Multifamily
Floral Heights
1896 SW 41st Ave, Fort Lauderdale, FL 33317
Listing Price: $1,065,000
Investment Overview
Marcus & Millichap, as exclusive listing agents, is pleased to offer for sale Floral Heights (the "Property"), a 4-unit multifamily apartment building located in the Floral Heights sub-market of Fort Lauderdale, Florida. Floral Heights is a two-story, 3,561 square foot building constructed of concrete block in 1974 that is situated on a 0.16-acre lot. The property is made up of four large two-bedroom, one-bathroom units each totaling 890 square feet.
The property is located just west of State Road 7 (US-441), between Davie Blvd and Interstate 595, all major thoroughfares that traverse Broward County. The Central Broward County location provides easy access to a wide variety of local amenities, including Downtown Fort Lauderdale, Central Broward Regional Park, and the Thunderbird Swap Shop.
Floral Heights offers investors a unique opportunity to acquire a cash-flowing property with four large two-bedroom, one-bathroom units in Fort Lauderdale, Florida. The property benefits from being situated in a well-rounded market with limited competition and is in close proximity to major thoroughfares, including Interstate 595 and Davie Blvd.
Listing Price: $1,065,000
Investment Highlights
- Close Proximity to US-441, Interstate 595, and Broward Boulevard
- Property Consists Entirely of Large 2 Bedroom / 1 Bathroom Floorplans
- Strong Rental Market With Limited Competition
- Opportunity to Increase Rents to Market Rates
Investment Overview
Marcus & Millichap, as exclusive listing agents, is pleased to offer for sale Floral Heights (the "Property"), a 4-unit multifamily apartment building located in the Floral Heights sub-market of Fort Lauderdale, Florida. Floral Heights is a two-story, 3,561 square foot building constructed of concrete block in 1974 that is situated on a 0.16-acre lot. The property is made up of four large two-bedroom, one-bathroom units each totaling 890 square feet. The property is located just west of State Road 7 (US-441), between Davie Blvd and Interstate 595, all major thoroughfares that traverse Broward County. The Central Broward County location provides easy access to a wide variety of local amenities, including Downtown Fort Lauderdale, Central Broward Regional Park, and the Thunderbird Swap Shop. Floral Heights offers investors a unique opportunity to acquire a cash-flowing property with four large two-bedroom, one-bathroom units in Fort Lauderdale, Florida. The property benefits from being situated in a well-rounded market with limited competition and is in close proximity to major thoroughfares, including Interstate 595 and Davie Blvd.
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