2300 NW 6th St, Fort Lauderdale, FL | 2300 NW 6th St
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2300 NW 6th St, Fort Lauderdale, FL 2300 NW 6th St
12 Unit Block of Flats £1,550,934 (£129,244/Unit) 6.40% Net Initial Yield Fort Lauderdale, FL 33311
Investment Highlights
- Unit Mix of (6) 1 Bedroom 1 Bathroom Units and (6) Studios
- 2021 New Roof
- Hurricane Impact Windows
- Updated PVC Plumbing and Electric
- Full Remodeled Kitchens and Bathrooms
Executive Summary
Discover an exceptional investment opportunity with this 12-unit multifamily property located in the vibrant heart of Fort Lauderdale. The
building features a diverse mix of six spacious studios and six well-appointed 1-bedroom, 1-bathroom units, designed to cater to a wide
range of tenants.
Situated in a highly desirable area, this property offers easy access to Fort Lauderdale's stunning beaches, upscale shopping, diverse dining options, and major transportation routes. Each unit has been recently updated with modern amenities, ensuring minimal maintenance costs and high tenant appeal.
With competitive rental rates and strong market demand, this property promises attractive returns on investment. Tenants will appreciate the ample on-site parking, proximity to major employers, and the wealth of nearby recreational amenities, from parks to entertainment venues.
building features a diverse mix of six spacious studios and six well-appointed 1-bedroom, 1-bathroom units, designed to cater to a wide
range of tenants.
Situated in a highly desirable area, this property offers easy access to Fort Lauderdale's stunning beaches, upscale shopping, diverse dining options, and major transportation routes. Each unit has been recently updated with modern amenities, ensuring minimal maintenance costs and high tenant appeal.
With competitive rental rates and strong market demand, this property promises attractive returns on investment. Tenants will appreciate the ample on-site parking, proximity to major employers, and the wealth of nearby recreational amenities, from parks to entertainment venues.
Property Facts
| Price | £1,550,934 | Building Class | C |
| Price Per Unit | £129,244 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 4,497 SF |
| Net Initial Yield | 6.40% | Number of Floors | 1 |
| No. Units | 12 | Year Built | 1959 |
| Property Type | Residential | Parking Ratio | 2.45/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | £1,550,934 |
| Price Per Unit | £129,244 |
| Sale Type | Investment |
| Net Initial Yield | 6.40% |
| No. Units | 12 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 4,497 SF |
| Number of Floors | 1 |
| Year Built | 1959 |
| Parking Ratio | 2.45/1,000 SF |
| Opportunity Zone |
Yes |
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 450 |
| Studios | 6 | - | 300 |
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PROPERTY TAXES
| Parcel Number | 50-42-05-07-1200 | Improvements Assessment | £1,033,376 |
| Land Assessment | £31,496 | Total Assessment | £1,064,873 |
PROPERTY TAXES
Parcel Number
50-42-05-07-1200
Land Assessment
£31,496
Improvements Assessment
£1,033,376
Total Assessment
£1,064,873
zoning
| Zoning Code | NWRAC-MUw (NWRAC-MUw - NW REGIONAL ACTIVITY CENTER) |
| NWRAC-MUw (NWRAC-MUw - NW REGIONAL ACTIVITY CENTER) |
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2300 NW 6th St, Fort Lauderdale, FL | 2300 NW 6th St
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