Off Market Fourplex in Lauderdale Lakes, FL Turnkey 10 cap

[Gregory Avalone]

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