3380 NW 30th Street

    Lauderdale Lakes, FL 33311
    • $6,150,000
    • STATUS: Closed
    • ON SITE: 257 days
    • MLS #: A10436893
    Sold - 10/19/2018
    $6,150,000
    SOLD - 10/19/2018
    • 0
      BEDS
    • 1.54
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1974
    County:
    Area:

    School Ratings & Info

    Description

    New Castle Apartments is a 48-unit apartment community consisting of 3 contiguous 2-story buildings centrally located in the City of Lauderdale Lakes, Florida. Built in 1972 and 1974, this 100% leased apartment community contains an attractive unit mix of 73% 2-bed/1-bath units and 27% 1-bed/1-bath units. At the asking price of $6,575,000 the asset offers a 6.53% cap rate on current income & expenses. Additionally, Freddie Mac financing is assumable at an attractive 3.4% interest rate. All units have been recently renovated with upgraded kitchens and baths. The spacious floor plans feature central a/c, pass-through kitchens, walk-in closets, spacious terraces, and ceramic tile flooring. Additionally, four laundry facilities onsite as an additional revenue source.

    Monthly Payment Calculator



    Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2018-12-18T13:42:05.713.
    www.welovesouthflorida.com/homes/82272593

    3380 NW 30th Street Lauderdale Lakes, FL 33311

    • Price: $6,150,000
    • Status: Closed
    • Updated: 54 min ago
    • MLS #: A10436893
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.54
    Acres
    1974
    Built
    Neighborhood:
    3560
    County:
    Broward
    Area:
    3560
    Property Description
    New Castle Apartments is a 48-unit apartment community consisting of 3 contiguous 2-story buildings centrally located in the City of Lauderdale Lakes, Florida. Built in 1972 and 1974, this 100% leased apartment community contains an attractive unit mix of 73% 2-bed/1-bath units and 27% 1-bed/1-bath units. At the asking price of $6,575,000 the asset offers a 6.53% cap rate on current income & expenses. Additionally, Freddie Mac financing is assumable at an attractive 3.4% interest rate. All units have been recently renovated with upgraded kitchens and baths. The spacious floor plans feature central a/c, pass-through kitchens, walk-in closets, spacious terraces, and ceramic tile flooring. Additionally, four laundry facilities onsite as an additional revenue source.
    Exterior Features

    Construction Type Concrete Block ConstructionCbs ConstructionSlab Construction Num Loading Doors 0 Num Parking Spaces 63 Parking Description Assigned ParkingGuest ParkingHandicap Parking Road Type Description Two Lane Roof Description Built-Up RoofComposition RollWood Truss/Rafter Waterfront Property Yn No

    Interior Features

    Cooling Description Central Individual A/C Floor Description Ceramic Floor Heating Description Central ElectricCentral Individual A/C Interior Ceiling Height 8.0000 Maximum Ceiling Height 8.0000 Num Offices 1

    Property Features

    Approximate Lot Size 67029 Electric Service 101-200 AmpsSeparate Meters Fire Protection Smoke AlarmSmoke Detector Information Available Aerial Photo(S)Financial StatementPhotosRent RollsSite Plans Intended Use Investment Lease Term Info 1 To 3 Year Lease Location Of Property City LocationIn Residential Area Num Bays 0 Ownership Corporation Reo YN No Sale Includes Building & LandLeases Sale Includes Incl Leases Sale Terms Conventional Security Information Security LightingSecurity System Sewer Description Public Sanitation Short Sale Yn No Special Information Corporation Owned Property Style Of Property Income Non-Waterfront Subdivision Complex Bldg New Castle Apartments Tax Amount 87000 Tax Year 2017 Terms Considered AssumptionAll CashConventional/Refinance Typeof Property Commercial Water Description Public Water Year Built Description Resale

    Listing courtesy of Meridian Commercial.


    Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2018-12-18T13:42:05.713.
     
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