101-105 SE 26th St - Apartments FOR SALE


Fort Lauderdale, FL 33316- Poinciana Park
$4,000,000 USD
646-709-5537
101-105 SE 26th St, Fort Lauderdale, FL for Sale
$4,000,000 USD
Apartments - FOR SALE
1/12
null | 6.49% Cap Rate

101-105 SE 26th St
Fort Lauderdale, FL 33316
Poinciana Park


HIGHLIGHTS

  • Less than 1 mile from U.S. 1, 5 minutes to Brightline, and 9 minutes to Fort Lauderdale International Airport.
  • 100% occupied under a master lease, with favorable terms, allowing for upside.
  • Only property in submarket featuring Sixteen 2-bedroom, 1-bath units
  • On-site coin Laundry
  • B-3 Zoning allows for future development

OVERVIEW

These Buildings are low-rise garden style apartments. 8 units per building, 16 units total. The only multifamily in this submarket offering ALL two-bedroom, one-bath, with 2.5 parking spaces each. The roofs were replaced in 2022, and has transferable warranty. Fully occupied under a master lease generating $30,385 gross per month ($1899 per unit) There is a 90-day termination option (for landlord only) if someone wants to re-tenant to market rents of $2,200-$2,300. This Flexibility makes it ideal for stabilized or value-add investors. Building passed 40 year inspection. On-site coin laundry, and fenced backyard area. Passed 40 year-certification. Seller open to offers.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$256 USD /SF

# OF UNITS

16

PRICE/UNIT

$250,000

CAP RATE

6.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Apartments of Poinciana Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,896 SF

ZONING

B-3

APN/PARCEL ID

50-42-22-11-0510

ASK ABOUT THIS PROPERTY

Lielle SosaLevy Realty Advisors, LLCMore Info
646-709-5537

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Lielle SosaLevy Realty Advisors, LLCMore Info
646-709-5537

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.