For Sale
$1,799,000

505 20Th StFort Lauderdale, FL 33316

Six-unit apartment complex, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents a six-unit multifamily property nestled in the heart of Fort Lauderdale, Florida. The complex, situated on a 6,977 square foot lot, comprises two buildings, each two stories high, totaling 3,035 square feet. Built in 1958, the property boasts six fully furnished units: two two-bedroom/one-bathroom units, two one-bedroom/one-bathroom units, and two studio units. Each unit is equipped with a kitchen and ample closet space, featuring wood and tile flooring throughout. Ten parking spaces are available for residents, along with convenient on-site laundry facilities. The asking price is $1,799,000, translating to $299,833.33 per unit and $592.75 per square foot. This property offers exceptional access to Port Everglades, Fort Lauderdale-Hollywood International Airport, major roadways, shopping, dining, parks, and public transportation. Its proximity to the renowned white sandy beaches of Fort Lauderdale further enhances its desirability. The property is not subject to a ground lease. The APN is 504215104750. This is a rare chance to acquire a well-maintained, income-producing multifamily property in a highly sought-after location.

Highlights

  • $1,799,000 asking price for a six-unit apartment building in Fort Lauderdale, FL.
  • Six units total, comprised of two 2-bedroom/1-bathroom units, two 1-bedroom/1-bathroom units, and two studio units.
  • All units are fully furnished with kitchens and ample closet space; wood and tile flooring throughout.
  • Property features 10 parking spaces and on-site laundry facilities.
  • Located in Fort Lauderdale, close to Port Everglades, Fort Lauderdale-Hollywood International Airport, major roadways, shopping, dining, parks, and public transportation; minutes from the beach.
  • Two buildings, two stories each, totaling 3,035 square feet on a 6,977 square foot lot, built in 1958.

Property Details for 505 20Th St

Property type
Apartment buildings
Square Feet
3,035 SF
Year Built
1958
Buildings
2
Stories
2
Units
6

Location Insight

City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.0967764
Longitude
-80.137473
505 20Th St, Fort Lauderdale, Florida

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505 20Th St
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