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International Village Condo Units For Sale
Location: United States -> Florida -> Fort Lauderdale
Industry: Real Estate > Other Real Estate

Business Summary

20 units (minimum 4 unit purchase) for sale in the resort-styled community of Ft. Lauderdale ''International Village'' spread out between 7 buildings. The community is situated on 35 acres of land with 12 buildings (including club-house) and man-made Lake and canal. 15 units out of 20 has a lake or canal views. For residential use only!

This business is well-established with a database of all the units and portfolio on each tenant. The properties are being currently managed and the future owners has an option to keep a manager on a salary basis. The business has a large positive cash flow with a Cap Rate of 9%. Would work well as a family business. All the units are upgraded and furnished. The owner is willing to train/assist a new owner. The owners are selling due to other business interests.

Property features:
The ''International Village'' community is located in South Florida, city of Fort Lauderdale, write in the middle of main highways (5 mins drive to the Turnpike and Commercial Blvd, 12 mins drive to I-95) and 20 mins away from the ocean.
The maintenance includes: water, exterminating, cable, Internet, building insurance and landscaping, electric has to be paid separately. There are no fees for the numerous amenities included below and no guest fees, either.
Amenities include:
24-hour manned security
On-site management
5 lighted tennis courts
Indoor / Outdoor heated pools with Jacuzzis
3 Saunas
Gym / Yoga room with flat screen TV
Women's & men's locker rooms
Indoor racquetball with viewing gallery
BBQ area with brick oven
Billiard room
Ping Pong
Indoor driving golf range
Card rooms
Library with computers and free Internet
English tea shop / restaurant
Beauty parlour / Full service salon
Large Great room with fire place

Selling Price - $2,000,000
For more information please contact Douglas Meyers at 954-253-0687 or 954-486-0037


Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $180,924
Cash Flow:   $180,924
Cash Flow Type:  EBITDA
Seller Financing:  Yes

About The Business

Year Established:  1980
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  The owner is willing to train/assist a new owner.
Reason For Selling:  The owners are selling due to other business interests.


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International Village Condo Units For Sale Photo 1 International Village Condo Units For Sale Photo 2 International Village Condo Units For Sale Photo 3

Print Listing Id: 700245972
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