This is a Beautiful TRIPLEX. That is currently cash flowing at an 8.78% cap rate. Rents are severely under market, if you raise the rents to current market value for this area you can easily raise your cap rate to 12.4%. This is an amazing neighborhood and is very desirable! CROISSANT PARK is one of the best areas in Fort Lauderdale!
This property has almost new everything!!! NEW Central A/C Unit, NEW Roof, NEW Title Floors, NEW Doors!!
PROPERTY IS CASH FLOWING. ALL THREE UNITS ARE MONTH TO MONTH, ONE TENANT RECENTLY MOVED OUT OF ONE OF THE 2/1 UNITS, AND IT IS CURRENTLY VACANT. ALL TENANTS HAVE BEEN RENTING HERE FOR A LONG TIME!
SHOWING BY APPT ONLY!