1916 SW 11th St Fort Lauderdale, FL $ 6,500,000
1916 SW 11th St
$ 6,500,000
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1916 SW 11th St

Fort Lauderdale, FL, 33312
$ 6,500,000
Baths0.0 Sq 16,911

Monthly Estimate*

$ 43,201

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Studio

Commercial Property for sale in Fort Lauderdale, FL

for $6,500,000. This 16,911 square foot building was built in 1967 on a lot size of 0.606038.

24-unit apartment building. Attractive unit mix (Four 2 Bedrooms and 2 Bath). (Four - 2 Bedrooms and 1 Bath). (Sixteen- 1 Bedroom and 1 Bath). Kings Pointe II Apartments. Highlights. The building has a metal roof that was completed in 2012, and metal roofs have a lifespan of 40 to 70 years. The building also has a 10-year recertification that was completed on 11/03/2020. Stabilized asset boasting 100% occupancy, generates a stable income, with minimal deferred maintenance. With an average effective rent of $1712, an investor has the opportunity to increase rental rates to be competitive within the market as units turn.Additionally new Investor can also increase income by charging back the tenants for utilities usage.

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Commercial Active

Price

$ 6,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 97,361

Style

MultiFamily

Lot Size

0.606038

Year Built

1967

Town/City

Fort Lauderdale

County/Region

Broward

MLS | Web ID

A11587494

Features
General
Year Built 1967
Property SubType MultiFamily
County Broward County
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
City Fort Lauderdale
View Y/N N
Senior Community Y/N N
Zoning Description RD-15
MLS Area 3990
Lot Size Units SquareFeet
Lot Size Square Feet 26399.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 97361.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11587494
Days on Market 41
Structure Type Apartment MultiFamily
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional MultiFamily
Legal Description RIVERSIDE PARK 7-24 B LOT 21 TO 24 LOT 25 LESS BEG NE COR LOT 25 W 45 TO POB CONT W 5 S 110 E 15 NW 110.50 TO POB FOR RD R/W BLK 2
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Exterior
Lot Size Area 26399.0
Spa N
Building Area Total 16911.0
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 1916
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* Excluded Features
List By
Coldwell Banker Realty

Broker

alexpassiveincome2@gmail.com

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Affordability Calculator

$51,314
Per Month
84%
16%
0%
Monthly Principal & Interest
$43,201
Monthly Property Taxes
$8,113
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
292769 Elementary School
292996 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/17/2024$6,500,000 -2.99% Price Down
5/14/2024$6,700,000 Listed Price

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1916 SW 11th St, Fort Lauderdale, FL, 33312 is a Commercial Property for sale at $6,500,000 with 16,911 sqft and a lot size of 0.606038. 1916 SW 11th St is a studio with 0.0 baths and was built in 1967. The property's zip code is 33312 which is in Fort Lauderdale, FL