1916 11th St , for Sale

1916 11th St for Sale

Price $6,200,000.00

• Lot size 26399
• Year Build 1967
• Waterfront
• Zip 33312
• Style
• Parking Description
• Pool Yes
• Status Active

Description

24-unit apartment building. Attractive unit mix (Four 2 Bedrooms and 2 Bath). (Four - 2 Bedrooms and 1 Bath). (Sixteen- 1 Bedroom and 1 Bath). Kings Pointe II Apartments. Highlights. The building has a metal roof that was completed in 2012, and metal roofs have a lifespan of 40 to 70 years. The building also has a 10-year recertification that was completed on 11/03/2020. Stabilized asset boasting 100% occupancy, generates a stable income, with minimal deferred maintenance. With an average effective rent of $1712, an investor has the opportunity to increase rental rates to be competitive within the market as units turn.Additionally new Investor can also increase income by charging back the tenants for utilities usage.

RIVERSIDE PARK 7-24 B LOT 21 TO 24,LOT 25 LESS BEG NE COR LOT 25,W 45 TO POB,CONT W 5,S 110,E 15,NW 110.50 TO POB FOR RD R/W BLK 2

24-unit apartment building. Attractive unit mix (Four 2 Bedrooms and 2 Bath). (Four - 2 Bedrooms and 1 Bath). (Sixteen- 1 Bedroom and 1 Bath). Kings Pointe II Apartments. Highlights. The building has a metal roof that was completed in 2012, and metal roofs have a lifespan of 40 to 70 years. The building also has a 10-year recertification that was completed on 11/03/2020. Stabilized asset boasting 100% occupancy, generates a stable income, with minimal deferred maintenance. With an average effective rent of $1712, an investor has the opportunity to increase rental rates to be competitive within the market as units turn.Additionally new Investor can also increase income by charging back the tenants for utilities usage.

City:Fort Lauderdale,Zoning:RD-15,List A O R:A-Miami Association of REALTORS,Latitude:26.1083157,List Price:6200000,Listing Id:A11587494,Longitude:-80.1670463,Mls Status:Active,Year Built:1967,Postal Code:33312,Street Name:11th St,Coordinates:1:26.1083157,Photos Count:31,Business Type:1:Residential-Multi-Family,Days On Market:77,Lot Size Units:Square Feet,M I A M I R E_ Area:3990,On Market Date:2024-05-07,Parcel Number:504209120310,Property Type:Commercial Sale,Street Number:1916,Public Remarks:24-unit apartment building. Attractive unit mix (Four 2 Bedrooms and 2 Bath). (Four - 2 Bedrooms and 1 Bath). (Sixteen- 1 Bedroom and 1 Bath). Kings Pointe II Apartments. Highlights. The building has a metal roof that was completed in 2012, and metal roofs have a lifespan of 40 to 70 years. The building also has a 10-year recertification that was completed on 11/03/2020. Stabilized asset boasting 100% occupancy, generates a stable income, with minimal deferred maintenance. With an average effective rent of $1712, an investor has the opportunity to increase rental rates to be competitive within the market as units turn.Additionally new Investor can also increase income by charging back the tenants for utilities usage.,County Or Parish:Broward County,List Office Name:Coldwell Banker Realty,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:3286,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:SW,Tax Annual Amount:97361,Unparsed Address:1916 SW 11th St, Fort Lauderdale FL 33312,Listing Agreement:Exclusive Right To Sell,Building Area Total:16911,Building Area Units:Square Feet,Lot Size Square Feet:26399,Original List Price:6700000,Previous List Price:6500000,Public Survey Range:50,I D X Participation Y N:1,Syndication Remarks:24-unit apartment building. Attractive unit mix (Four 2 Bedrooms and 2 Bath). (Four - 2 Bedrooms and 1 Bath). (Sixteen- 1 Bedroom and 1 Bath). Kings Pointe II Apartments. Highlights. The building has a metal roof that was completed in 2012, and metal roofs have a lifespan of 40 to 70 years. The building also has a 10-year recertification that was completed on 11/03/2020. Stabilized asset boasting 100% occupancy, generates a stable income, with minimal deferred maintenance. With an average effective rent of $1712, an investor has the opportunity to increase rental rates to be competitive within the market as units turn.Additionally new Investor can also increase income by charging back the tenants for utilities usage.,Listing Contract Date:2024-05-07,Originating System I D:miamire,Street Number Numeric:1916,Tax Legal Description:RIVERSIDE PARK 7-24 B LOT 21 TO 24,LOT 25 LESS BEG NE COR LOT 25,W 45 TO POB,CONT W 5,S 110,E 15,NW 110.50 TO POB FOR RD R/W BLK 2,Public Survey Township:50,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2%,M I A M I R E_ Internet Remarks:1916 SW 11 STREET, FORT LAUDERDALE FL 33312,Contract Status Change Date:2024-05-07,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Dual Variable Compensation Y N:1,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,