505 20Th StFort Lauderdale, FL 33316

Property Details for 505 20Th St

Year built

1958

Property size (Sq ft)

3,035 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.0968

Longitude

-80.1375

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