Riverside Park 10 Unit Multi-Family Multi-Family FOR SALE


Fort Lauderdale, FL - Riverside Park
$2,600,000 USD
305-335-0109
, Fort Lauderdale, FL for Sale
$2,600,000 USD
Multi-Family - FOR SALE
1/10
null | 6.2% Cap Rate

Riverside Park 10 Unit Multi-Family
Fort Lauderdale, FL
Riverside Park


HIGHLIGHTS

  • Excellent Unit Mix
  • True Value Add Opportunity
  • 1 Mile to downtown Fort Lauderdale-East of I95
  • Large .61 Acre Lot-26,470 SF
  • Recent 4-Point Inspection
  • Plenty of parking

OVERVIEW

Prime 10-Unit Multi-Family Investment in Desirable Riverside Park, Fort Lauderdale This well-maintained 10-unit multi-family property is perfectly located in the sought-after Riverside Park neighborhood of Fort Lauderdale, just east of I-95 and south of Broward Boulevard. Situated on a generous 26,470-square-foot lot, the property boasts 8,489 square feet of Gross Building Area, offering a strong blend of convenience, accessibility, and investment potential. Property Highlights: Unit Mix: 4 spacious 2BR/2BA units and 6 well-appointed 1BR/1BA units Parking: Ample on-site parking with 23 spaces for residents and guests Construction: Durable CBS structure built in 1955 Air Conditioning: Central air in all units Flooring: Low-maintenance ceramic tile throughout Roof: Recently replaced, approximately 11 years old Additional Features: Each unit was originally assigned a private storage space, equipped with washer/dryer hookups. Currently, these spaces are utilized by the owner for storage, presenting an opportunity to enhance tenant amenities and increase income. Though the on-site swimming pool was filled in, the expansive lot offers value-add potential for future improvements or added amenities. Financial Overview: With strategic upgrades and reconfiguring the storage spaces, there is substantial upside to increase rental income and property value. Location Benefits: Just one mile from vibrant Downtown Fort Lauderdale, offering easy access to shopping, dining, and entertainment. A home across the street recently sold for $1,430,000, underscoring strong demand and rising property values in the neighborhood. Comparable Sales: 1630 SW 4th Ave – $2,600,000 | 8 units | 5,458 SF BA | 10,890 SF LA 709 SW 4th Ct – $1,700,000 | 7 units | 3,353 SF BA | 13,939 SF LA 411 SW Palm Ave – $2,100,000 | 8 units | 5,648 SF BA | 11,326 SF LA

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Richard SpadoThe Keyes Company - Commercial Sales & LeasingMore Info
305-335-0109

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Richard SpadoThe Keyes Company - Commercial Sales & LeasingMore Info
305-335-0109

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