1345 N Andrews Avenue
Lauren Coloney Commercial Sales AssociateP: 954.564.4666 | [email protected]
FOR MORE INFORMATION, PLEASE CONTACT:Lauren Coloney Commercial Sales Associate / P: 954.564.4666 / C: 954.604.1001 / [email protected]
Niki Falck Commercial Sales Associate / P: 954.732.4058 / C: 954.732.4058 / [email protected]
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
1
2
3
4
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
