21 SE 11th Ave - Apartments FOR SALE


Fort Lauderdale, FL 33301- Beverly Heights
$1,695,000 USD
954-828-2290
21 SE 11th Ave, Fort Lauderdale, FL for Sale
$1,695,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

21 SE 11th Ave
Fort Lauderdale, FL 33301
Beverly Heights


HIGHLIGHTS

  • 2 Blocks from Las Olas. Turn Key. Multiple options for either investment or occupying one of the four different layouts.

OVERVIEW

Property Summary: Plumbing is PVC. * No roof leaks. * Landlord pays water/trash. * All units on newer water heaters. * 1st floor of rear building has impact windows, main home has accordion hurricane shutters * Both buildings have Firestone Commercial grade white TPO single ply roofing, with an expected lifespan of 25-30 years. See some info below on the roof technology. * Newer electrical panels for rear apartments Main Home | 3bd/2ba | $5750 p. mo. On month to month lease: cancellation with 60 day written Notice by either party New 4 ton Trane AC installed in 2024 Trane TruComfort XV20i AC System: top of the line most e?cient system/rated at 21.5 SEER2, with a Variable speed compressor and fan combination. Also included is a transferable extended 10 year full parts and labor warranty through AIG. Whirlpool French style refrigerator with ice maker Newer LG Front loading washer and dryer with Al features installed in 2024, LG range and Microwave The main house has all LED lighting, in ceiling, fixtures and ceiling fans. Apt 1 | 1bd/1ba | $1900 p. mo: Has renewed lease through 12/25 Stackable single GE Washer/Dryer unit dishwasher. Stove and Refrigerator. Apt 2 | Studio | $875 p. mo. Month to month lease refrigerator only, no washer/dryer. Apt 3 | 2bd/1ba | $2400 p. Mo. Month to month lease ($2350 discounted rate if paid on or before the first of the month). Newer Samsung front loading washer and dryer installed in 2024 (under warranty). New GE Refrigerator installed in February 2024 (under warranty) Main breaker panel was replaced in 2024. TPO Roof Specs: TPO roofing is a single layer of synthetics and reinforcing scrim used to cover flat roofs. It is a popular choice for flat or low-sloped roofs, such as those found on commercial buildings, due to its durability, easy installation, and energy efficiency. TPO roofing is also resistant to UV radiation and can reflect solar heat, which can help to reduce energy costs. TPO roofing is also a viable option for homes, especially for those with flat or low-slope roofs, due to its energy efficiency, durability, low maintenance, and affordability.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$492 USD /SF

# OF UNITS

4

PRICE/UNIT

$423,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

RC-15

APN/PARCEL ID

50-42-11-07-0610

ASK ABOUT THIS PROPERTY

Rich DeGirolamoCompass Fort LauderdaleMore Info
954-828-2290

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Rich DeGirolamoCompass Fort LauderdaleMore Info
954-828-2290

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