD
Apartments - FOR SALE
1/11
null | 6.03% Cap Rate

1896 SW 41st Ave
Fort Lauderdale, FL 33317


HIGHLIGHTS

  • Close Proximity to US-441, Interstate 595, and Broward Boulevard
  • Property Consists Entirely of Large 2 Bedroom / 1 Bathroom Floorplans
  • Strong Rental Market With Limited Competition
  • Opportunity to Increase Rents to Market Rates

OVERVIEW

Marcus & Millichap, as exclusive listing agents, is pleased to offer for sale Floral Heights (the "Property"), a 4-unit multifamily apartment building located in the Floral Heights sub-market of Fort Lauderdale, Florida. Floral Heights is a two-story, 3,561 square foot building constructed of concrete block in 1974 that is situated on a 0.16-acre lot. The property is made up of four large two-bedroom, one-bathroom units each totaling 890 square feet. The property is located just west of State Road 7 (US-441), between Davie Blvd and Interstate 595, all major thoroughfares that traverse Broward County. The Central Broward County location provides easy access to a wide variety of local amenities, including Downtown Fort Lauderdale, Central Broward Regional Park, and the Thunderbird Swap Shop. Floral Heights offers investors a unique opportunity to acquire a cash-flowing property with four large two-bedroom, one-bathroom units in Fort Lauderdale, Florida. The property benefits from being situated in a well-rounded market with limited competition and is in close proximity to major thoroughfares, including Interstate 595 and Davie Blvd.

FOR SALE DETAILS

PRICE

$1,065,000 USD

PRICE/SF

$299 USD /SF

# OF UNITS

4

PRICE/UNIT

$266,250

CAP RATE

6.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

RM-10

APN/PARCEL ID

50-41-13-03-0240

ASK ABOUT THIS PROPERTY

Daniel CunninghamMarcus & MillichapMore Info
954-245-3584

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Daniel CunninghamMarcus & MillichapMore Info
954-245-3584

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.