823 SE 14TH STREET | FORT LAUDERDALE | $ 999,000

Rio Vista Multi-Family Investment Opportunity

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Introducing . . . RIO VISTA 5 UNIT MULTI-FAMILY 

BEAUTIFULLY RENOVATED 5 UNIT MULTI-FAMILY IN HARBORDALE W/MODERN FINISHES AND STAINLESS STEEL APPLIANCES. CBS CONSTRUCTION & BRAND NEW ROOF IN 2017 W/10-YR TRANSFERABLE WARRANTY. NEW AC UNITS. CAP RATE AT ASKING $ IS 5.5%. PROPERTY IS 100% OCCUPIED. DRIVE BY THE PROPERTY ONLY, DO NOT WALK THE PROPERTY OR DISTURB TENANTS. FOR SHOWINGS, POF & OFFER REQUIRED. AMPLE PARKING FOR TENANTS


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Gilles Rais

LOCATION 

Rio Vista and Rio Vista Isles are upscale residential neighborhoods located close to Downtown Fort Lauderdale, Florida. Most Rio Vista Isles homes are on deep and wide water canals, with direct access to the ocean (no fixed bridges) via the 17th Street Causeway bridge. When closed, the bridge has a 55 foot clearance and conveniently opens every 15 minutes to allow larger vessels to pass through. Many lots in this area feature 100 feet of waterfront property, which yields about 90 feet of boat dockage. However, it’s not uncommon to find corner lots that wrap around to yield up to 300 feet of boat dockage.

Rio Vista homes are located on streets that are lined with beautiful mature trees. Homeowners take great pride in the appearance of their yards, many of which boast lush tropical landscaping. The area is truly picturesque.

This wonderful area is conveniently located within minutes of fine dining, private schools, golf courses, shopping, Museum of Art, Broward Center for the Performing Arts, Fort Lauderdale/Hollywood International Airport, Port Everglades, highways, and more.

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Rio Vista
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No. Units

5

Building Size

2,882 SF

Price/Unit

$199,800

Property Type

Multifamily

Property Sub-type

Low-Rise

Property Use Type

Investment

Cap Rate

4%

Occupancy

100%

No. Stories

1

Property on Ground Lease?

Yes

Year Built

1966

Lot Size

6,750 SF

APN / Parcel ID

50-42-14-03-0930

Parking Ratio

1.73 / 1,000 SF

Around the Neighborhood

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Bryant Peney Park Fort Lauderdale
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Like this Listing ?


 

Gilles Rais