Property Description Riverside Flats is an eighteen unit multifamily opportunity in one of the most desirable investment markets in the United States and Globally here in Fort Lauderdale, Florida. The Riverside Park neighborhood is nestled between the North Fork and South Forks of the New River, placing Riverside Flats a short distance to the World Famous Riverfront and Riverwalk areas of Downtown Fort Lauderdale. Due to the highly desired location, Riverside Flats experiences market leading, historical occupancy rates and rapid rent growth. The rental market in Fort Lauderdale continues to grow at a pace with very few rivals nationally. People are flocking to this city of the future at a remarkable pace in our post pandemic environment. The perfect, "Live, Work, Play" model as more and more young professionals and growth companies take advantage of the vibrant city life of Fort Lauderdale. The city has quickly emerged as a tech hub with many firms coming to and calling the area home. While rents for Class A product continue to increase to historical highs, demand for Class B and C remains very strong and stabilized. Riverside Flats saw a gut renovation in recent years that included all new tile flooring, hurricane impact windows, electrical service, granite topped kitchens, new well, and much more. More recent upgrades include newer roofs, new security cameras, and new paint through the exterior. A new Buyer may unlock value by expanding upon the fenced in back yard areas and creating a real brand that revolves around the lifestyle component that the City of Fort Lauderdale offers. With the City of Fort Lauderdale purchasing development land and converting it to green space, Riverside Flats is perfectly positioned to enhance the resident life thereby embracing the water activities just a short walk away. Location Description Riverside Flats is in the city of Fort Lauderdale, FL in the Riverside Park Neighborhood. More than 200,000 people call the city home and is the Seat of Broward County. Flagler Village, Riverwalk, Riverfront, Fat City, and the Progresso Village neighborhoods are reshaping the city core. There are millions of square feet at some phase of the construction timeline including an abundance of residential class A apartments and multiple retail centers. Fort Lauderdale is a premier multifamily investment market and viewed globally as a city on the rise. As the featured neighborhood, Riverside Park is known for old growth trees and convenience of the walkable connectivity it has to Downtown and Riverfront areas. The famous "Riverside Market" really kick started the craft beer craze in Fort Lauderdale and is a short walk from the property. Riverside Flats enjoys historically high occupancy levels due to the demand for this type of residential rentals so close to the downtown core of Fort Lauderdale and abundance of employment opportunities. Affectionately called the "Venice of America", Fort Lauderdale is home to 165 miles of inland waterways. There simply isn't a greater collection of multi-million dollar yachts in the world hence the moniker, "Yacht Capital of the World". Fort Lauderdale features some of the world's premier boating events; including the Fort Lauderdale International Boat Show. The show is widely accepted as the largest boat show in the world. The Fort Lauderdale-Hollywood International Airport is 10 minutes southeast of Riverside Flats. As an economic driver, Port Everglades generates more than $29 Billion worth of commerce annually, directly impacts 11,000 jobs. There are various maritime industries including ship building, repairs, parts manufacturing, and retail outlets that will provide quality jobs for the residents of Riverside Flats. There are various corporate headquarters within a short drive to the asset including but not limited to AutoNation, American Express, Marriott International, SEACOR Holdings, Spirit Airlines, Chewy.com, and Citrix.