1708 NE 20th Ave - Apartments FOR SALE


Fort Lauderdale, FL 33305- Poinsettia Heights
$1,575,000 USD
954-638-7034
1708 NE 20th Ave, Fort Lauderdale, FL for Sale
$1,575,000 USD
Apartments - FOR SALE
1/21
null | 6.1% Cap Rate

1708 NE 20th Ave
Fort Lauderdale, FL 33305
Poinsettia Heights


HIGHLIGHTS

  • Prime location near Trader Joe’s, Whole Foods, and the beach
  • Located in a high-quality residential neighborhood with A-rated schools

OVERVIEW

Prime Multifamily Investment in Poinsettia Heights – Fort Lauderdale Gala Real Estate & Development is proud to present an outstanding investment opportunity in Poinsettia Heights, one of Fort Lauderdale’s most desirable and high-quality residential neighborhoods. Property Highlights: Unit Mix: 7 units – 1 Bed / 1 Bath 1 unit – 2 Beds / 2 Baths Parking: 13 dedicated spaces Zoning: RM-25 Lot Size: 13,010 SF Building Size: ±5,110 SF Coin Laundry on-site Electrical system upgraded 40-Year Recertification & 10-Year Safety Inspections completed Sold AS-IS – old roof and windows 2 vacant units – immediate value-add opportunity Location, Location, Location: This centrally located property is just minutes from the beach, Downtown Fort Lauderdale, Coral Ridge Mall, and The Galleria Mall. Within walking distance to Whole Foods, Trader Joe’s, Publix, Wild Fork, Total Wine, Best Buy, and top-tier dining options. The neighborhood is quiet, high-quality, and predominantly made up of upscale single-family homes. Top-rated public schools (rated A and A+) contribute to high rental demand and long-term appreciation potential. This is a rare chance to renovate and elevate an income-generating asset while enjoying immediate rental income from the existing tenant base. The vacant units allow an incoming investor to begin upgrades and increase revenues from day one.

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$286 USD /SF

# OF UNITS

8

PRICE/UNIT

$196,875

CAP RATE

6.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,000 SF

ZONING

RM-25, Ft Lauderdale

APN/PARCEL ID

49-42-36-13-0540

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.