Florida Churches For Sale and Florida Commercial Real Estate
Specializing in Commercial Real Estate in Central Florida and South Florida
Sign Up To Receive Updates of New Listings of Churches For Sale In Florida
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.
Construction Type Concrete Block Construction Cbs Construction Slab Construction
Num Loading Doors 0
Num Parking Spaces 63
Parking Description Assigned Parking Guest Parking Handicap Parking
Road Type Description Two Lane
Roof Description Built-Up Roof Composition Roll Wood Truss/Rafter
Waterfront Property Yn No
Cooling Description Central Individual A/C
Floor Description Ceramic Floor
Heating Description Central Electric Central Individual A/C
Interior Ceiling Height 8.0000
Maximum Ceiling Height 8.0000
Num Offices 1
Approximate Lot Size 67029
Electric Service 101-200 Amps Separate Meters
Fire Protection Smoke Alarm Smoke Detector
Information Available Aerial Photo(S) Financial Statement Photos Rent Rolls Site Plans
Lease Term Info 1 To 3 Year Lease
Location Of Property City Location In Residential Area
Num Bays 0
Ownership Corporation
Reo YN No
Sale Includes Building & Land Leases
Sale Includes Incl Leases
Security Information Security Lighting Security 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
Terms Considered Assumption All Cash Conventional/Refinance
Typeof Property Commercial
Water Description Public Water
Year Built Description Resale
Sign Up Here To Receive A Full List Of Our Current Church Real Estate Inventory!
(Properties shown on website are only a brief summary of the real estate actually available)