About this Property
Rare opportunity to acquire a completely renovated 8-unit multifamily building (currently being used as 4 unit building ) in the heart of East Fort Lauderdale, east of US 1. This turnkey property has been taken down to the studs and rebuilt with quality throughout, making it an ideal investment for an owner-user or investor seeking minimal future maintenance. Perfectly situated in the highly desirable Rio Vista area, just minutes from Las Olas Boulevard and the 17th Street Causeway, the property provides convenient access to Whole Foods, Starbucks, restaurants, boutique shopping, nightlife, fitness centers, and many of Fort Lauderdale's most popular destinations. This central East Fort Lauderdale location offers outstanding accessibility, strong demographics, and exceptional long-term investment potential in one of South Florida's most sought-after commercial corridors. The property consists of eight units and has undergone a complete gut renovation with extensive new systems and improvements throughout. Improvements include all-new impact doors and windows, interior gypsum-board walls with soundproofing, mini-split air-conditioning systems with 10-year warranties, a new fire-retardant roof system, and replacement of the cast-iron plumbing with PVC and copper. The property also features new electrical throughout, a contemporary driveway and outdoor patio, and updated systems throughout. Four of the units are configured as studio apartments and four as one-bedroom units. The residential-style improvements include four in-unit washers and dryers and four full ultra-modern kitchens. Overall, the property is presented in exceptional condition with substantial modern, high quality improvements and updated infrastructure.
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