This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

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. A list of local vetted contractors is available upon request of the buyer. The building is 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 lower than in neighboring buildings. Fully occupied. New tenants are easily found within 30 days, which keeps your vacancy rate almost 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 $265,200
Other Income $1,000
Vacancy Loss -
Effective Gross Income $266,200
Taxes $34,337
Operating Expenses $89,484
Total Expenses $123,821
Net Operating Income $142,379

Taxes & Operating Expenses (Actual - 2024)

Gross Rental Income
Annual $265,200
Other Income
Annual $1,000
Vacancy Loss
Annual -
Effective Gross Income
Annual $266,200
Taxes
Annual $34,337
Operating Expenses
Annual $89,484
Total Expenses
Annual $123,821
Net Operating Income
Annual $142,379

Property Facts

Price $1,750,000
Price / SF $943.91 / SF
Sale Conditions Bulk/Portfolio Sale
Cap Rate 8.14%
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 822 SF 1978 -
Inverrary Gardens I
4220 Inverrary Blvd, Lauderhill, FL 33319
Retail Condo 1,032 SF 1978 -
Show More > < Show Less

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
  • Listing ID: 31222945

  • Date on Market: 3/14/2024

  • Last Updated:

  • Address: Portfolio of 12 Condo Units, Lauderhill, Lauderhill, FL

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}