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Wilton Manors 7-unit building. Showing tomorrow!



$445,000

SOLD

1811 N DIXIE HIGHWAY #1-7

Fort Lauderdale, FL

  • Zoned Multi family 10 units or lessProperty consists of 7 studios (no kitchens, except 1 unit), 7 bathrooms.
  • Walking distance from Wilton Drive and the best restaurants and bars in town.
  • Actual Rent roll per month is $5100, Gross Income $61,200 per year.
  • At resale price of $445,000 the cap rate is over 10%. - Incredible for this neighborhood (taxes $5500, insurance $2500 estimate)
  • Property has one water and fpl meter which current owner pays. - New owner can charge tenants.
  • Property is wired for individual electric submeters which will allow for seperate fpl accounts
  • Coin laundry on site, additional income of $300 per month.
  • Rent can be raised with the following: adding kitchens and privacy fences to the yards
  • DO NOT DISTURB TENANTS

Documents

 
No Documents for this Property


  • Sale Comps $500K - $550K
  • Rental Comps $5,100 - $5,500
  • Property Type Residential
  • Location Fort Lauderdale, FL
  • Size 2097 sq. ft.
  • Bedrooms 7
  • Bathrooms 7
  • TAV 320K
  • Annual Taxes $5,064
  • Year Built 1965

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