About This Property

13-unit multifamily investment opportunity in Fort Lauderdale at 1151 NE 17th Ct. Unit mix includes 11 one-bedroom/one-bath apartments, one studio/one-bath apartment and one three-bedroom/two-bath apartment. Current scheduled rents total $24,450 monthly, or $293,400 annually. Reported trailing 12-month NOI of $197,115 reflects a 6.6% cap rate at the $2,990,000 asking price, approximately $230,000 per unit. Property features include select renovated interiors and laundry income. An opportunity to acquire an income-producing apartment property with a diverse unit mix.

Key Features

• 13,158 SquareFeet Lot
• Built in 1985

Property Details

• Type: Single Family Home
• Year Built: 1985
• Lot Size: 13,158 sq ft
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 13,158 SquareFeet Lot
• Feature: Built in 1985
• Status: Active
• MLS Number: 1195198362
• Days on Market: 1
• Listed By: Inbal Ruiz · Inbal Ruiz
• Zip Code: 33305