This property is ideal for an investor looking to hold an asset which is likely to benefit from the continued growth and stability of the Lauderdale By The Sea submarket. The property is in excellent condition and was upgraded significantly in 2007 and then again between 2015 and 2016. The second floor "owners unit" was built in 1982. Improvements were permitted and the quality of workmanship can be seen throughout the property. Unit one is the most recently upgraded unit with high end finishes. The second floor owners penthouse unit, a two bedroom, two bath, has it's own terrace with partial views of the Atlantic Ocean and dedicated laundry. The building is built with CBS construction on the bottom and wood frame for the top unit. An investor can expect a stable return on their money with limited involvement or they can rent the property seasonally and reap the benefits of short term rental income. The current tenant base is "low impact" in that they are either older or part time residents so wear and tear is minimal.