Well-maintained multifamily asset operated as short-term rentals in the highly desirable Lauderdale-by-the-Sea beach market.
Proven in-place income with average daily rates of approximately $150 per night for one-bedroom units and $200 per night for the two-bedroom unit.
Clear revenue upside with the ability to increase average daily rates by approximately 17% for one-bedroom units and 12.5% for the two-bedroom unit through optimized pricing and management.
Property sits on a 0.13-acre lot with favorable RMM-25 zoning, offering long-term flexibility and potential future redevelopment upside.
Updated interiors featuring modern appliances and contemporary finishes, catering to today’s short-term rental guests.
Units 3 and 4 have been fully renovated; the property has been recently repainted and benefits from a new roof installed in 2024, minimizing near-term capital expenditures.
Irreplaceable coastal location just steps from the beach and within walking distance to Anglin’s Fishing Pier, popular restaurants, cafes, and boutique retail.
Prime Lauderdale-by-the-Sea setting with strong, year-round short-term rental demand and a limited supply of multifamily properties.
Convenient access to Fort Lauderdale Beach, Las Olas Boulevard, Downtown Fort Lauderdale, US-1, I-95, and Fort Lauderdale–Hollywood International Airport.
Rare opportunity to acquire a turnkey coastal multifamily asset in one of Broward County’s most sought-after beach communities.