2100 Miami RdFort Lauderdale, FL 33316

Property Details for 2100 Miami Rd

Year built

2024

Property size (Sq ft)

25,500 SF

Property type

Mixed-use properties

Property subtype

Multifamily properties

Description

Exceptional investment opportunity in Fort Lauderdale, Florida, awaits with the Ocean Wave Apartments at 2100 Miami Road. This stunning, newly constructed (2024) four-story building boasts 12 luxurious three-bedroom, three-bathroom apartments, each featuring high ceilings and high-end finishes. The 25,500 square foot building sits on a 36,900 square foot lot and offers 31 parking spaces. With a net rentable area of 36,900 square feet, the property currently generates a NOI of $568,493, representing a 5.27% cap rate. However, a pro-forma NOI of $974,945 projects a 9.03% cap rate, showcasing significant upside potential. The property is zoned RMM-25 and includes approximately 1,000 square feet of commercial space, ideal for a café or office. Residents enjoy access to a fitness center and a rooftop area with panoramic views, an outdoor kitchen, and comfortable seating. The prime location, near Port Everglades, Fort Lauderdale-Hollywood International Airport, the Convention Center, the beach, and Las Olas Boulevard, ensures high occupancy rates. This mixed-use, Class A property offers remarkable flexibility

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.0955

Longitude

-80.1348

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