22099 is amulti-family property for lease in Fort Lauderdale, FL.
26 units property located in Melrose Park community of Ft Lauderdale. The property is 100% occupied and offers 17-1/1 & 9-2/1. All tenants pay electric and cable, land lord pays water and trash removal. Due to below market rents the new owner can gradually increase rents in addition to sub metering the water to increase revenue. This turn-key investment opportunity offers upgraded kitchens, baths and tile floors. The offering provides investors an opportunity to own a cash flowing asset with a going-in cap rate of 6.73%. (Br. # 22099)
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