Buy and Sell Your Home Commission Free Owner Financing May Be Available
1721 NE 9th Street
Florida Investment Properties presents this one-of-a-kind 5 units multi-family property, in the extremely popular and sought-after Victoria Park neighborhood. The property offers 100% occupancy, stable cash flows, and significant upside by raising rents to market prices, converting the property to short term rentals or developing new construction townhomes. The property is uniquely zoned for 5 units. Selling below its recent appraised value. Owner financing may be available.
1721 NE 9th Street, Fort Lauderdale, Florida 33304
Actual
Price $1,295,000
Appraised $1,500,000
Revenue
Gross Rent $88,620
Laundry Income $1,500
Expenses
Real Estate Tax $14,419.71
Insurance $5,492
Water $3,000
Electricity $600
NOI $66,608.29
Cap 5.14%
Appraised Value December 2022: $1,500,000
Pro-forma
Price $1,295,000
Revenue
Gross Rent $105,984
Laundry Income $1,500
Expenses
Real Estate Tax $14,419.71
Insurance $5,492
Water $3,000
Electricity $600
NOI $83,972.29
Cap 6.48%
Pro-forma Short Term Rentals
Price $1,295,000
Gross Rent $182,500.00
Expenses
Real Estate Tax $14,419.71
Insurance $5,492
Water $3,000
Electricity $600
NOI $158,988.3
Cap 12.27%
*Based on an average nightly rate of $125 and conservative 80% occupancy
Photos
Contact Us
Investment Property In Florida
By phone 754-234-7663