Ft Lauderdale Apts. - $1.6M

56 Occupied units for sale in the following apartment complex. The apts have consistently maintained a 95% occupancy rate and an approximate 50% expense ratio, resulting in NOI of $240,000 annually. There are 96 units in the complex, of which, 56 units are offered for sale. The 56 units can be purchased all cash for $1,600,000; a very attractive CAP of better than 15%. The units appraised for $40K each last March and are being offered herein at $26,785/unit. I have the rent roll and some recent photos...email me for them....