Investment Overview

Millichap is pleased to present Park Lane Apartments, a contiguous seven-unit multifamily portfolio located in the highly desirable Croissant Park neighborhood of Fort Lauderdale, Florida. SUBJECT PROPERTY 1827 and 1831 Park Lane together comprise a seven-unit, single-story multifamily portfolio constructed in 1963 of concrete block with painted stucco exteriors and shingle roofs. The properties contain a combined 4,637 square feet of living area and are situated on a combined 12,189-square-foot lot, according to the Broward County Property Appraiser. The unit mix consists of six (6) one-bedroom/one-bathroom apartments and one (1) two-bedroom/one-bathroom apartment, with an average unit size of approximately 650 square feet. Units are equipped with mini-split and wall A/C systems, electric appliances, smoke detectors, and fire extinguishers. On-site amenities include paved/asphalt parking and shared on-site laundry facilities, providing added convenience for residents. LOCATION 1827 & 1831 Park Lane are centrally located in the Croissant Park neighborhood of Fort Lauderdale, an established rental submarket known for strong tenant demand, walkability, and proximity to major employment centers. The properties offer immediate access to Andrews Avenue and Federal Highway (US-1), allowing for short drive times to Downtown Fort Lauderdale, Port Everglades, Fort Lauderdale–Hollywood International Airport, and the Broward County Convention Center. Residents benefit from walkable access to Croissant Park and Broward Health Medical Center, enhancing long-term rental appeal for healthcare professionals and local employees. Surrounding retailers and points of interest include Wells Fargo Bank (0.7 miles), Broward Health Medical Center (0.8 miles), TAP42 (0.9 miles), Starbucks (0.9 miles), PNC Bank (1.1 miles), Whole Foods Market (1.1 miles), Dunkin’ (1.3 miles), Bank of America (1.3 miles), The Harbor Shops (1.5 miles), and Southport Shopping Center (1.5 miles). Additional destinations reachable within minutes include Downtown Fort Lauderdale (2.4 miles), the Broward County Convention Center (2.1 miles), Fort Lauderdale–Hollywood International Airport (2.5 miles), and Port Everglades (2.9 miles). Nearby educational institutions include Croissant Park Elementary School (0.3 miles), Stranahan High School (2.4 miles), New River Middle School (4.4 miles), and Nova Southeastern University East Campus (6.2 miles). SUMMARY 1827 & 1831 Park Lane are offered together as a portfolio for $1,575,000, representing $225,000 per unit. This offering provides investors the opportunity to acquire a well-located, scale-efficient multifamily asset in one of Fort Lauderdale’s most desirable and supply-constrained neighborhoods.