Property details

South Florida B- Value-Add Multifamily, Southeast Region

Property Description

Located in an Income Tax Free State!     

South Florida B- Value-Add Multifamily

Prime Value-Add Opportunity

When will you ever find a 7+ Cap Rate on Actual NOI with full Value-Add in a hot Florida rental market? How does never sound?

265-Units

Mid 1970's construction

Located in an extremely high-demand rental market

This property stays full all the time and when a vacancy comes up, its snatched up immediately

Conveniently located minutes away from a major mall and office market.

If looking for a prime location with large benefits from renovation, this is it.

This property does accept Section 8 vouchers.

Price is FIRM at exactly $45M and has been challenged with lower offers (owner will not respond).

Buyer responsible for 2.00% buy side commission.



Multifamily / Apartment Properties For Sale



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Highlights

Status:
Available
Price:
$45,000,000
Cap Rate:
7.11%
 

Property Information

Property Type:
Apartments
Industry Type:
Apartment - Multifamily
Units/Spaces:
265
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.