1016 17th Ave #1-5 ,Residential-multi-family for Sale

1016 17th Ave #1-5 for Sale

Price $1,500,000.00

• Lot size 6751
• Year Build 1959
• Waterfront
• Zip 33304
• Style
• Parking Description Assigned
• Pool Yes
• Status Active

Description

Amazing opportunity to purchase a turnkey 5 units multi-family apartment building. Located in highly desired Lakeridge neighborhood. Just 1.5 miles to Fort Lauderdale's famous sandy Beach! All new hurricane impact windows! All units have been completely renovated: New kitchens! New bathrooms! New flooring! New mini split AC units! New appliances! Washer/Dryer room ready for additional income potential. Privacy fence and assigned yard space for each unit. Next to a vacant lot with future development potential. Run it as an Airbnb and enjoy over 10%+ CAP Rate.. Current asking price reflects almost 6% NET Cap rate! Don't wait, this one won't last! So much opportunity! 5 parking spaces and additional off-street parking. Call now to submit your offers!! *Could easily be converted to 6 units*

For quickest response call listing agent David 754-368-8410. Income, Expense, Improvements have been listing under the additional documents tab. No showings without an offer. Please do NOT disturb Tenants. Property is Gated. Thank You!

PROGRESSO 2-18 D LOT 17 BLK 168

Amazing opportunity to purchase a turnkey 5 units multi-family apartment building. Located in highly desired Lakeridge neighborhood. Just 1.5 miles to Fort Lauderdale's famous sandy Beach! All new hurricane impact windows! All units have been completely renovated: New kitchens! New bathrooms! New flooring! New mini split AC units! New appliances! Washer/Dryer room ready for additional income potential. Privacy fence and assigned yard space for each unit. Next to a vacant lot with future development potential. Run it as an Airbnb and enjoy over 10%+ CAP Rate.. Current asking price reflects almost 6% NET Cap rate! Don't wait, this one won't last! So much opportunity! 5 parking spaces and additional off-street parking. Call now to submit your offers!! *Could easily be converted to 6 units*

City:Fort Lauderdale,Zoning:RMM-25,List A O R:A-Miami Association of REALTORS,Stories:1,Latitude:26.1380891,List Price:1500000,Listing Id:A11370124,Longitude:-80.125564,Mls Status:Active,Year Built:1959,Inclusions:Building & Land,Postal Code:33304,Street Name:17th Ave,Tenant Pays:1:Water,Unit Number:1-5,Coordinates:1:26.1380891,Photos Count:39,Days On Market:1,Listing Terms:1:Conventional/Refinance,2:Owner Will Carry,Lot Size Units:Square Feet,On Market Date:2023-04-11,Parcel Number:494234045401,Parking Total:5,Property Type:Commercial Sale,Stories Total:1,Street Number:1016,Public Remarks:Amazing opportunity to purchase a turnkey 5 units multi-family apartment building. Located in highly desired Lakeridge neighborhood. Just 1.5 miles to Fort Lauderdale's famous sandy Beach! All new hurricane impact windows! All units have been completely renovated: New kitchens! New bathrooms! New flooring! New mini split AC units! New appliances! Washer/Dryer room ready for additional income potential. Privacy fence and assigned yard space for each unit. Next to a vacant lot with future development potential. Run it as an Airbnb and enjoy over 10%+ CAP Rate.. Current asking price reflects almost 6% NET Cap rate! Don't wait, this one won't last! So much opportunity! 5 parking spaces and additional off-street parking. Call now to submit your offers!! *Could easily be converted to 6 units*,County Or Parish:Broward County,Expiration Date:2023-10-11,List Office Name:MLS Brokers LLC,Private Remarks:For quickest response call listing agent David 754-368-8410. Income, Expense, Improvements have been listing under the additional documents tab. No showings without an offer. Please do NOT disturb Tenants. Property is Gated. Thank You!,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2459,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NE,Tax Annual Amount:13774,Unparsed Address:1016 NE 17th Ave # 5, Fort Lauderdale FL 33304,Listing Agreement:Exclusive Right To Sell,Building Area Total:2779,Building Area Units:Square Feet,Lot Size Square Feet:6751,Number Of Buildings:1,Original List Price:1500000,Public Survey Range:49,I D X Participation Y N:1,Syndication Remarks:Amazing opportunity to purchase a turnkey 5 units multi-family apartment building. Located in highly desired Lakeridge neighborhood. Just 1.5 miles to Fort Lauderdale's famous sandy Beach! All new hurricane impact windows! All units have been completely renovated: New kitchens! New bathrooms! New flooring! New mini split AC units! New appliances! Washer/Dryer room ready for additional income potential. Privacy fence and assigned yard space for each unit. Next to a vacant lot with future development potential. Run it as an Airbnb and enjoy over 10%+ CAP Rate.. Current asking price reflects almost 6% NET Cap rate! Don't wait, this one won't last! So much opportunity! 5 parking spaces and additional off-street parking. Call now to submit your offers!! *Could easily be converted to 6 units*,Listing Contract Date:2023-04-11,Originating System I D:miamire,Public Survey Section:34,Street Number Numeric:1016,Tax Legal Description:PROGRESSO 2-18 D LOT 17 BLK 168,Public Survey Township:49,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:1%,Contract Status Change Date:2023-04-11,Internet Address Display Y N:1,Number Of Units In Community:5,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,