3700 NW 21st St Lauderdale Lakes, FL 33311, USA For Sale

  • $709,000
  • 11 beds
  • 11 baths
  • 1,100 sqft

BULK DEAL TOTAL 9 Units.

Six 2 Beds / 2 Baths
Apartments

Area 1,100 Sq. Ft.
Built in 1979.

Three
1 Bed / 1 Bath – Apartments
Area 800 Sq. Ft.
Built in – 1979

Unique opportunity to purchase 9 units
in SAME building Sunset Hills Condo in Lauderhill.
Some Updated units w/updated kitchens
including granite tops, and stainless steel
appliances, and updated bathrooms.
Units have Spacious floor plan,
central A/C, & screened in Balconies.
Some units need very light rehab under $6-8k
in light updating, some don’t need any work at all.
2/2 Units currently rented for average over
$1250 a month. 1/1 Rents average over $1050 a month.
HOA for the 2/2’s is $409 a month + $113.59 in special assessments. HOA for the
1/1’s is $309.00 + 82.50 special assessment.
Special assessment is only due for the next
3 years. Building is centrally located in
between 1-95 & Turnpike easy access to both.
Near Lauderhill Mall with many shopping options.

Comps in same building for 2/2’s are up to $100k.
Comps for 1/1 in same building up to $89k.
Rental comps for 2/2 up to $1400 a month.
Rental comps for 1/1 up to $1,150 a month.
Over 9% Cap Rate potential.
Below are complete addresses
with rental price & pictures.

1) 3700 NW 21st St #304 – 1/1 – rented for $1050 a month.

2) 3610 NW 21st St #311 – 1/1 – rented for $950 a month.

3) 3700 NW 21st St #412 – 1/1 – rented for $1,100 a month.

4) 3600 NW 21st St #313 – 2/2 – rented for $1,300 a month.

5) 3610 NW 21st St #114 – 2/2 – rented for $1100 a month (transition tenant)

6) 3610 NW 21st St #213 – 2/2 – rented for $1200 a month.

7) 3610 NW 21st St #309 – 2/2 – rented for $1,200 a month.

8) 3700 NW 21st St #206 – 2/2 – rented for $1200 a month.

9) 3710 NW 21st St #314 – 2/2 – rented for $1,200 a month.

Price:
$709,000
Address:
3700 NW 21st St
Lauderdale Lakes, FL 33311
Square Feet:
1,100
Bedrooms:
11
Bathrooms:
11
Terms:
For Sale
Property Type:
Condo
Year Built:
1979
Const. Type:
CBS

Call (954) 998-3366 for more details

Property Location