4410 Bougainvilla Drive

Florida, 4410 Bougainvilla Drive, 33308

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


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