1345 N Andrews Avenue - LoopNet...1345 N Andrews Avenue Fort Lauderdale, FL 33311 $374,900 2,098 SF $178.69 $187,450 2 SALE COMPS PRICE BLDG SF PRICE/SF PRICE/UNIT # OF UNITS CLOSE

1345 N Andrews Avenue

Lauren Coloney Commercial Sales AssociateP: 954.564.4666 | laurencoloney@gmail.com

FOR MORE INFORMATION, PLEASE CONTACT:Lauren Coloney Commercial Sales Associate / P: 954.564.4666 / C: 954.604.1001 / laurencoloney@gmail.com

Niki Falck Commercial Sales Associate / P: 954.732.4058 / C: 954.732.4058 / nikifalck@gmail.com

FOR MORE INFORMATION, PLEASE CONTACT:

Fort Lauderdale, FL 33311

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

Don't miss this opportunity to own a large well maintained duplex with low maintenancecosts in the heart of Fort Lauderdale! Income is currently at $1100 per month. November1st, one unit will be raised to $1495 and January 1st second unit will be raised to $1495per month. We can have leases signed prior to closing date for security for the buyer.Large 2 bedroom, 2 bathroom units. Each unit has its own washer/dryer inside the unit.Tenants pay water, sewer, trash, electric, internet and cable. Only expense for owner isinsurance, taxes, landscaping and minimal maintenance. Large corner not, side street isa one way street. Centrally located, minutes to Downtown Fort Lauderdale, FlaglerVillage, all major highways & Fort Lauderdale Beach.

OFFERING SUMMARY

Sale Price: $374,900

Building Size: 2,098 SF

Lot Size: 6,005 SF

Cap Rate: 8.25%

NOI: $30,920

Year Built: 1968

Zoning: RDS-15

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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 1345 N Andrews Avenue

City, State, Zip Fort Lauderdale, FL 33311

County Broward

Side of the Street West

Signal Intersection No

Road Type Paved

Nearest Highway I95 and Federal Highway

Nearest Airport Hollywood Fort LauderdaleInternational Airport

BUILDING INFORMATION

NOI $30,920.55

Cap Rate 8.25

Occupancy % 100.0%

Tenancy Multiple

Number of Floors 1

Year Built 1968

Free Standing Yes

Number of Buildings 1

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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

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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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. 6

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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. 7

INVESTMENT OVERVIEW

Price $374,900

Price per Unit $187,450

CAP Rate 8.3%

Cash-on-Cash Return (yr 1) 8.25 %

Total Return (yr 1) $30,920

OPERATING DATA

Gross Scheduled Income $35,880

Total Scheduled Income $35,880

Gross Income $35,880

Operating Expenses $4,959

Net Operating Income $30,920

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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. 8

INCOME SUMMARY

Gross Income $35,880

EXPENSE SUMMARY

Landscaping $540Insurnace $624Taxes $3,795

Gross Expenses $4,959

Net Operating Income $30,920

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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. 9

UNIT

NUMBER

UNIT

BED

UNIT

BATH

LEASE

START

CURRENT

RENT

MARKET

RENT

Unit 1 (east) 2 2 January 1st, 2019 $1,100 $1,495

Unit 2 (west) 2 2 November 1st 2019 $1,495 $1,495

Totals/Averages $2,595 $1,495

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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. 10

Subject Property

1345 N Andrews Avenue | Fort Lauderdale, FL 33311

$374,900Sale Price: 1968Year Built:

2,098 SFBuilding SF: $178.69Price PSF:

2No. Units: $187,450Price / Unit:

10.45GRM: 8.25%CAP:

$30,920NOI:

Don't miss this opportunity to own a large well maintained duplex with low maintenance costs in the heart of Fort Lauderdale! Income is currently at $1100 per month. November 1st, one unit will be raised to $1495and January 1st second unit will be raised to $1495 per month. We can have leases signed prior to closing date for security for the buyer. Large 2 bedroom, 2 bathroom units. Each unit has its own washer/dryerinside the unit. Tenants pay water, sewer, trash, electric, internet and cable. Only expense for owner is insurance, taxes, landscaping and minimal maintenance. Large corner not, side street is a one way street.Centrally located, minutes to Downtown Fort Lauderdale, Flagler Village, all major highways & Fort Lauderdale Beach.

1

1107 NW 7th Avenue

Fort Lauderdale , FL 33311

$409,000Sale Price: 6,747 SFLot Size:

1969Year Built: 2,044 SFBuilding SF:

$200.10Price PSF: 2No. Units:

$204,500Price / Unit: 06/12/0219Closed:

1

2

16 NE 16th Street

Fort Lauderdale , FL 33311

$360,000Sale Price: 5,705 AcresLot Size:

1966Year Built: 1,796 SFBuilding SF:

$200.45Price PSF: 2No. Units:

$180,000Price / Unit: 09/18/2019Closed:

2

3

1509 N Andrews Avenue

Fort Lauderdale, FL 33311

$347,500Sale Price: 6,382 SFLot Size:

1956Year Built: 1,930 SFBuilding SF:

$180.05Price PSF: 2No. Units:

$173,750Price / Unit: 08/30/2019Closed:

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. 11

4

1501 NW 6th Avenue

Fort Lauderdale , FL 33311

$335,000Sale Price: 6,753 SFLot Size:

1967Year Built: 1,905 SFBuilding SF:

$175.85Price PSF: 2No. Units:

$167,500Price / Unit: 05/30/2019Closed:

4

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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. 12

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2

3

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SUBJECT PROPERTY PRICE BLDG SF PRICE/SF PRICE/UNIT # OF UNITS

1345 N Andrews AvenueFort Lauderdale, FL 33311

$374,900 2,098 SF $178.69 $187,450 2

SALE COMPS PRICE BLDG SF PRICE/SF PRICE/UNIT # OF UNITS CLOSE

1107 NW 7th AvenueFort Lauderdale , FL33311

$409,000 2,044 SF $200.10 $204,500 2 06/12/0219

16 NE 16th StreetFort Lauderdale , FL33311

$360,000 1,796 SF $200.45 $180,000 2 09/18/2019

1509 N Andrews AvenueFort Lauderdale, FL33311

$347,500 1,930 SF $180.05 $173,750 2 08/30/2019

1501 NW 6th AvenueFort Lauderdale , FL33311

$335,000 1,905 SF $175.85 $167,500 2 05/30/2019

PRICE BLDG SF PRICE/SF PRICE/UNIT # OF UNITS CLOSE

Totals/Averages $362,875 1,919 SF $189.10 $181,437 2

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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. 13

1345 N Andrews Avenue | Fort Lauderdale, FL 33311SUBJECT PROPERTY

1Fort Lauderdale , FL33311

1107 NW 7TH AVENUE 2Fort Lauderdale , FL33311

16 NE 16TH STREET

3Fort Lauderdale, FL33311

1509 N ANDREWS AVENUE 4Fort Lauderdale , FL33311

1501 NW 6TH AVENUE

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Sale Comps Map