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5200 NW 31ST AVE 2 CONDO SALE E96 & E98 2 Flex Condos Offered at $646,969 CAD in Fort Lauderdale, FL
Investment Highlights
- 2 UNITS NEXT TO EACH OTHER 96 & 98
- LAKEVIEWS ASSOCIATION WITH RESERVES
- LONG TERM TENANTS
Executive Summary
Portfolio sale in Villas at Lakeview, Fort Lauderdale! . Includes 2 units (#96 & 98) in a well-maintained Gated community with recently replaced roofs, concrete work/paint and all assessments paid. 2 units each one with 2 bed/2.5 bath townhomes. . All units offer central A/C, in-unit washer/dryer, and tranquil lake views. Association fees are exceptionally low: $369.50/month each unit.. low overhead, and rental income potential make this an outstanding investment opportunity. The community is well-kept, offering peace of mind and long-term value. A rare chance to acquire multiple units in one of Fort Lauderdale’s sought-after lakefront communities. NOI: $30,986.36 CAP - 6.6%
Taxes & Operating Expenses (Actual - 2025) |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$66,899
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$66,899
|
| Taxes |
$12,038
|
| Operating Expenses |
$12,207
|
| Total Expenses |
$24,245
|
| Net Operating Income |
$42,655
|
Taxes & Operating Expenses (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $66,899 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $66,899 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,038 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $12,207 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $24,245 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $42,655 |
Property Facts
| Price | $646,969 CAD | Status | Active |
| Price / SF | $296.50 CAD / SF | Number of Properties | 2 |
| Sale Condition | 1031 Exchange | Individually For Sale | 0 |
| Cap Rate | 6.59% | Total Building Size | 2,182 SF |
| Sale Type | Investment |
| Price | $646,969 CAD |
| Price / SF | $296.50 CAD / SF |
| Sale Condition | 1031 Exchange |
| Cap Rate | 6.59% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 2,182 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Villas At Lakeview
5200 NW 31st Ave, 2nd Floor - Unit E98, Fort Lauderdale, FL 33309 |
Flex Condo | 1,150 SF | 1988 | - |
|
Villas At Lakeview
5200 NW 31st Ave, 2nd Floor - Unit E96, Fort Lauderdale, FL 33309 |
Flex Condo | 1,032 SF | 1988 | - |
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5200 NW 31ST AVE 2 CONDO SALE E96 & E98
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