Cash Cow in the heart of Victoria Park, this 10-unit complex consists of 2 buildings containing a total of eight 1/1's plus two 2/2's with 12 parking spots. Currently 100% rented, this property is currently generating $133,440 of income per year with expenses of $36,470 (Approximately $5,400 water, $2,760 trash, $2,100 power, $600 lawn care, $3,3350 insurance (no windstorm coverage), $22,260 taxes) netting approximately $96,970.00. Once renovated with central a/c & a w/d in each unit, this project could generate around $180K/yr. Zoning appears to allow 7 town homes based on lot size of 13,500 SF, zoned RMM-25 (buyer to verify with city of Fort Lauderdale). Roofs sealed in 2021. Includes shutters & some impact windows. No showings without signed offer/LOI. PLEASE DO NOT WALK THE PROPERTY.
Courtesy of David Alexander Realty