1450 Miami Rd, Fort Lauderdale, FL 33316
13 Unit Apartment Building | $3,268,000 ($251,385/Unit) | Fort Lauderdale, FL 33316
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,268,000
- Property Type
-
Multifamily
- Square Feet
- 8,781 SF
Listing Contacts
Gabriel Pena
Verified Profile
Austin Graham
Verified Profile
Connor Kerns
Verified Profile
- Property Info
Property Overview
Matthews Real Estate Investment Services™ is pleased to exclusively offer Via Veneto Apartments located in Fort Lauderdale, Florida. The subject property consists of a thirteen-unit apartment complex. The unit mix consists of (4) two-bedroom two-bath units, (3) two-bedroom one-bath units,(5) one-bedroom one-bath units, and (1) Studio. The living area is 8,781 square feet and the building was constructed in 1965. The building is on a 14,572-square-foot site zoned RML-25 Residential Multifamily Low Rise/Medium High Density per the City of Fort Lauderdale. The complex has seven fully furnished units, which will give the new owner the ability to operate short-term rentals in the future.
Via Veneto is located in the highly sought-after neighborhood of Harbordale in Fort Lauderdale, just a short 5-minute drive from Downtown Fort Lauderdale (Las Olas) and Broward County Convention Center. The property also has a Walk Score of 92 with dozens of national retailers on 17th Street being just 5-minutes walking distance. Nearby Fort Lauderdale landmarks also include F3 Marina (0.3 mi.), and Lauderdale Yacht Club (0.8 mi.) Fort Lauderdale Convention Center (1.1 Mi.) Las Olas Beach (3.0 mi.) FTL-Hollywood International Airport (3.3 mi.)
This opportunity includes a significant 68% upside in rental income through a renovation strategy. Four of the units are on month-to-month leases, three of them are vacant and the remaining six units have 12-month leases. Matthews Real Estate Investment Services™ has estimated that market rents are $1,500 for Studios, $1,800 for one bedroom, and $2,250 for two bedrooms, which allows the annual rent roll to increase by $128,400.
Broker of Record
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Via Veneto is located in the highly sought-after neighborhood of Harbordale in Fort Lauderdale, just a short 5-minute drive from Downtown Fort Lauderdale (Las Olas) and Broward County Convention Center. The property also has a Walk Score of 92 with dozens of national retailers on 17th Street being just 5-minutes walking distance. Nearby Fort Lauderdale landmarks also include F3 Marina (0.3 mi.), and Lauderdale Yacht Club (0.8 mi.) Fort Lauderdale Convention Center (1.1 Mi.) Las Olas Beach (3.0 mi.) FTL-Hollywood International Airport (3.3 mi.)
This opportunity includes a significant 68% upside in rental income through a renovation strategy. Four of the units are on month-to-month leases, three of them are vacant and the remaining six units have 12-month leases. Matthews Real Estate Investment Services™ has estimated that market rents are $1,500 for Studios, $1,800 for one bedroom, and $2,250 for two bedrooms, which allows the annual rent roll to increase by $128,400.
Broker of Record
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Details
- Class
- C
- Year Built
- 1966
- Stories
- 2
- Lot Size (sq. ft)
- 15,246 SF
- Units
- 13
Highlights
- Unit Mix: 13 Units, (7) 2 Bedroom Units (±720 SF), (5) One Bedroom (±580 SF), and One Studio (±258 SF)
- Prime Location: 5-minute walk from 17th Street Retail Centers, a 5-minute drive from Downtown Fort Lauderdale (Las Olas) and Broward County Convention
- Building Features: 8 units fully furnished, and assigned parking for each unit
- Building Size: ±8,781 SF
- Lot Size: ±14,572 SF (±0.34 Acres)
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