Brand New Construction Multifamily property, consisting of (4) units and (2) buildings in Fort Lauderdale. Located just minutes from I-95, the airport, downtown, the new "Fort" Pickleball facility, and the beaches. Each units consists of 4 bedroom (or 3 + office) and 4 baths, a 1 car garage, abundant parking, and approximately 2,200 SF of living space. Opportunity for an investor or 1031 exchange to purchase a Brand New, no maintenance multifamily property in Fort Lauderdale. Roof, AC, Appliances all under warranty. Property insurance policy ready and UNDER $1,000 per unit per year (the benefit of New Construction).
The property will have CO by the end of June. Seller will guarantee first year income of $288,000 in gross rents, which can be held in escrow and released back to Seller as leases are executed. Huge rental demand in this area - short term/vacation rentals are an option as well. Floor plans, aerials, and renderings attached.