$695,000 5741 Ne 18 Avenue Fort Lauderdale, FL

MLS: RX10387351   Type: Commercial   County: Broward   City: Fort Lauderdale   Area: 3350   Neighborhood: Coral Ridge Isles   Zip: 33334   Style: Income     Stories: 2   Taxes: $10,306

Mortgage $3,263 /mo



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Seven unit multifamily apartment building with C/O for four units located on a corner with a lot of upside potential. The units are very clean and the building has been well maintained. The 40 year certification is complete. Only three of the seven have leases in place. Upgrading the units will yield higher returns; however, the rents can be raised considerably without upgrading as they are all under market.

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Price History

12/6/2017 Listed $695,000

Area 3350
Built Desc Resale
For Lease No
Geo Area FTNE
Geo Lat 26.199121
Geo Lon -80.123169
Listing Status Active
Possession At Closing
Property Type E
Stories 2.0
Subdivision Coral Ridge Isles
Tenant Pays Electric, None
Terms Considered Cash, Conventional, Owner
Type MultiFamily (5+ Units)
Type Of Building Commercial
Use Income
Year Built 1964
Zoning RMM-25

Interior Features

Cooling Central, Wall-Win A/C
Flooring Terrazzo Floor, Tile
Heating Central
Total Number of Units 7
Unit 1: Unit Desc 1 Bedroom
Unit 2: Unit Desc Efficiency

Exterior Features

Lot Size 0.22
Property Desc 7 Units w/ C/O for 4
Roof Concrete Tile

Property Schools

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Gallery (8 photos)

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Property vs Zip Code Avg (33334)

Price 695K Avg 362K

Sqr Feet 3,864 Avg 4,748

Cost / Sqr Ft $180 Avg $76

Taxes $10,306 Avg $10,838

Visits 10 Avg 25

Days on Site 170 Avg 174

Walkscore® 32 Avg 76

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Listing Provided Courtesy Of: Coldwell Banker Commercial NRT

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Location & Address

Kate Smith Group
20200 West Dixie Hwy, Suite 604
Aventura, FL