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Available For Sale - Multifamily

17,724 SF | Show Pricing $

AVAILABILITY DETAILS

Size
17,724 SF
Price/SF
Show Pricing $
Listing ID
SA529722
Notes
Riverside Flats is an eighteen unit multifamily opportunity opportunity in one of the most desirable markets in the country. The subject property is nestled in between the North Fork and South Forks of the New River placing this asset a short distance to the World Famous Riverfront and Riverwalk areas of Downtown Fort Lauderdale. Due to the heavily desired location, Riverside Flats experiences very high historical occupancy rates and rapid rent growth. Riverside Flats saw an entire renovation that included all new flooring, windows, electrical, kitchens and more.



Croissant Park Apartments is a twelve unit Multifamily opportunity in beautiful Fort Lauderdale, Florida. This property is well located and features convenient access to Downtown Fort Lauderdale, Fort Lauderdale Beach, and the Fort Lauderdale-Hollywood International Airport. Demand for multifamily units like this provides an incredibly high floor or residential income real estate with an ability to execute a high end renovation strategy. Croissant Park Apartments has seen renovations that include new flooring, new kitchens, impact windows and doors to name a few.



The rental market in Fort Lauderdale continues to grow at a pace with very few rivals nationally. People are flocking to this city of the future at a remarkable pace. The perfect, "Live, Work, Play" situation as more and more professionals take advantage of the vibrant city of Fort Lauderdale and all of it's offerings. The city has quickly emerged as a tech hub with many firms coming to and calling the area home. While rents for Class A product continue to increase to historical highs, demand for Class B and C remains stronger than ever as the area's more affordable tenant option.
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Steven Paulsen, Open Market CRE
BRE# BK3053136