720 Harris Ter Fort Lauderdale, FL 33311

This exceptional 8-unit apartment building presents a lucrative investment opportunity in the thriving Fort Lauderdale market. Located at 720 Harris Terrace, in Broward County, FL 33311, this single-story, 1965-built property boasts a substantial 11,000 square foot lot, offering significant potential for future redevelopment. The building comprises seven studios and one two-bedroom, one-bathroom unit. Studios currently command monthly rents ranging from $1250 to $1400, while the two-bedroom unit rents for $1900 per month. Undergoing a complete gut renovation in 2023, the property features brand new electrical systems, air conditioning units, a freshly paved parking lot, a motorized gate, updated light fixtures, and a recently replaced roof (completed approximately two weeks prior to listing). This meticulously maintained property is situated in a rapidly developing area, benefiting from the proximity to the ongoing Sistrunk Boulevard redevelopments, promising continued appreciation in value. The asking price for this turnkey investment is $1,150,000. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a prime location poised for significant future growth.