1916 SW 11 STREET, FORT LAUDERDALE FL 33312

Rare opportunity to acquire a very well-maintained 24-unit apartment building located within close proximity to Las Olas, downtown Ft. Lauderdale. Easy access to I-95, Turnpike, Broward Blvd, and US-1, Davie Blvd, Fort Lauderdale Airport.

Attractive unit mix (Four 2 Bedrooms and 2 Bath). (Four - 2 Bedrooms and 1 Bath). (Sixteen- 1 Bedroom and 1 Bath). This is a great value-add opportunity for an investor to bring rents up to market and recapture 16% upside potential in rents. The property is 100% occupied, and the rents are below market. Currently 100% occupied.

Capital improvements include 16-units that have been upgraded from new bathrooms, kitchens, stainless steel appliances, tile flooring, some have laminate wood look flooring, freshly painted, updated landscaping & more. The property has undergone significant capital improvements within the last two years.

Amenities include command area laundry room, lush tropical landscaping, reserved parking for tenants, all units have central air conditioning.

Palm Lakes apartments is a 24-units two floor complex located in Riverside Park submarket in Fort Lauderdale South Florida within Broward County. Palm Lakes is situated on .60 of an acre.

Property website buildout: https://buildout.com/website/1332302-sale

Property Website (branded) https://orders.virtuals1.com/sites/1916-sw-11th-st-fort-lauderdale-fl-33312-9407783/branded

Mls: https://portal.onehome.com/en-US/share/1657057H34696

Alex Lizama

COLDWELL BANKER COMMERCIAL REALTY

3319 Sheridan Street Hollywood, Florida 33021

Phone number: 305-409-3045

E: alexpassiveincome2@gmail.com

Digital business card: https://realtybizcard.com/alexlizama