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$4,300,000

For Sale - Active
5721 NW 28th St Unit 5729, Lauderhill, FL 33313
Beds n/a
0 Baths
0 Square Feet
0.00 Acres Lot
Built in 1972
For Sale - Active
3 Units
Checked: 24 hours ago
Updated: May 25, 2025 at 10:01PM

Investment Summary


Monthly Cash Flow
-$22,523
Cap Rate
0.0%
Cash-on-Cash Return
-27.3%
Debt Coverage Ratio
0.00
Internal Rate of Return (5 years)
-22.3%

Property Description


0.00 Acres Lot
Built in 1972
For Sale - Active
3 Units

PORTFOLIO SALE: Four Triplex Property Portfolio in Lauderhill. The portfolio consists of a total of 12 apartment units all of which are 3 bedrooms and 2 baths approximately 1,215 SF. Each unit has 2 designated parking spaces, for a total of 24 parking spaces across the entire portfolio. All the buildings have been recently renovated, and are extremely well maintained, making it very attractive for prospective tenants. Currently the average rent per unit is $2,750 per month. Section 8 for three bedroom units within the properties zip code has approvals for rent up to $3,157 per month, providing a value add component for section 8 investors. This portfolio presents a phenomenal option for investors looking to own valuable, stabilized assets and potential for long term growth.

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 24

Bathroom Information

  • # of Baths (Total): 0.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Gable or Hip
  • Roof Material: Shingle

Land Information

  • Land Use: Residential Income
  • Land Use Subtype: Triplex

Lot Information

  • Parcel ID: 494126070080
  • Lot Size: 0 sqft

Property Information

  • Property Type: Triplex
  • Year Built: 1972

Tax Information

  • Annual Tax: $14,959

Utilities

  • Heating: Central
  • Cooling: Central Air

Location

  • County: Broward

Listing Details


Listed by:
Max Loria
STL Advisors, LLC
(561) 901-1402

Source:
MIAMI REALTORS MLS
MLS#: A11746636
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$22,523
Cap Rate
0.0%
Cash-on-Cash Return
-27.3%
Debt Coverage Ratio
0.00
Internal Rate of Return (5 years)
-22.3%

Purchase Details

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Purchase price:
$4,300,000
Amount financed:
-$3,440,000
Down payment:
$860,000
Closing costs:
$129,000
Rehab costs:
$0
Initial cash invested:
$989,000
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$3,440,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$22,518
Property tax:
$1,247
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$23,891

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (69%)
69%-$1,247-$14,959
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (94%)
94%-$1,697-$20,359

Cash Flow


Monthly Yearly
Net operating income:
-$5 -$60
Mortgage payments:
-$22,518 -$270,216
Cash flow:
$22,523 $270,276