5410 NE 22nd Terrace Unit 1-17, Fort Lauderdale, FL 33308

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.