Great multiplex investment opportunity! 16 units. Minutes from downtown Fort Lauderdale. Potential for 8% cap! 16 units. 14 Studios. 2 1BRs. 8 Occupied - 4/$250/week, 2/$300/week, 2/$350/week. 8 Vacant. Total Gross Income $111,700/year. Operating Expenses $35K/year. NOI = $82600/year. Cap rate is 4% due to vacancies. Potential for 8% w/full occupancy. Rent includes water & FPL. Roof 1 yr old. 14 Parking spots. 14 units w/central air. Access will be provided upon a fully executed contract w/inspection period.
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