22028 is amulti-family property for lease in Fort Lauderdale, FL.
Unique investment opportunity to acquire 52 rental streams of income from 27 single family homes, 3 duplexes, 2 triplexes, 2 fourplexes and one five unit building located in bustling Broward County in the famous City of Fort Lauderdale. This portfolio offering provides an opportunity to allow an investor to diversify, while gaining economy of scale in a product starved market. The portfolio is usually 100% leased. The entire portfolio generates a net operating income of $473,179. With some minor sprucing up, it is our opinion that rents could be increased by at least 9.5% which equals upside in the amount of $668,838. In view of the fact that 32 of the 52 tenant’s rent is guaranteed by Section 8, collections are a breeze. FOR ADDITIONAL INFORMATION, CONTACT RANDY NORTH AT 954-483-0909.
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