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Key Details
Sold Price $3,050,000
Property Type Multi-Family
Sub Type Income/Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Hemingway At Knollridge
MLS Listing ID F10451382
Sold Date 10/01/24
Construction Status Resale
HOA Y/N No
Year Built 1971
Annual Tax Amount $45,900
Tax Year 2023
Lot Size 0.344 Acres
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.
Location
State FL
County Broward County
Area Ft Ldale Ne (3240-3270;3350-3380;3440-3450;3700)
Zoning RMM-25
Interior
Flooring Carpeted Floors, Ceramic Floor, Wood Floors
Exterior
Waterfront No
Water Access N
Roof Type Comp Shingle Roof
Private Pool No
Building
Story 2.0000
Foundation Concrete Block Construction
Sewer Public Sanitation
Water Public Water
Construction Status Resale
Others
Pets Allowed No
Ownership Limited Partnership
Security Features Fenced
Acceptable Financing Cash, Conventional/Refinance
Listing Terms Cash, Conventional/Refinance
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Bought with Compass Florida, LLC
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Larry Hering
Realtor/Senior Account Executive | License ID: 3370040
Realtor/Senior Account Executive License ID: 3370040