Meridian Commercial is proud to present a 32-unit, two story apartment complex in the heart of Fort Lauderdale. The complex is comprised of two parcels and sits on just under an acre of land, 39,000 SF (.8953 AC). This investment opportunity boasts an attractive unit mix of 19-2 bedroom 1 bath units and 13-1 bedroom 1 bath units. Each apartment has updated kitchens and baths with tile flooring throughout and corner first floor units come with large patios. Travertine stone surrounds a community pool, with lounge chairs and a BBQ area for tenants. Property features owner operated laundry machines, a bicycle area along with ample parking for tenants’ convenience. Recent upgrades include new roofs and gutters on both buildings (2024)and replacement of all living rm window units for split system AC units.
The property is located in the highly desirable neighborhood of Riverside Park. An historical neighborhood tucked between the New River’s northern and southern forks, with interstate 95 on the western edge and on the southern border Davie Blvd and to the north is Broward Blvd.
This residential enclave is a scenic community with tree-lined streets that compliment the tropical landscape. A diverse mix of residents inhabit this community with riverfront estates with private docks, ranch style homes, newly constructed townhouses, small cottages and apartment complexes alike. The area offers residents an urban suburban feel that is five minutes from downtown.
There are three entrances to the neighborhood, one of which is Florida’s last operational swing bridge. Home to three parks, Stranahan High School, the very popular Riverside Market and a few other local shops, the feeling and atmosphere of the area is unique and unparalleled.
Offering Memorandum available upon request!