2 Condo Unit Investment Portfolio

100% turnkey investment opportunity. 2 units (2BD/2BA and large Studio).

Investment Overview
This 100% turnkey portfolio consists of 2 units for sale in the International Village Condominiums on Inverrary Drive located in Lauderhill, Florida, a metropolitan area of Fort Lauderdale.
* The community is the largest in Broward County with 832 units in a resort-styled community spread out between 7 buildings.
* The community is situated on 35 acres of land with 12 buildings, a man-made lake, and a canal.

Portfolio Highlights
*The portfolio consists of 2 condos (2BD/2BA and large studio).
* All the units are upgraded and furnished (yes, the buyer is getting all the furnishings in the unit).
* All units are occupied by vetted, screened, and great tenants.
* All tenants are paying market-rate rent.
* The owner is willing to train/assist a new owner with property management.

Property Features
* 24-hour manned security and 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 parlor, and large Great room with a fireplace

The HOA monthly maintenance includes:
* Water
* Pest control/exterminating
* Building insurance and landscaping
* Electric has to be paid separately
* There are no fees for the numerous amenities and no guest fees

Important Reminders
* The Seller is ”guaranteeing” 1 year of rent on all units, meaning the buyer will not need to worry about rental income from all units for one year.
* Seller will pay 50% of 2024 assessments for renovations and improvements to buildings.
* At this time, the purchase must be under his/her name or a Trust. No LLC ownership at this time but most likely will change in a year in which any owner can change their status of ownership.
* Rental restrictions. No short-term rentals like Airbnb.
* All of the units are renovated, furnished, and with tenants, so pricing reflects the total portfolio and cash flow, not on single-unit comps.

For additional information, financials/rent roll, or questions, please contact johndo@londonfoster.com