2625 NE 13th Ct - Apartments FOR SALE


Fort Lauderdale, FL 33304- Coral Ridge
$2,300,000 USD
954-501-5020
2625 NE 13th Ct, Fort Lauderdale, FL for Sale
$2,300,000 USD
Apartments - FOR SALE
1/19
null | 3.22% Cap Rate

2625 NE 13th Ct
Fort Lauderdale, FL 33304
Coral Ridge


HIGHLIGHTS

  • Hurricane Impact Windows And Doors Throughout
  • New Barrel Tile Roof To Be Installed Prior To Closing
  • Minutes From Fort Lauderdale Beach, Las Olas, And Major Tourism Drivers
  • Multiple Potential Exit Strategies Including Hold, STR Conversion, Or Redevelopment
  • Diverse Unit Mix Including Studios, 1/1’s, 2/1’s, And 2/2’s

OVERVIEW

Marcus & Millichap is pleased to present Casa Sul Mare, a nine-unit multifamily property located at 2625 NE 13th Court in Fort Lauderdale, Florida. Built in 1958, the property totals 3,806 gross square feet and is situated on a 0.31-acre lot in one of Fort Lauderdale’s most desirable coastal neighborhoods. The unit mix consists of 5 studio units, 1 one-bedroom/one-bathroom unit, 1 two-bedroom/one-bathroom unit, and 2 two-bedroom/two-bathroom units, offering a diverse layout appealing to both seasonal and long-term renters. The property features hurricane impact windows and doors throughout, and a new barrel tile roof is scheduled for completion prior to closing, significantly reducing near-term capital expenditure requirements for a future owner. Casa Sul Mare is currently operated as annual rentals; however, given its location near Fort Lauderdale Beach and surrounding hospitality demand, a future owner may determine that short-term rentals represent a higher and better use of the asset. Additionally, the oversized 0.31-acre parcel in an infill coastal location presents potential long-term value as a redevelopment or covered land play, subject to zoning and entitlement considerations. The property is located just minutes from Fort Lauderdale Beach, Birch State Park, Galleria Mall, and Las Olas Boulevard, placing residents near some of Broward County’s strongest tourism, dining, and employment drivers. The surrounding area continues to benefit from luxury residential development, hospitality investment, and sustained demand for coastal housing. Casa Sul Mare presents a rare opportunity to acquire a well-located boutique asset with multiple exit strategies, including continued multifamily operations, short-term rental repositioning, or future redevelopment potential in a high-barrier-to-entry submarket.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$242 USD /SF

# OF UNITS

9

PRICE/UNIT

$255,556

CAP RATE

3.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casa Sul Mare

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

RMM25

APN/PARCEL ID

49-42-36-07-0400

ASK ABOUT THIS PROPERTY

Daniel CunninghamMarcus & MillichapMore Info
954-501-5020

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Daniel CunninghamMarcus & MillichapMore Info
954-501-5020

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