BREEZYWAY MANOR SEC FORT LAUDERDALE A12041646

1275 SW 36TH AVE, Fort Lauderdale, FL 33312

BREEZYWAY MANOR SEC 1275 SW 36TH AVE FORT LAUDERDALE

REMARKS:

BREEZYWAY MANOR SEC 1275 SW 36TH AVE FORT LAUDERDALE. Four-unit multifamily investment opportunity in the established Sunset neighborhood of Fort Lauderdale. The property consists of four 1-bedroom/1-bathroom units within a 2,074 SF building on a 5,234 SF lot, zoned RD-15. All four units are currently occupied and leased, generating 72,000 in gross annual income with a current NOI of 49,078 (4.91% cap rate) at the 1,000,000 asking price. The value-add opportunity is clear: in-place rents average 1,500/unit against a market rate of 1,850/unit. Repositioning all four units to market adds 16,800 in gross annual income, lifting NOI to 65,878 and pushing the proforma cap rate to 6.59% with no change to unit count or footprint. Property features include recently renovated appliances, central A/C, a 6-year-old roof with proper maintenance, and public sewer service. Annual operating expenses total 22,922, inclusive of real estate taxes (14,622), insurance (3,500), water/sewer (2,400), and maintenance (2,400). Priced at 482/SF and 250,000 per unit. Interior photos pending. Seller response time may be delayed pre-qualified buyers are encouraged. All figures are owner-reported; buyer to independently verify prior to purchase.

If you are interested in buying property located at 1275 SW 36TH AVE, Fort Lauderdale, FL 33312, call us today!

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1275 SW 36TH AVE, FORT LAUDERDALE, FL 33312 - LOCATION