Basic Information
- MLS # A10782585
- Type Multi Family
- Status Closed
- Year Built 1978
- Total Sqft 7,500
- Date Listed 12/04/2019
- Days on Market 79
Opportunity to purchase a 5-unit multifamily building located in the Coral Ridge Isles neighborhood of Fort Lauderdale. Currently 100% leased, the property benefits from frontage directly on 18th Avenue with 15,600 cars a day. The Property is comprised of 4 1/1's and 1 studio with two of the units having renovated kitchens. Additionally, the Property is of CBS construction with a/c wall units (1 central), a shingle roof, shared laundry and private unit patios. The next owner can capitalize on the under-market rents and potentially experience significant upside by raising rents to market rates. The asking price of $595,000 or $119,000 per unit, equates to a 5.27% cap rate on current "in-place" NOI. Do not disturb Tenants!
Amenities
Exterior Features
- Waterfront No
- Parking Spaces 0
- Pool No
- Parking Description Assigned, Common, Free Parking
- Style Multi Family
Interior Features
- Adjusted Sqft 7,500Sq.Ft
- Cooling Description Central Air, Wall Window Units
- Floor Description Tile
- Sqft 7,500 Sq.Ft
Property Features
- Address 5941 NE 18th Ave #1-5
- Aprox. Lot Size 7,500
- Furnished Info no
- Listing Terms Cash
- Subdivision Complex
- Subdivision Info
- Tax Amount $10,197
- Tax Legal desc CORAL RIDGE ISLES 45-47 B LOT 2 BLK 9
- Tax Year 0
- Terms Considered Cash
- Type of Property Multi Family
5941 NE 18th Ave #1-5
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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Meridian Commercial. tel: 754-900-1900
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