Off Market Fourplex in Lauderdale Lakes, FL Turnkey 10 cap
Price: $290000 CASH ONLY
Est. Rehab: <$5000
ARV: $350k-$375k
Cap Rate Potential: 11%
Est. MKT. Rent $4050/month
Current Cap: 10%
Current Rent $3650/month
Layout: (3000 sqft, 7505 sqft lot )
Off Market legal fourplex located in North Ft Lauderdale. The units consist of one 2/2 and three 1/1's. The property is CBS construction, has 4 separate meters, and central ac. The current rental income is $3,650/mo (11%+ cap rate).
Unit 1 - $850/mo lease ends 11/30/17
Unit 2 - $900/mo section 8 lease ends 3/31/18
Unit 3 - $800/mo lease ends 10/31/18
Unit 4 - $1,100/mo lease ends 8/31/18
Current income $3,650/mo
COMPS
4040 NW 30th Ter $373k closed sale
4260 NW 31st Ter $350k closed sale
4041 NW 30th Ter $399k pending
4011 NW 30th Ter $295k closed sale
4160 W NW 31 Ter $347k pending
4231 NW 31st Ave $434k active
Call or text for details 305-900-7391