The property is offered with favorable Freddie Mac assumable debt of $3.6 million with a 3.47% interest rate and six years left to maturity. Anchor Bay is located in the Harbordale are of Ft Lauderdale, one of the best submarkets in Broward County. Ideally located just off US1, Anchor Bay is less than a 10 minute drive from Downtown Ft Lauderdale, Ft Lauderdale International Airport, the Ft Lauderdale Convention Center and the Beaches. The property is walking distance to Whole Foods, LA Fitness and an abundant of retail and restaurants along the 17 Street Causeway. The property features a desirable unit mix of studios, 1BR, 2BR and 3BR units. Currently, the property is 100% occupied with $1,874 rents, which are significantly below market rates. The property features 25 renovated units and 13 non-renovated units with renovated units currently achieving over $150 in rent premiums over non-renovated. Current rents average $1,874 but they should be $2,029 after renovating the remaining 13 units. This allows for another $70,440 in annual income upside.