3380 NW 30th Street, Lauderdale Lakes FL, 33311

Sold

3380 NW 30th Street

Lauderdale Lakes FL, 33311

$6,150,000

$91.68 per sqft

Sold

67,082 sqft

Commercial

Built in 1974

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.

A10436893

MLSⓇ ID

February 15, 2024

Updated

Map

3380 NW 30th Street
Lauderdale Lakes FL, 33311

Interior Features

Total Stories: 2
Floor Description: Ceramic Floor
Fireplace: No
Cooling: Yes
Cooling Description: Central Individual A/C
Heating: Yes
Heating Description: Central Electric, Central Individual A/C

Exterior/Building Features

Lot Size: 1.54 Acres
Lot Features: City Location, In Residential Area
Roof: Built-Up, Composition Roll, Wood Truss/Rafter
Sewer: Public Sanitation

Other Property Details

Taxes: $87,000
Tax Frequency: Annually
Days on Market: 114
Garage: No
Parking: Assigned, Guest, Handicap Parking
Parking Total: 63
View: No
County: Broward County
Water Source: Public
Pool: No
Zoning: RM20

Listed by: Meridian Commercial
Listing Contact: 954-918-4902

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated 8:54 PM UTC, 2/15/2024.