Portfolio of 12 Condo Units, Lauderhill Multi-Family FOR SALE


Lauderhill, FL
$1,750,000 USD
917-548-3846
, Lauderhill, FL for Sale
$1,750,000 USD
Multi-Family - FOR SALE
1/9
null | 7.77% Cap Rate

Portfolio of 12 Condo Units, Lauderhill
Lauderhill, FL


HIGHLIGHTS

  • Fully Occupied, 0% Vacancy, easy and fast to turn over and rent to new tenants
  • Long term, vetted and good paying tenants in most of the units
  • Great Location, stable neighborhood, updated and well managed building
  • All Units are in mint, updated condition and require very little to none maintenance, which makes it really easy to self-manage
  • Investor friendly Management and Condo Association
  • Market rents, with potential to increase upon renewals

OVERVIEW

Excellent and stable working portfolio of 12 Condo Units in Inverrary Falls, Lauderhill. A healthy combination of 6 one bedroom and 6 two-bedroom units with long term, stable and vetted tenants. Market rents on almost all units. But there is always some room to increase rents upon renewals. All units are in mint condition, with updated flooring and appliances. Minimum maintenance required. This portfolio can be easily self-managed from anywhere in the world. The seller will pass over all contractor information for an easy transition upon sale. No management is required, save up to 8% on management fees. The building is also in great, updated and upgraded condition, with 4.8 reviews on Google, which attracts good tenant pool. Building Management is very investor friendly and makes it easy to screen new tenants without delays. This building is investor paradise. The sale price is unique and low in comparison to neighboring buildings. This deal will not last at the price point of $150k for a 2 bedroom and $130K for a one bedroom unit. Fully occupied. New tenants are easily found within 30 days, which keeps your vacancy rate at 0%. Seller will accept cash offers, conventional, and non-conventional financing (hard money). No seller financing option. Excellent opportunity for new and seasoned investors. Check out Financials below or Attachment document for taxes and maintenance information.

ASK ABOUT THIS PROPERTY

Larissa SahakyanLarissa SahakyanMore Info
917-548-3846

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Larissa SahakyanLarissa SahakyanMore Info
917-548-3846

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