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Description
Exceptional investment opportunity featuring 17 stabilized, fully leased townhomes within a 38-unit residential community in Fort Lauderdale, FL. Most units include newer central A/C systems for long-term durability and tenant satisfaction. Mix of 1-car and 2-car garages enhances tenant appeal and functionality. Seller holds valuable Builder Rights, granting full control over the HOA and strategic influence over community operations. Tenants pay for their own water and electricity, providing operational efficiency and reduced owner expenses. Strong in-place rental income, minimal management requirements, and a prime location near major highways, schools, shopping, and vibrant Downtown Fort Lauderdale.
Overview
Property ID:
52067
Type:
Apartment buildings
Square:
1,250 ft2
Price:
$5,200,000
Lot Features:
LessThanOneAcre
Architectural Style:
Fourplex
Property Sub-Type Additional:
Quadruplex
Zoning Description:
RMM-25
Heating:
Central
Cooling:
CentralAir, CeilingFans
Construction Materials:
Block
Flooring:
Vinyl
TaxAnnualAmount:
5580
Featured properties
The Most Recent Estate
selling
Partially Verified
Apartment buildings
6 days ago
$5,200,000
Fort Lauderdale, Florida
Selling