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About This Property
EXCEPTIONAL FORT LAUDERDALE MULTIFAMILY INVESTMENT OPPORTUNITY! Income-producing 55-unit portfolio consisting of three multifamily properties in desirable East Fort Lauderdale. ALL THREE PROPERTIES MUST BE PURCHASED TOGETHER. Offered at $13,249,000 ($240,891 per unit) with a stated 5.50% CAP RATE and average monthly rent of $1,871 per unit. Portfolio includes: 1150 NE 17th Ct (16 units, Folio #494235040010), 1151 NE 17th Ct (13 units, Folio #494235041760), and 1401 NE 17th Ct (26 units, Folio #494235420010), Fort Lauderdale, FL 33305. Conveniently located near Wilton Manors, Downtown Fort Lauderdale, shopping, dining, major roadways, and beaches. Excellent opportunity to acquire a substantial multifamily investment portfolio in a desirable rental market.
Property Features
County
Broward County
Section
Area
9770
Subdivision
Interior
Cooling
Central Air
Bedrooms
Floors
Tile, Wood
Full Baths
Appliances
Heating
Central
Style
Garage Spaces
Construction/Exterior
CBS Construction, Frame, Frame With Stucco
Patio / Deck Description
Exterior
Has a Pool
Possession
Lot Size in Acres
0.42
Water
Public
Sewer
At Site, Public Sewer, Other, Public Sanitation, Sewer
Lot Size in Sq. Ft.
18334
Has Waterfront
No
Parking Description
Assigned, Common
View
Has Garage
No
Roof/Attic
Comp Shingle Roof, Tar/Gravel, Tile, Flat Tile, Flat Roof With Facade Front, Shingle, Tar & Gravel Roof, Tile Roof
Senior Community
No
Other Utilities
Cable Connected, Electricity Connected, Sewer Connected, Cable Available, Electricity Available, Sewer Available, Water Available
Property Type
Commercial Sale
Pets
Property SubType 2
Multi Family
Tax Year
2025
Year Built
1974
Tax Amount
$49087
APN
NA
Square Feet Source
NA
Map
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