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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:
52068
Type:
Apartment buildings
Square:
22,761 ft2
Price:
$5,200,000
Exterior Features:
SecurityHighImpactDoors
Property Sub-Type Additional:
MultiFamily
Zoning Description:
RMM-25
Heating:
Central
Cooling:
CentralAir
Construction Materials:
Block
Window Features:
ImpactGlass
Flooring:
Tile, Vinyl
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