2889 SW 16th St

Fort Lauderdale, 2889 SW 16th St, 33312

Quick Summary

Property ID
PR1865071694
Price
$450,000
Area:
2,180 sq ft

Property Description

No. Units: 12
Lot Size: 8,760 SF
Price/Unit: $37,500 /Unit
Property Type: Multifamily
Property Sub-type: Garden/Low-Rise
Property Use Type: Investment
Commission Split: 2.50%
Cap Rate: 10%
Occupancy: 100%
Tax ID/APN: 5042 17 04 0320
Status: Active

Grandfathered in, state licensed rooming house in residential area. 12 units, all rented. Tenants pay weekly and monthly. ***No Evictions needed, state license allows immediate removal of non paying guests by the Sheriffs office**** Features:-New Roof-New Impact Windows-New bathrooms-New common areas-New A/Cs-New 4 camera surveillance system, with remote viewing-New Interior Room doors

Location Description:
West of 95, south of Davie Blvd., just east of 31st.

Financial Summary / Actual
Net Operating Income / $47,025

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