2100 Miami Rd - Apartments FOR SALE


Fort Lauderdale, FL 33316- Downtown Fort Lauderdale
$10,795,000 USD
954-638-7034
2100 Miami Rd, Fort Lauderdale, FL for Sale
$10,795,000 USD
Apartments - FOR SALE
1/54
null | 5.4% Cap Rate

2100 Miami Rd
Fort Lauderdale, FL 33316
Downtown Fort Lauderdale


HIGHLIGHTS

  • This property presents a secure investment option in high-quality, modern construction.
  • Prime investment opportunity with remarkable flexibility, Option to convert each unit into a high-end condominium.
  • 6,000-square-foot rooftop deck is fully equipped with a kitchen and panoramic views, perfect for events and weddings.
  • Within walking distance of Port Everglades, the 17th Street Causeway shops, and mere minutes to the beach, convention center, and airport.
  • With pricing recently reduced, seize the opportunity to invest in South Florida's thriving landscape and grow a portfolio of luxurious properties.
  • Hospitality licensed and insured as of March 2024, the property is ideal for short-term or long-term vacation rentals, corporate housing, or events.

OVERVIEW

Welcome to Ocean Wave Apartments, an extraordinary investment opportunity located at 2100 Miami Road. This brand-new property, completed in 2024, features 12 elegant modern three-bedroom and three-bathroom apartments, within a spacious four-story building designed with a keen focus on maximizing living space. Each apartment boasts high ceilings and high-end finishes, offering residents comfort and style. The prime location of Ocean Wave Apartments sets it apart as an exceptional investment. In this high-demand area, Nestled in the heart of Fort Lauderdale, the property is with Port Everglades just around the corner, just minutes away from Fort Lauderdale-Hollywood International Airport, the Fort Lauderdale Convention Center, the beach, and the iconic Las Olas Blvd. Residents will enjoy easy access to a diverse array of restaurants, shops, and entertainment venues along the vibrant 17th Street Causeway. Residents will also enjoy state-of-the-art amenities, including a fully equipped fitness center for an active lifestyle. The rooftop features panoramic views with comfortable seating areas, and an outdoor kitchen with a BBQ station, perfect for relaxation and entertaining. In addition to the residential offerings, Ocean Wave Apartments includes 1000 sqft of commercial space available for lease, ideal for a café or office. This provides an exciting opportunity to create a vibrant community hub, adding value for both residents and visitors. This property presents a secure investment option in high-quality, modern construction. Prime investment opportunity with remarkable flexibility. Option to convert each unit into a high-end condominium. Alternatively, the property can be maintained as a short-term rental asset, enabling investors to capitalize on high occupancy rates and maximize returns.

FOR SALE DETAILS

PRICE

$10,795,000 USD

PRICE/SF

$293 USD /SF

# OF UNITS

12

PRICE/UNIT

$899,583

CAP RATE

5.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ocean Wave Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2024

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

RMM-25

APN/PARCEL ID

50-42-14-03-4060

ASK ABOUT THIS PROPERTY

Eli HalaliGala Real Estate & DevelopmentMore Info
954-638-7034

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Eli HalaliGala Real Estate & DevelopmentMore Info
954-638-7034

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.