6 Cap Rate. Rare income producing opportunity in Coral Ridge.


Property

Website:https://www.nestseekers.com/5687771
Address:
Fort Lauderdale, FL 33305
Ownership: For Sale
Type: Unknown

Financials

Price:$7,900,000
Annual Taxes:$45,000

Description

6% Cap Rate. Rare income-producing opportunity in Coral Ridge. Three luxury 4BR + den townhomes - each with a private pool, 1200 SF rooftop terrace, and Thermador kitchen - offered together as a single turn-key multifamily investment immediately adjacent to the Coral Ridge Country Club. Combined under-air and rooftop area totals 14,650 SF. Previously sold individually, the units now generate $552,000 in combined gross income and $473,500 in Net Operating Income. Offered at $7,900,000 - an ideal opportunity for investors seeking a stabilized, cash-flowing asset in one of Fort Lauderdale's most established addresses.

Amenities

  • Cable - Available

Contact

Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Listing Courtesy of One Way Realty Group, LLC