Home » Fort Lauderdale » 5410 NE 22nd Ter 1-17, Fort Lauderdale, FL 33308 | F10451382

5410 NE 22nd Ter 1-17, Fort Lauderdale, FL 33308 | For Sale

$3,495,000

Property Highlights

Listing ID F10451382 Status of this Listing: Pending (An offer has been accepted) For Sale Property Type Commercial Sale Multi Family Building Area 10,112 Sqft/939.44 m2 approx. Lot area 15,000 Sqft/1393.55 m2 approx. Year Built 1971 Time of this property on Rebonus 49 Day(s)
26 Photos of this Property

5410 NE 22nd Ter 1-17, Fort Lauderdale, FL 33308

Property Description: The Hemingway at Knollridge consists of 16 1/1 units all just over 600 sq ft under air and identical in layout. The property is comprised of 2 separate two story buildings that are fully fenced and separated by an attractive tropical courtyard. The apartments are well designed and spacious with a very large kitchen. Almost all the units are upgraded to a degree with new flooring, new appliances, refinished cabinets and hardware. The asset has been meticulously maintained by the proud local owner and shows no sign of deferred maintenance. It is 100% occupied with most tenants, long term and on a rolling lease allowing the new owner the opportunity to increase revenues. The building rarely has a vacancy with its high demand location, affordable rents, ample parking and clean condition.

Useful Info

Contingency:Pending Inspections
Original List Price:$3,495,000

Business Info

Gross Scheduled Income:270000

Land Lot (Parcel) Details

Lot Size Acres:0.35
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Number of Buildings:2
Number of Units Total:1
Property Condition:
  • Resale
Levels:Two
Construction Materials:
  • Block
Flooring:
  • Carpet
  • Wood
  • Ceramic Tile
Stories:2
Road Frontage Type:
  • City Street

Property Features

Waterfront:No
Security:
  • Smoke Detector(s)
  • Fenced
Roof:
  • Shingle
  • Composition

Taxes and Expenses

Tax Annual Amount:$45,900

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023
Insurance Expense:$28,000

Terms

Documents Available:
  • Rent Rolls
  • Lease
Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Tenant
Buyer Possession:
  • Closing & Funding
Tenant Pays:
  • Electricity
Lease Considered:No

Community

Building Name:Hemingway at Knollridge
Senior Community:No

Parking

Parking Total Spaces:22
Covered Spaces:0
Parking Features:
  • Assigned
  • Guest

Utilities

Sewer:
  • Public Sewer
Electric:
  • 200+ Amp Service
Utilities Expense:$8,500
Water Source:
  • Public

More Details

Other Information:
Data exchange original Listing Number: F10451382

Zoning and Legal

Tax Legal Description:CORAL RIDGE ADD B 41-47 B LOT 2 BLK 12
Real Estate Folio Number (Parcel Number):494213062660
Zoning Description:RMM-25
Public Survey Township:4942
Public Survey Section:13
Title to the property is held by owner as:
  • Limited Partnership

Listing History

Update/EventDate/Days
Published Date:July 16, 2024 4:07 pm
On Market Date:July 16, 2024
Listing Contract Date:July 16, 2024
Contingent Date:September 2, 2024
Last Important Update Description:Pending (An offer has been accepted)
Date and Time of Last Important Update:September 2, 2024 3:41 pm
Status Last Changed:September 2, 2024 3:41 pm
Photos Last Modified:July 17, 2024 11:20 am
Last Modified:September 2, 2024 7:42 pm
Days on the Market Reference Date:September 2, 2024
Days on the Market (updated on Last Modified*):48
Cumulative Days on the Market (updated on Last Modified**):48

Additional Information

Lot Size Range:,
Number of Photos Count:26
Geographical Area:Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700)
Area:3350
Ref ID:1077545965
Automated Valuation Display:Yes
Courtesy of:Compass Florida, LLC
Universal Property Id:US-12011-N-494213062660-R-N

Location

Show Property Address:Yes
Street Name:22nd Ter
Street Number:5410
Street Direction Prefix:NE
Street Address:5410 NE 22nd Ter 1-17
Unit Number:1-17
City : Fort Lauderdale
State : Florida
Zip Code : 33308
County : Broward County
Full Address:5410 NE 22nd Ter 1-17, Fort Lauderdale, FL 33308
Latitude:N26° 11' 34.2''
Longitude:W81° 53' 8.9''

Neighborhood

Postal City:Fort Lauderdale

Property Map