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%
No. Stories: 1
Year Built: 1974
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.
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
- 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.