4512 Bougainvilla Drive

Florida, 4512 Bougainvilla Drive, 33308

Property Description

Property Details:

No. Units: 9
Price/Unit: $211,111.11 /Unit
Property Type: Multifamily
Property Sub-type: Garden/Low-Rise
Property Use Type: Investment
Commission Split: 3%
Cap Rate: 8%
No. Stories: 1
Year Built: 1967
Tax ID/APN: 494318012280
Status: Active

8% Cap Rate! Pristine complex situated two blocks from the ocean in the heart of beautiful seaside town. These first class boutique style vacation residences generate rave reviews and stellar income! Renovations include roof replacement, impact windows, central air conditioners, remodeled kitchens & baths, and designer style furnishings. Courtyard landscaping and niche patios create beautiful ambiance.Please do not visit property or disturb occupants. Enjoy photo imagery and call for appointment to see.

Situated between Intracoastal Waterway and the Atlantic Ocean just north of Commercial Boulevard. Please note property is in the City of Lauderdale By The Sea.

Financial Summary / Actual
Year / 2014
Effective Gross Income / $232,323
Operating Expenses / $87,017
Net Operating Income / $145,306

Unit Mix Information:
Description / No. Units
Efficiency apartment / 3
One bedroom, One bath apartment / 3
One bedroom, Two bath apartment / 1
Two bedroom, Two bath apartment / 2

Property Features

• 8% Cap Rate!
• Beautifully landscaped courtyard and patios
• Two blocks from the Beach
• Rave reviews for these vacation rentals
• First class renovations and furnishings
• Stellar income

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