The Apartments of Poinciana Park offer an exceptional investment opportunity with a 16-unit multifamily community generating strong, stable income in the heart of Fort Lauderdale. Listed at $4,000,000 ($250,000 per unit) with a 6.49% cap rate, this low-rise, garden-style property is 100% occupied under a favorable master lease, ensuring reliable cash flow with flexibility for future repositioning.
Each building contains eight units, totaling sixteen spacious two-bedroom, one-bath apartments, making this the only property in the submarket composed entirely of two-bedroom layouts. Units average $1,899/month under the current lease, with market rents estimated at $2,200–$2,300/month, creating clear upside potential.
Major improvements include new roofs installed in 2022 with a transferable warranty, as well as completion of the 40-year inspection certification, minimizing near-term capital expenditures. Residents enjoy convenient amenities such as on-site coin laundry, fenced yard space, ample parking (2.5 spaces per unit), and walkability to nearby retail and services.
The property benefits from a prime location—less than one mile from U.S. 1, five minutes from Brightline, and under 10 minutes from Fort Lauderdale International Airport. Zoned B-3, the site also allows for future redevelopment options, enhancing its long-term investment appeal.
📌 Summary: A fully occupied, income-producing 16-unit community with strong upside potential through rent growth or redevelopment. This is an ideal opportunity for investors seeking stable cash flow today with flexibility for tomorrow.