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Buy one or Package of three rental condos



$61,000

FOR SALE

Inverness Village Condos

Lauderhill, FL

  • *Projected ROI after stabilizing with current market rents 12-13% **Current ROI is 9.4% (current income - Taxes and HOA )
  • Condo apartments rented below market at $2465 month to month combined. Market rents are $1100 per unit
  • No age or rental restrictions
  • Each unit is 829 sq. ft and 2 bedrooms/1 bath
  • Each unit is month to month and all could use cosmetic upgrade but no major repairs needed
  • Tenants pay all utilities
  • Condo HOA fee is $ 250 per month each unit
  • Buy one offered at $63,000 Buy two offered at $62,000 each Buy three offered at $61000 each

Documents

 
No Documents for this Property


  • Sale Comps $70K - $80K
  • Rental Comps $1,100 - $1,250
  • Property Type Residential
  • Location Lauderhill, FL
  • Size 821 sq. ft.
  • Bedrooms 2
  • Bathrooms 1
  • TAV 36.6K
  • Annual Taxes $1,139
  • Year Built 1979

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