1916 SW 11th St
Fort Lauderdale
Florida
United States
33312

Fort Lauderdale, Florida, United States

MLS#: A11587494

$6,200,000 USD

Listed By Coldwell Banker Realty

The Commercial for Sale located at 1916 SW 11th St Fort Lauderdale Florida 33312 is currently for Sale, 1916 SW 11th St Fort Lauderdale Florida 33312 is listed for $6,200,000. If the property located at 1916 SW 11th St Fort Lauderdale Florida 33312 isn't what you're looking for, search Florida Real Estate to see other Commercial for Sale in Fort Lauderdale .

The details

Property features

Date Updated: Aug 28, 2024

Construction details

Year built
1967
Virtual Tour

Description

24-unit apartment building. Motivated owners/seller!
Attractive unit mix (Four 2 Bedrooms and 2 Bath). (Four - 2 Bedrooms and 1 Bath). (Sixteen- 1 Bedroom and 1 Bath).
Kings Pointe II Apartments. Highlights.
The building has a metal roof that was completed in 2012, and metal roofs have a lifespan of 40 to 70 years.
The building also has a 10-year recertification that was completed on 11/03/2020.
Stabilized asset boasting 100% occupancy, generates a stable income, with minimal deferred maintenance.
With an average effective rent of $1712, an investor has the opportunity to increase rental rates to be competitive within the market as units turn.Additionally new Investor can also increase income by charging back the tenants for utilities usage.

Location

1916 SW 11th St
Fort Lauderdale
Florida
United States
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