426 14th Ave,Attached, Quadruplex, Quadruplex, Fourplex, Bulk 42-unit Portfolio

426 14th Ave, Fort Lauderdale, Florida, 33311

Price $8,450,000.00

  • Lot size 3648
  • Year Build 1964
  • Waterfront
  • Zip 33311
  • Style Attached
  • Parking Description
  • Pool Yes
  • Status Active

Description

Native Realty is proud to present this rare opportunity to acquire a large multifamily portfolio predominately in South Florida. The portfolio consists of 21 single family houses, and a combination 21 multi-units. Single family houses have become increasingly scarce in supply due to the recent housing demand and are considered highly desirable assets. The portfolio has been partially upgraded, and represents a value add opportunity to improve all of the units and stabilize the portfolio at market rates. Several of the properties are located in Opportunity Zone?s and can benefit from the Opportunity Zone tax incentives. *See Supplemental Remarks for a list of property addresses*

Multi-Family Portfolio of 48 Units For Sale! 7.69% Cash on Cash Cap Rate!

FIRST ADD TO TUSKEGEE PARK 9-65 B LOT 36 TO 38 BLK 7

Less Than 1/4 Acre Lot

Native Realty is proud to present this rare opportunity to acquire a large multifamily portfolio predominately in South Florida. The portfolio consists of 21 single family houses, and a combination 21 multi-units. Single family houses have become increasingly scarce in supply due to the recent housing demand and are considered highly desirable assets. The portfolio has been partially upgraded, and represents a value add opportunity to improve all of the units and stabilize the portfolio at market rates. Several of the properties are located in Opportunity Zone?s and can benefit from the Opportunity Zone tax incentives. *See Supplemental Remarks for a list of property addresses*

City:Fort Lauderdale,Zoning:RES,Cooling:1:Central Air,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2020,Flooring:1:Tile,Latitude:26.1271031,Malone Id:1041874144,Cooling Y N:1,Heating Y N:1,List Price:8450000,Listing Id:A11032559,Longitude:-80.1591463,Mls Status:Active,Year Built:1964,Living Area:3632,Postal Code:33311,Street Name:14th Ave,Coordinates:1:26.1271031,Photos Count:19,Building Name:BULK 42-UNIT PORTFOLIO,Days On Market:182,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M L S Area Major:Bulk 42-unit Portfolio,On Market Date:2021-04-12,Parcel Number:504204061660,Parking Total:4,Property Type:Residential Income,Stories Total:1,Street Number:426,M I A M I R E_ Style:Fourplex,Public Remarks:Native Realty is proud to present this rare opportunity to acquire a large multifamily portfolio predominately in South Florida. The portfolio consists of 21 single family houses, and a combination 21 multi-units. Single family houses have become increasingly scarce in supply due to the recent housing demand and are considered highly desirable assets. The portfolio has been partially upgraded, and represents a value add opportunity to improve all of the units and stabilize the portfolio at market rates. Several of the properties are located in Opportunity Zone?s and can benefit from the Opportunity Zone tax incentives. *See Supplemental Remarks for a list of property addresses*,Structure Type:1:Fourplex,County Or Parish:Broward County,Expiration Date:2021-10-12,Private Remarks:Multi-Family Portfolio of 48 Units For Sale! 7.69% Cash on Cash Cap Rate!,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:7974,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:BULK 42-UNIT PORTFOLIO,Tax Annual Amount:12930,Unparsed Address:426 NW 14th Ave, Fort Lauderdale FL 33311,Listing Agreement:Exclusive Agency,Year Built Details:Unknown,Building Area Total:3648,Building Area Units:Square Feet,Lot Size Square Feet:3648,M I A M I R E_ L P Amt Sq Ft:2326.5419,Original List Price:9750000,Previous List Price:9395000,Public Survey Range:50,Documents Available:1:Other Available Information,2:Rent Rolls,I D X Participation Y N:1,Number Of Units Total:42,Showing Contact Type:1:Call Listing Office,Syndication Remarks:Native Realty is proud to present this rare opportunity to acquire a large multifamily portfolio predominately in South Florida. The portfolio consists of 21 single family houses, and a combination 21 multi-units. Single family houses have become increasingly scarce in supply due to the recent housing demand and are considered highly desirable assets. The portfolio has been partially upgraded, and represents a value add opportunity to improve all of the units and stabilize the portfolio at market rates. Several of the properties are located in Opportunity Zone?s and can benefit from the Opportunity Zone tax incentives. *See Supplemental Remarks for a list of property addresses*,Listing Contract Date:2021-04-12,Originating System I D:miamire,Showing Instructions:Call Listing Agent,Call Listing Office,Street Number Numeric:426,Tax Legal Description:FIRST ADD TO TUSKEGEE PARK 9-65 B LOT 36 TO 38 BLK 7,Public Survey Township:50,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:3%,M I A M I R E_ Adjusted Area S F:7296,Contract Status Change Date:2021-04-12,Number Of Units In Community:1,Transaction Broker Compensation:3%,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:2326.54,

  • Price $8,450,000.00
  • Price Change: 2021-07-28
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1964
  • Waterfront
  • View
  • Pool Yes
  • Style Attached
  • Construction CBS Construction
  • Parking Description
  • Flooring Type Carpet, Tile
  • Property Type Residential Income
  • Status Active
  • Listed 2021-07-28
  • Days on Market 181
  • Furnished
  • City Fort Lauderdale
  • Zip 33311
  • State Florida
  • Subdivision BULK 42-UNIT PORTFOLIO
  • Development Name BULK 42-UNIT PORTFOLIO, Bulk 42-unit Portfolio
  • HOA Fees
  • Taxes 12930
  • Taxes Year 2020