Cash Cow in the heart of Victoria Park, 10-unit complex contains eight 1/1's plus two 2/2's with 12 parking spots. Currently 100% rented at below-market rates, this property is generating $117,120 income per year with expenses of $32,471 (Approximately $5,400 water, $2,532 trash, $3,180 water, $600 lawn care, $3,100 insurance, $17,659 taxes) netting approximately $84,650.00. Once renovated, including addition of central a/c & a w/d in each unit, this project could generate around $180K/yr. Zoning appears to allow 7 town homes based on lot size of 13,500 SF, zoned RMM-25 (buyer to verify with city of Fort Lauderdale). Roofs have just been coated with elastomeric coating in 2019. *Please do not walk the property, all units are occupied, interior inspections may be done once under contract.
|Price Reduced from $1,775,000 to $1,750,000|
|Price Reduced from $1,875,000 to $1,775,000|
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