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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
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 -
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

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