Court Orders Auction Of 119-Unit Rental Complex In Fort Lauderdale, FL

 

MIAMI, FL --A 119-unit rental complex in Greater Fort Lauderdale is scheduled to be auctioned off in November to repay a $23.2 million debt, according to a new report from CondoVultures.com.

TotalBank, a Miami-based institution with assets of $2.2 billion, obtained a “consent final judgment of foreclosure” for $19.8 million in principal plus $3.4 million in accrued interest against the owner of the King’s Row (top left photo) rental complex on Northwest 46th Avenue in the city of Lauderhill, according to Broward Circuit Court records.

The online auction for the 89,800-square-foot project located south of Oakland Park Boulevard between State Road 7 and Florida’s Turnpike is scheduled to start at 10 am on Nov. 8, according to Broward County Clerk of the Court records.

The King’s Row rental complex is one of four foreclosure cases with a final judgment amount of at least $14.8 million scheduled to be auctioned off in Broward County through Nov. 30, according to government records.

Developed in 1970, the King’s Row is comprised of a pair of two-story buildings with 63 units and 56 units located contiguously at 1620 and 1700 NW 46th Avenue, according to the Broward County Property Appraiser’s Office.

 

Peter Zalewski of Condo Vultures® can be reached at 800-750-0517 or by email at peter@condovultures.com.