1471 NW 20th Court

Fort Lauderdale, 1471 NW 20th Court, 33311

Quick Summary

Property ID
PR1280405412
Price
$257,000
Area:
2,052 sq ft

Property Description

No. Units: 3
Lot Size: 7,500 SF
Price/Unit: $85,666.67 /Unit
Property Type: Multifamily
Property Sub-type: Duplex/Triplex/Fourplex
Property Use Type: Investment
Commission Split: 2.50%
Cap Rate: 8%
Occupancy: 100%
No. Stories: 1
Year Built: 1974
Status: Active

This is an opportunity to purchase a triplex in good condition adjacent to Mills Pond Park. The triplex consists of two 1/1s, and one 2/2. The rents are currently under-market and there is one vacant unit. We are keeping that unit vacant to facilitate showings, and raise rents.

Location Description:
This is a high volume rental community that is quiet, and predominantly multi-family properties with large lots. Mills Pond Park is just east of 95, and north of Sunrise. Just a few miles from Wilton Manors and downtown.

Financial Summary / Proforma
Year / 2015
Scheduled Gross Income / $31,800
Operating Expenses / $7,800
Net Operating Income / $24,000

Property Features

  • Building is in good condition with a roof replacement in 2008 and no deferred maintenance.
  • Laundry hookups are available for owner to put in a coin machine and increase income.
  • Rents are currently below market presenting a value add property.
  • Separate meters.

Map

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