This 24-unit multifamily property offers investors a rare opportunity to acquire a stabilized, cash-flowing asset in the heart of Fort Lauderdale. Priced at $5,888,888 ($245,370 per unit), the building combines strong occupancy, minimal deferred maintenance, and excellent long-term upside in one of South Florida’s most competitive rental markets.
The property features a well-balanced unit mix of sixteen (16) one-bedroom/one-bath units, four (4) two-bedroom/one-bath units, and four (4) two-bedroom/two-bath units. Each apartment is equipped with central air conditioning, individual electric meters, and recently updated kitchens and bathrooms, ensuring low maintenance costs and strong tenant appeal.
Notable improvements include the installation of a metal roof with a 40–60 year lifespan and the successful completion of the 10-year building recertification in November 2020. Residents also benefit from on-site laundry facilities, curbside trash pickup, and convenient access to public transportation, adding to the property’s desirability and long-term stability.
Ideally located just minutes from Downtown Fort Lauderdale, the beaches, the airport, and a wide range of retail and dining options, the property is positioned to benefit from ongoing population growth and continued rental demand. With its strong current performance and potential for future rent increases, this is an outstanding investment opportunity in one of South Florida’s strongest multifamily markets.