701 NE 13th Ct - Apartments FOR SALE


Fort Lauderdale, FL 33304- Middle River Terrace
$2,508,000 USD
954-595-2999
701 NE 13th Ct, Fort Lauderdale, FL for Sale
$2,508,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

701 NE 13th Ct
Fort Lauderdale, FL 33304
Middle River Terrace


HIGHLIGHTS

  • 12-unit multifamily asset in a high-demand Fort Lauderdale submarket
  • Diverse unit mix: studios, 1BR/1.5BA, and 2BR/2BA units
  • Desirable courtyard-style layout with shared green space
  • Located near Downtown Fort Lauderdale, Flagler Village, and Wilton Manors

OVERVIEW

Native Realty is pleased to present a 12-unit multifamily investment opportunity located at 701 NE 13th Court in Fort Lauderdale. The property consists of a well-maintained, two-story garden-style apartment building totaling approximately 8,275 square feet, situated on a 14,688 square foot lot. The asset features a diverse unit mix including one studio/1-bath unit, one studio/1.5-bath unit, eight 1-bedroom/1.5-bath units, and two 2-bedroom/2-bath units. Many units have been updated with modern finishes including tile flooring, refreshed kitchens, and renovated bathrooms, offering an attractive living environment for tenants and reducing near-term capital expenditure needs. The property is centered around a landscaped courtyard, creating a desirable community-style setting with shared outdoor space. On-site parking is available, and the layout provides efficient access to all units, supporting strong tenant retention. Zoned CB (Community Business), the property offers flexibility for future redevelopment or alternative uses, enhancing long-term upside potential. Investors benefit from stable in-place income with the opportunity to further increase rents through continued interior upgrades and operational efficiencies. Strategically located just north of Downtown Fort Lauderdale and in close proximity to Flagler Village, Wilton Manors, and major transportation corridors, the property is positioned within a high-demand rental market supported by ongoing development and population growth. This offering presents an opportunity to acquire a stabilized, value-add multifamily asset in one of Fort Lauderdale’s most active and evolving submarkets.

FOR SALE DETAILS

PRICE

$2,508,000 USD

PRICE/SF

$186 USD /SF

# OF UNITS

12

PRICE/UNIT

$209,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,688 SF

ZONING

CB

APN/PARCEL ID

49-42-35-38-0070

ASK ABOUT THIS PROPERTY

Jaime SturgisNative Realty Co.More Info
954-595-2999

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Jaime SturgisNative Realty Co.More Info
954-595-2999

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