616-626 14Th AveFort Lauderdale, FL 33312

Property Details for 616-626 14Th Ave

Year built

1966

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a 32-unit apartment complex ideally situated in Fort Lauderdale, Florida, at 616-626 SW 14th Ave, 33312. The property, comprised of two two-story buildings on a 39,000 square foot (.8953 acre) lot, offers a desirable mix of 19 two-bedroom, one-bathroom units and 13 one-bedroom, one-bathroom units. Each apartment features updated kitchens and bathrooms, tile flooring throughout, and select first-floor corner units boast spacious patios. Community amenities include a swimming pool surrounded by travertine stone, complete with lounge chairs and a barbecue area. Residents also enjoy on-site laundry facilities, ample parking, and a designated bicycle area. Built in 1966, the property has undergone recent significant improvements, including new roofs and gutters installed in 2024. Furthermore, window air conditioning units are being replaced with modern split system AC units. The asking price for this turnkey multifamily investment is $7,950,000. Detailed financial information and rent rolls are available upon request.

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1137

Longitude

-80.1593

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