Multifamily in Davie, FL 33314

Everglades Land Sales, 4661 SW 66th Ave #1-3

Value Add 2contiguous 3plexes. The property has a superior unit mix, upgraded interiors and overall, the properties are in excellent condition. 4661 SW 66 Ave has also just recently replaced its roof. In addition, the property is set in a parklike setting with ample green space, mature palm trees and plenty of parking. It is also noteworthy Lang Park is located directly behind the subject property and ingress to the park is approximately 500 feet at the end of the street. Each bldg = 2716 ft.² with a 12,375 SF lot and each apt is 900 ft.² on average. The average rent per unit for the subject property is $1216. Market Rent $1450. NOI increases from $44,852 to $59,672, a 18% increase based on $1433 rent/mth Tenants pay own water and trash