Meridian Commercial is proud to present a 32-unit two-story apartment complex in the heart of Fort Lauderdale. This investment opportunity boasts an attractive unit mix of 19 2-bedroom 1-bath units and 13 1-bedroom 1-bath units. Each apartment has updated kitchens and baths with tile flooring throughout and corner first floor units come with large patios. Travertine stone surrounds a community swimming pool, with lounge chairs and
BBQ area. Owner operated laundry machines, a bicycle area and ample parking. The complex is comprised of two parcels and sits on just under an acre of land, 39,000 SF (.8953 AC). Recent improvements include new roofs and gutters (2024). Split system AC’s are replacing window units. Call for Offering Memorandum with rent roll and financials.
616-626 SW 14th Ave, Fort Lauderdale, FL, 33312
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
