4410 Bougainvilla Drive

Lauderdale by the Sea, 4410 Bougainvilla Drive, 33308

Quick Summary

Property ID
PR1424182746
Price
$2,968,000
Area:
8,343 sq ft

Property Description

No. Units: 14
Lot Size: 11,500 SF
Price/Unit: $212,000 /Unit
Property Type: Multifamily
Property Sub-type: Garden/Low-Rise
Property Use Type: Investment
Commission Split: 2%
Cap Rate: 5.50%
No. Stories: 2
Tax ID/APN: 494318012110
Status: Active

Rarely available & completely remodeled 14 unit (1 bed-1 bath) apartment building for sale in the beautiful seaside resort town of Lauderdale by the Sea.
**Easy to run
**Nice upside potential for higher rents
**Operating annually with potential to rent seasonally for higher revenue
**Walk to beach-Atlantic fishing pier, restaurants & local entertainment
**17 dedicated parking spaces with availability of purchasing parking passes from the town of Lauderdale by the Sea for additional parking located next to property**

Location Description:
Located in Lauderdale by the Sea. When heading into Lauderdale by the Sea east on commercial, make a left of Bougainvilla Drive and property is 50 yards on east side of Bougainvilla. One block before A1A.

Financial Summary / Actual

Year / 2015
Scheduled Gross Income / $211,140
Operating Expenses / $53,635
Net Operating Income / $157,505

Unit Mix Information
Description / No. Units / Avg. Mo. Rent / Sq. Ft.
One bedroom, one bath / 14 / $1,256 / 650

Property Features

  • All units new: bathrooms kitchens appliances flooring new baseboards
  • Beautiful Lauderdale by the Sea-Bougainvilla Drive
  • Easy management
  • Easy to maintain
  • New electrical fixtures new fire alarm new central ac new doors
  • Upside potential for higher revenue
  • Walk two blocks to beach and lbs restaurants

Map

Contact Agent


Similar Properties

ANY INFORMATION CONCERNING DEVELOPMENT PROJECTS OR REAL ESTATE FOR SALE IS NOT INTENDED TO BE AN OFFER TO SELL, OR A SOLICITATION TO BUY, ANY REAL ESTATE TO RESIDENTS OF CT, ID, NJ, NY AND OR, OR IN ANY OTHER JURISDICTION WHERE PROHIBITED BY LAW. Legal Page