1407 NW 11 COURT

Fort Lauderdale, 1407 NW 11 COURT, 33312

Quick Summary

Property ID
PR876701737
Price
$6,384,135
Area:
49,987 sq ft

Property Description

Property Details:

No. Units: 52
Price/Unit: $122,771.83 /Unit
Property Type: Multifamily
Property Sub-type: Garden/Low-Rise
Property Use Type: Investment
Commission Split: 0.75%
Cap Rate: 7.41%
No. Stories: 1
Status: Active
Financial / Actual
Effective Gross Income / $586,783
Operating Expenses / $113,554
Net Operating Income / $473,229

Capital Commercial Real Estate Group is pleased to offer a unique investment opportunity to acquire 52 rental streams of income from 27 single family homes, 3 duplexes, 2 triplexes, 2 fourplexes and one five unit building located in bustling Broward County in the famous City of Fort Lauderdale. This portfolio offering provides an opportunity to allow an investor to diversify, while gaining economy of scale in a product starved market. The portfolio is usually 100% leased. The entire portfolio generates a net operating income of $473,179. With some minor sprucing up, it is our opinion that rents could be increased by at least 9.5% which equals upside in the amount of $668,838. In view of the fact that 32 of the 52 tenant’s rent is guaranteed by Section 8, collections are a breeze.

All properties are located in Ft. Lauderdale, Broward County, FL.

Property Features

• Composed of homes, duplexes, triplexes and fourplexes
• Buy wholesale
• Sell off individually
• 32 of the 52 tenants are section 8

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