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Income/MultiFamily - for Sale

335 SW 20TH ST, FORT LAUDERDALE, FL 33315

Asking Price$4,900,000 Change Price$400,000

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  • Lot size 22000sqft
  • Taxes $32,000
  • Year Built 1975
  • Days on market:

    93 day(s)
  • Original Price:

    $4,650,000
  • Tax Legal Description:

    LAUDERDALE 2-9 D LOT 17,18 W1/2 BLK 94
  • Property Type:

    Income/MultiFamily
  • Lease Term Remaining:

    Annual Lease
  • Cooling Description:

    Central Individual A/C
  • Heating Description:

    Central Individual A/C
  • Floor Description:

    TileVinyl
  • Special Listing Conditions:

    Sale

Description

$4,900,000

New to market extensively renovated apartment complex completed in 2022 producing $423k gross on annual leases, $289,617k net @ 6.5% cap properly underwritten on sale-price taxes, expenses, vacancy & maintenance 14 large units with 26 bedrooms, 80 windows, private yards, 23 parking spots. 10,000sqft, 3 lots totaling half an acre impact windows & doors, kitchens, railings, plumbing & driveway paving 2019 hvac & updated electric & new roof with 20 year warranty 40 year certification in 2019 4 point wind inspection 2023 located in a million-dollar home neighborhood, on 4th avenue, very close to near downtown las olas, international airport & shipyard, marina mile yacht industry. high demand area for airline & ship workers, stewardesses, traveling nurses, remote workers.
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