SEE OFFERING MEMORANDUM FOR MORE DETAIL
*Pro-Forma Cap rate is with no required windstorm insurance for a seller financed deal.
Rarely do you ?nd an investment where the land value is nearly identical to the income value. While this property can provide a nice return, redevelopment may be the highest and best use in the long run. This provides steady cash?ow while you plan your project. The streets surrounding these two adjacent properties are ?lled with luxury townhomes. Recently, the building across the street was demolished to make way for a luxury project.
There are currently two separate buildings that make up the 7 units for a total of 4,745 SF of structure. The two lots of land total 14,250 SF. They are ideally situated in the highly desirable Fort Lauderdale MSA. The RMM-25 zoning is one of the most sought after in Broward County. With meticulous maintenance and a proven track record, this property presents a turnkey opportunity for investors seeking a stable and high-performing asset in the thriving South Florida multifamily market.