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3047 N Federal Hwy Fort Lauderdale FL 33306 MLS #F10460691

3047 N Federal Hwy
Fort Lauderdale, FL, 33306
$1,900,000
Beds
0 Bathrooms
SqFt
0.07 Acres
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$1,900,000
3047 N Federal Hwy
Fort Lauderdale, FL, 33306
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Project Description

This high-end medical/business building is a Great Investment in East Fort Lauderdale. Fully Leased with a Dental Office on the First Floor and a Property Management Company on the Second floor. The forty-year Inspection recently passed. Class A Finishes on the interior. One ADA Bathroom and two additional regular bathrooms. Ample common free parking in front and side of the building. WELL-LOCATED at North Federal Highway and Oakland Park Boulevard with a traffic count over 100,000 cars per day. Opportunity exists to increase the CAP Rate with the next lease renewal for upstairs. Virtual Tour for First and Second Floors in the links above. Buyers are required to show proof of funds or Pre-Qualification Letter and sign an NDA prior to Showings. NDA and Floorplans are attached.

Property Details

Price:
$1,900,000
MLS #:
F10460691
Status:
Active
Baths:
0
Type:
Commercial
Neighborhood:
3380
Listed Date:
Sep 10, 2024
Lot Size:
3,130 sqft / 0.07 acres (approx)
Year Built:
1959

Schools

Interior

Exterior

Financial

Gross Operating Income
$155,400
HOA Fee
$450
HOA Frequency
Monthly
Net Operating Income
$113,609
Taxes
$24,391

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Quick Information

Profitability of the Property

Net Monthly Income:
Annual Profitability of:
3047 N Federal Hwy
Fort Lauderdale, FL