2561-2611 NW 56th AveLauderhill, FL 33313

Property Details for 2561-2611 NW 56th Ave

Year built

1988

Property type

Residential income properties

Property subtype

Other investment properties

Description

UNIT MIX: 36 Units (18) 2 Bedroom/1 Bathroom & (18) 2 Bedroom/2 Bathroom LOCATION: 5-minute walk from Oakland Park Blvd retail centers, which include national retailers such as Publix, Truist, Pollo Tropical, etc. SALE PRICE: $7,940,000 ($220K/Unit) BUILDING FEATURES: Up-to-date appliances, lakeview, 18 storage units, assigned parking for each unit, all units have individual central A/C, each unit has washer and dryer OWNERSHIP ADVANTAGE: This investment has multiple exit strategies due to the owner controlling 100% of the units in the HOA RENTAL UPSIDE: 10% upside in rents with yearly leases fully occupied OWNER EQUITY: Owner has equity in a shared lot of land owned by the Master Association

Location Insight

City

Lauderhill

County

State

Florida

Latitude

26.1554

Longitude

-80.2255

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