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
January 28, 2018
Listed
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
Buyer Agency Compensation
1%
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.
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Data last updated 8:54 PM UTC, 2/15/2024.