4410 NE 19th Ter - Apartments FOR SALE


Fort Lauderdale, FL 33308
$1,200,000 USD
954-245-3459
4410 NE 19th Ter, Fort Lauderdale, FL for Sale
$1,200,000 USD
Apartments - FOR SALE
1/16
null | 2.89% Cap Rate

4410 NE 19th Ter
Fort Lauderdale, FL 33308


HIGHLIGHTS

  • All large two-bedroom units averaging over 1,000 rsf
  • Large site with open landscaped courtyards, Tandem parking plus one carport
  • Individual wall-unit air-conditioning
  • Onsite laundry facility
  • Separate electric and water meters
  • Situated on a quiet cul-de-sac

OVERVIEW

Coral Hills Apartments is a 4-unit apartment building located in the City of Oakland Park, Florida. The property is situated just west of Federal Highway (US 1), between Oakland Park Boulevard and Commercial Boulevard, and just west of the Coral Ridge Golf & Country Club. It is being offered for sale by a family that has owned and operated the property for close to 50 years. The property was constructed in 1958 of concrete block with painted stucco exterior and is comprised of a single one-story building on a large .30-acre site zone RM-25. The unit mix is comprised of (2) two-bedroom and one-bathroom apartments and (2) two-bedroom and two-bathroom apartments. The apartments average over 1,000 rentable square feet and are separately metered for all utilities including water. Each has an individual wall-unit air-conditioner and separate hot-water heater. There are eight open parking spaces and one covered carport. Additionally, there is an onsite laundry facility, although one apartment has its own washer and dryer.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$244 USD /SF

# OF UNITS

4

PRICE/UNIT

$300,000

CAP RATE

2.89%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Coral Hills Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,207 SF

ZONING

RM-25

APN/PARCEL ID

49-42-13-01-1930

ASK ABOUT THIS PROPERTY

Evan KristolMarcus & MillichapMore Info
954-245-3459

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Evan KristolMarcus & MillichapMore Info
954-245-3459

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