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1037 N Victoria Park Road
Niki Falck Commercial Sales Associate | P: 954.732.4058 | C: 954.732.4058 | [email protected]
Lauren Coloney Commercial Sales Associate | P: 954.564.4666 | C: 954.564.4666 | [email protected]
George Coloney P.A. Commercial Sales Manager Of The George Coloney Commercial Group | P: 954.564.4666 | C: 954.564.4666 | [email protected]
FOR MORE INFORMATION, PLEASE CONTACT:
Niki Falck Commercial Sales Associate
P: 954.732.4058 | [email protected]
FOR MORE INFORMATION, PLEASE CONTACT:
Fort Lauderdale, FL 33304
Keyes Commercial1520 E. Sunrise Blvd
Fort Lauderdale, FL 33304P: 954.564.4666
www.keyescommercial.com
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 2
PROPERTY OVERVIEW
Do not miss this opportunity to purchase this immaculate 3 units in the heart of FortLauderdale! Property is located on a dead end street. All units are renovated. Largest unitis owner occupied and two units have tenants. Potential for a large increase income.Property would be fantastic for short term rentals - with it's lush landscaping, largebackyard and glistening pool!
OFFERING SUMMARY
Sale Price: $550,000
Building Size: 2,003 SF
Price / SF: $274.59
Cap Rate: 4.99%
NOI: $27,430
Year Built: 1953
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Executive Summary
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 3
LOCATION INFORMATION
Street Address 1037 N Victoria Park Road
City, State, Zip Fort Lauderdale, FL 33304
County Broward
Signal Intersection No
BUILDING INFORMATION
NOI $27,430.00
Cap Rate 4.99
Occupancy % 100.0%
Year Built 1953
Free Standing Yes
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Complete Highlights
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 4
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Additional Photos Unit 1
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 5
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Additional Photos Unit 2
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 6
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Additional Photos Unit 3
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 7
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Location Maps
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 8
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Aerial Maps
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 9
INVESTMENT OVERVIEW
Price $550,000
Price per Unit $183,333
CAP Rate 5.0%
Cash-on-Cash Return (yr 1) 4.99 %
Total Return (yr 1) $27,430
OPERATING DATA
Gross Scheduled Income $41,820
Total Scheduled Income $41,820
Gross Income $41,820
Operating Expenses $14,390
Net Operating Income $27,430
Pre-Tax Cash Flow $27,430
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Financial Summary
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 10
INCOME SUMMARY
Gross Income $41,820
EXPENSE SUMMARY
Electricity/Pool Pump $1,800Taxes $3,300Insurance $6,150Water/Trash $2,640Pool Chemicals $500
Gross Expenses $14,390
Net Operating Income $27,430
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Income & Expenses
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 11
UNIT
NUMBER
UNIT
BED
UNIT
BATH
LEASE
END
CURRENT
RENT
MARKET
RENT
1 1 1 January 31, 2021 $1,010 $1,300
2 0 1 August 3rd, 2020 $875 $1,100
3 2 1 $0 $2,000
Totals/Averages $1,885 $4,400
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Rent Roll
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 12
Subject Property
1037 N Victoria Park Road | Fort Lauderdale, FL 33304
$550,000Sale Price: 1953Year Built:
2,003 SFBuilding SF: $274.59Price PSF:
3No. Units: $183,333Price / Unit:
13.15GRM: 4.99%CAP:
$27,430NOI:
Do not miss this opportunity to purchase this immaculate 3 units in the heart of Fort Lauderdale! Property is located on a dead end street. All units are renovated. Largest unit is owneroccupied and two units have tenants. Potential for a large increase income. Property would be fantastic for short term rentals - with it's lush landscaping, large backyard and glistening pool!
1
1224 NE 13 Avenue
Fort Lauderdale, FL 33304
$485,000Sale Price: 0 AcresLot Size:
2No. Units: $242,500Price / Unit:
1
2
1210 NE 16th Avenue
Fort Laudedale, FL 33304
$440,000Sale Price: 0 AcresLot Size:
2No. Units: $220,000Price / Unit:
2
3
1201 NE 14th Avenue
Fort Lauderdale, FL 33304
$750,000Sale Price: 0 AcresLot Size:
4No. Units: $187,500Price / Unit:
3
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Sale Comps
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 13
4
1122 NE 16th Terrace
Fort Lauderdale, FL 33304
$375,000Sale Price: 0 AcresLot Size:
2No. Units: $187,500Price / Unit:
4
5
1215 NE 15th Avenue
Fort Lauderdale, FL 33304
$910,000Sale Price: 0 AcresLot Size:
5No. Units: $182,000Price / Unit:
5
6
1108 NE 16th Terrace
Fort Lauderdale, FL 33304
$710,000Sale Price: 0 AcresLot Size:
4No. Units: $177,500Price / Unit:
6
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Sale Comps
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 14
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2
3
4
5
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SUBJECT PROPERTY PRICE/UNIT # OF UNITS
1037 N Victoria Park RoadFort Lauderdale, FL 33304
$183,333 3
SALE COMPS PRICE/UNIT # OF UNITS
1224 NE 13 AvenueFort Lauderdale, FL33304
$242,500 2
1210 NE 16th AvenueFort Laudedale, FL33304
$220,000 2
1201 NE 14th AvenueFort Lauderdale, FL33304
$187,500 4
1122 NE 16th TerraceFort Lauderdale, FL33304
$187,500 2
1215 NE 15th AvenueFort Lauderdale, FL33304
$182,000 5
1108 NE 16th TerraceFort Lauderdale, FL33304
$177,500 4
PRICE/UNIT # OF UNITS
Totals/Averages $192,954 3.17
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Sale Comps Summary
This information has been secured from sources we believe to be reliable, but we make no representations nor warranties, express nor implied as to the accuracy of theinformation. References to square footage are approximate.Buyer must verify the information and bears all risks for any inaccuracies. 15
POPULATION 1 MILE 3 MILES 5 MILES
Total Population 15,768 115,318 238,831
Average age 45.2 41.4 40.7
Average age (Male) 45.4 41.5 40.5
Average age (Female) 44.9 40.8 40.7
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 8,487 53,731 104,292
# of persons per HH 1.9 2.1 2.3
Average HH income $90,184 $81,293 $73,296
Average house value $539,218 $459,345 $363,722
* Demographic data derived from 2010 US Census
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Demographics Map & Report
Our Branch NetworkMIAMI DADE COUNTY 1 | Aventura 4 | Brickell 5 | COMMERCIAL SALES - Miami 7 | Coral Gables 10 | Doral 11 | Doral Plaza 12 | Homestead 18 | Sunset/Kendall 20 | Miami Beach 21 | Miami Lakes 25 | Palmetto Bay
BROWARD COUNTY 8 | Coral Springs/Parkland 13 | Fort Lauderdale | COMMERCIAL SALES 14 | Hollywood 19 | Lighthouse Point 27 | Plantation 28 | SW Broward 30 | Weston | COMMERCIAL SALES
PALM BEACH COUNTY 2 | Boca Blue Lake 3 | Boynton Beach 6 | COMMERCIAL SALES - W. Palm Beach 9 | Delray Beach 16 | Jupiter/Tequesta 17 | Jupiter/Jonathan’s Landing 32 | Jupiter Farms 23 | Palm Beach Gardens 24 | Palm Beach/Valore Group 34 | Platinum Properties Jupiter 35 | Platinum Properties Juno Beach 29 | Wellington
MARTIN COUNTY 33 | Hobe Sound 15 | Hutchinson Island 31 | Stuart
ST. LUCIE COUNTY 26 | Port St. Lucie | COMMERCIAL SALES
VOLUSIA COUNTY 22 | New Smyrna Beach 36 | New Smyrna Beach LUXE
1617
29 3
3423
35
32
246
29
10 11 2021
25
12
18
7
8
1327
28
30
19
15
3133
26
2236
14
54
1
St. Lucie
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