833 SW 30th Street Fort Lauderdale, FL 33315
$1,150,000 · 8 Units · Multifamily For Sale
This Fort Lauderdale FL Apartment Property is Off-Market.
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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)
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