Portfolio of 12 Condo Units, Lauderhill
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Portfolio of 12 Condo Units, Lauderhill
2 Retail Properties Offered at $1,750,000 in Lauderhill, FL
Investment Highlights
- Fully Occupied, 0% Vacancy, easy and fast to turn over and rent to new tenants
- Great Location, stable neighborhood, updated and well managed building
- Investor friendly Management and Condo Association
- Long term, vetted and good paying tenants in most of the units
- All Units are in mint, updated condition and require very little to none maintenance, which makes it really easy to self-manage
- Market rents, with potential to increase upon renewals
Executive Summary
Excellent and stable working portfolio of 12 Condo Units in Inverrary Falls, Lauderhill. A healthy combination of 6 one bedroom and 6 two-bedroom units with long term, stable and vetted tenants. Market rents on almost all units. But there is always some room to increase rents upon renewals. All units are in mint condition, with updated flooring and appliances. Minimum maintenance required. This portfolio can be easily self-managed from anywhere in the world. The seller will pass over all contractor information for an easy transition upon sale. No management is required, save up to 8% on management fees. The building is also in great, updated and upgraded condition, with 4.8 reviews on Google, which attracts good tenant pool. Building Management is very investor friendly and makes it easy to screen new tenants without delays. This building is investor paradise. The sale price is unique and low in comparison to neighboring buildings. This deal will not last at the price point of $150k for a 2 bedroom and $130K for a one bedroom unit. Fully occupied. New tenants are easily found within 30 days, which keeps your vacancy rate at 0%. Seller will accept cash offers, conventional, and non-conventional financing (hard money). No seller financing option. Excellent opportunity for new and seasoned investors. Check out Financials below or Attachment document for taxes and maintenance information.
Data Room Click Here to Access
Taxes & Operating Expenses (Actual - 2024) |
Annual |
---|---|
Gross Rental Income | $258,000 |
Other Income | $2,000 |
Vacancy Loss | - |
Effective Gross Income | $260,000 |
Taxes | $34,337 |
Operating Expenses | $87,768 |
Total Expenses | $122,105 |
Net Operating Income | $137,895 |
Taxes & Operating Expenses (Actual - 2024)
Gross Rental Income | |
---|---|
Annual | $258,000 |
Other Income | |
---|---|
Annual | $2,000 |
Vacancy Loss | |
---|---|
Annual | - |
Effective Gross Income | |
---|---|
Annual | $260,000 |
Taxes | |
---|---|
Annual | $34,337 |
Operating Expenses | |
---|---|
Annual | $87,768 |
Total Expenses | |
---|---|
Annual | $122,105 |
Net Operating Income | |
---|---|
Annual | $137,895 |
Property Facts
Price | $1,750,000 | Status | Active |
Price / SF | $943.91 / SF | Number of Properties | 2 |
Sale Conditions | Bulk/Portfolio Sale | Individually For Sale | 0 |
Cap Rate | 7.77% | Total Building Size | 1,854 SF |
Sale Type | Investment |
Price | $1,750,000 |
Price / SF | $943.91 / SF |
Sale Conditions | Bulk/Portfolio Sale |
Cap Rate | 7.77% |
Sale Type | Investment |
Status | Active |
Number of Properties | 2 |
Individually For Sale | 0 |
Total Building Size | 1,854 SF |
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
Inverrary Gardens I
4220 Inverrary Blvd, Lauderhill, FL 33319 |
Retail Condo | 1,032 SF | 1978 | - |
Inverrary Gardens I
4220 Inverrary Blvd, Lauderhill, FL 33319 |
Retail Condo | 822 SF | 1978 | - |
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Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Tub/Shower
- Deck
- Freezer
Site Amenities
- Controlled Access
- Laundry Facilities
- Pool
- Tennis Court
- Gated
- Disposal Chutes
- Elevator
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Presented by
Larissa Sahakyan
Portfolio of 12 Condo Units, Lauderhill
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