1151 NE 17TH Court
Fort Lauderdale, FL 33305
MLS# B26100393
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Property Details
Bedrooms
Bathrooms
0
Square Feet
7,454
Year Built
1985
Property Type
Multi Family
Status
Active
Description
13-unit multifamily investment opportunity in Fort Lauderdale at 1151 NE 17th Ct. Unit mix includes 11 one-bedroom/one-bath apartments, one studio/one-bath apartment and one three-bedroom/two-bath apartment. Current scheduled rents total $24,450 monthly, or $293,400 annually. Reported trailing 12-month NOI of $197,115 reflects a 6.6% cap rate at the $2,990,000 asking price, approximately $230,000 per unit. Property features include select renovated interiors and laundry income. An opportunity to acquire an income-producing apartment property with a diverse unit mix.
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