831 NW 1st Ave

Fort Lauderdale, 831 NW 1st Ave, 33311

Quick Summary

Price: $266,000
Area:: 2,423 sq ft

Property Description

No. Units: 4
Lot Size: 7,337 SF
Price/Unit: $66,500 /Unit
Property Type: Multifamily
Property Sub-type: Duplex/Triplex/Fourplex
Property Use Type: Investment
Commission Split: 3%
Cap Rate: 9%
Occupancy: 100%
Status: Active

DRIVE BY ONLY. DO NOT DISTURB TENANTS – 4 unit apartment. Annual leases. All units have tile and come equipped with stoves and refrigerators. All units are on the same meter. 9% Cap Rate. Email Lindsey Way for more information.

Location Description:
Progresso Village Fort Lauderdale, FL

Financial Summary / Actual
Net Operating Income / $23,940

Map

Contact Agent

George Coloney

Considered by his peers as an astute businessman, a top-flight salesman and a fierce competitor, George Coloney makes it crystal clear that his clients are getting the best representation available in the business world today. The value added benefits that he offers go beyond his vast experience in negotiations; they go to the heart of what makes a true entrepreneur. After his decorated service in the United States Marine Corps, George embarked on a successful career in the life and health insurance industry, becoming a perennial leader for several major life insurance companies, where he earned designations as a member of “The Million Dollar Round Table” and “The Five Million Dollar Forum”. In 1984, George Coloney built the largest, privately held, public telecommunications in the United States. He founded U.S. Communications, National Telecommunications Consultants Inc, Colonial Systems Inc., Telefonos Publicos de PR Inc., First Canadian Telecom Inc., Hola Communications Inc., and The Coloney Group. With this experience, George Coloney has the background to assist entrepreneurs with the purchase of their own business. In the first five minutes of observing George in a business meeting, you’ll realize that he takes charge. Using skills normally recognized in the world’s most elite salespeople, George Coloney takes a no nonsense approach to selling Real Estate. After all, isn’t a great negotiator and experiences businessman what you are really looking for? Now, as a top agent in the state of Florida and in the top 40 nationally, George is leading the real estate industry specializing in land aggregation, commercial redevelopment and pre-construction opportunities.