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Fort Lauderdale FL Apartment Building For Sale

833 SW 30th Street Fort Lauderdale, FL 33315

$1,150,000 · 8 Units · Multifamily For Sale

Woodlawn Apartments For Sale in Broward County

Price $1,150,000 Cap Rate 6%
No. Units 8 Occupancy 100%
Building Size 8,484 SF No. Stories 2
Price per Unit $143,750 Year Built 1971
Property Type Multifamily Lot Size 9,500 SF
Property Sub-type Garden – Low-Rise APN / Parcel ID 50-42-22-16-0260
Property Use Type Investment Parking Ratio 1.38 / 1,000 SF

 

Multfamily Property Description

This property is know as the Woodlawn Apartments. The Woodlawn Apartments is a two-story, sturdy concrete block constructed eight-unit complex located in Fort Lauderdale. This is situated in Broward County, Florida. The asset has eight, two-bedroom – one-bathroom units measuring approximately 800 rentable square feet. The apartments have tile flooring, and are equip ed with central air-conditioning and renovated interiors.

The Woodlawn Apartments offers an investor an attractive rate of return for such a well-located and well-kept asset compared to what can be found on the market today. With interest rates near historic lows, Woodlawn Apartments is being offered at a capitalization rate of 6 percent at the list price of $1,150,000. The Pro Forma capitalization rate is over 6.5 percent.

The Woodlawn Apartments is sited in the Edgewood submarket of Fort Lauderdale, just south of Marina Mile Boulevard and just north of Snyder Park. The community is also east of Interstate-95 and west of US1 & A1A.

Highlights of Rental Properties For Sale

  • All Large 2BR – 1BA Units of 800+SF
  • Most Units Renovated with Updated Cabinetry and Appliances
  • Community Boasts Well-Maintained, Private Courtyard
  • All Units Equipped with Tile Floors and Central Air-Conditioning
  • Well-Kept Complex with Gated Access
  • Laundry Facilities On-Site

Financial Summary of Fort Lauderdale Apartment Building (Actual)

Net Operating Income $69,000

Research

833 SW 30th St, Fort Lauderdale, FL 33315 (Broward County)

Listing information courtesy of Marcus & Millichap. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, solely to identify potential properties for potential purchase.

Please feel free to contact us to get more information on this Apartment Complex for sale or other Florida Multifamily Buildings for sale.